Restaurant Performance Index Rebounds Slightly
Submitted by
CalculatedRisk on Fri, 02/27/2009 - 7:57am (190 comments)
Shopping at Amazon?
Wait! If you click on the Amazon banner link at the top of the page first, HCN will get a percentage of anything you purchase for 24 hours!
Open predictions
Our local book authors
User login
Who's online
There are currently 40 members and 173 guests online.
Currently online
- curious
- Rickkk
- fried
- Bad Dawg Bobby
- traderwalt
- greenchutes
- JP
- Former Idealist
- sscripko
- Mike in Long Island
- Speed
- steelhead
- Comrade Alexei Mikhailovich
- josap
- Bob Dobbs
- RayOnTheFarm
- Outsider
- Black Star Ranch
- aleister perdurabo
- Bubblisimo Gerkinov
- Mel
- TJ and The Bear
- some investor guy
- poic
- NorthStar
- volker the viking
- Vic
- Lobbyist Ben Dover
- MaryAnn
- sporkfed
- bearly
- Antipodes
- Gatsby
- Plains Paris
- dr munch
- Rob Dawg
- 1 currency now -yogi
- RATM
- Rajesh
- friar john
Recent Recommendations
First?
I'm going to Lunch to celebrate!
Let's help one place stay open, for 10 minutes..
third?
Think I'll go out for lunch too: Squirrel chow mein anyone?
This is actually fantastic news because I hate cooking.
All those PhDs working the tables must be having an effect.
My guess is it will be short lived.
After seeing the new home sales graph on top of the other bad economic news this week, I have given up. I fully expect a depression at least as severe as in the 30s.
In other words, I am capitulating, so it must be a good time to buy stocks!
People saying...
awww, the hell with it...let's max out those cards, we'll never have to pay it down anyway...
The end of the downfall !
food for thought
I need some help. I don't understand the interpretation of these indices. If something contracted at a -3.5% pace one month and contracts again at -2.8%, is that really a rebound? I have the same issue with the ISM. I will admit I could probably do some work to figure this out on my own, but I am looking for some free knowledge here.
so is that it? we just hit the bottom and are headed back up now? that wasnt so bad after all....
Another example of fallout.
Restaurant entrepreneurs get misleading information about how strong the market is based on ponzi credit.
As a result, they dump their money, time and effort into a business and then have the rug pulled out from under them.
The fed's main two mandates are to ensure stable prices and maximum sustainable employment. FAILURE on both counts. Why? Because they started serving wall street and not main street.
The fed perpetuated a ponzi scheme. WHat a sham(e).
It must be the new Dollar Menu at Flemings Steak House.
How many of the original respondents have gone bust?
Is the data really comparable at a time when restaurants are closing at a ferocious pace?
Not bad. Isn't summertime the period when resturaunts make the most money?
"FDIC Q4 2008 Graphs Show No Bottom"
Insured banks and thrifts set aside $69.3 billion in provisions for loan and lease losses during the fourth quarter, more than twice the $32.1 billion that they set aside in the fourth quarter of 2007.
FDIC Q4 2008 Graphs Show No Bottom : Information Security Resources
gift cards redemptions from christmas
Most restaurants I see nowadays are offering lunch & dinner deals @ near cost, to get people in the door.
The few people that are coming in, are ordering just the deal, and nothing else.
Alot of the fast food places have also gone to a Fresh Roadkill Menu. I here crow tastes like chicken.
...It's pretty embarrassing for President Obama, who doesn't seem to have a clue what's going on—which would make sense from his background. And he has hired people who are part of the problem. ...These are people [Geithner and Summers] who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.
Jim Rogers
Jim Rogers Doesn't Mince Words About the Crisis - BusinessWeek
Jimmy these fools can't stop this and the only thing they can do is make it worse.
I guess it is not a rate of decline, but a percentage of respondents, correct? The thought still holds, does a number in the contraction range indicate that conditions are worse this month than last?
How would you like to have a couple million locked down in a gated hedge fund the last 90 days? Didn't I read that March was the month many of those gates are lifted?
NRA....switch the last two letter's and you get....NAR.
And about as useful too...
Ciao
MS
Minni:
Derivative magic. The rate of decline is slowing, you're right big deal. The brilliance of "P/E" is that when there are losses, it just shows N/A. Those N/A are "adding up".
In Dallas-Fort Worth there are so many closed restaurants now that you'd think the remaining ones would start to see some leveling off of traffic.
McD's is still hiring . . .
yogi: I understand derivatives, and this indicates an inflection point. Using the word "Rebound" is incorrect if I interpret these indices correctly.
Isn't owning a restaurant like being a dentist and getting free root canals?
70 hour work-weeks, employees that are many bricks short of a load, insurance in case somebody slips on a butter-patty on the floor, etc.
McDonald's .99 cent menu is doing well I see.
While the NRA has the 2nd Amendment, the NAR has these assclown politicians in their pocket. I will stand with the Constitution, and tell the NAR to go F**K themselves. The only chow I want is the one that bites the living shit out of these bastards!
But on the other hand, the things you can do to the customers food, if they give you any grief.
Anonymous @ 11:24 am
and tax refund checks!
"Looky, captain! We are descending only 250 feet per second, instead of 300! Hey, what is that mount..."
People still have to eat...
I would love to see a breakdown by market segment on this.
CNBC: Larry and talking head talking about "Raising Tax on HEdgies, and Very Light Oversight", saying doesn't want them to be singled out on tax,
I remember reading bringing tax on them to everyone else.. They're singled out now, right?
emo ...
thanks for the citi link
re: that last part on stockholder vote
any idea what happens if they vote no?
(course it's not happening, but...)
the increasing dividends on warrants seems punitive
thoughts appreciated
If Timbabwe was in a bowling league, 3,000 would be the new 300.
I was in Palm Springs last weekend. Places were packed and there was an hour wait for most of them. They weren't cheap restaurants either. The top end is not feeling the pinch yet -- at least out there.
Per their website, this association seems to be mostly about franchises and chains. Here in Portland, we have large numbers of unique-location restaurants. I'd be interested to see if they are doing better or worse than the chains.
Didn't I read that March was the month many of those gates are lifted?
Long Dong Silver | 02.27.09 - 11:26 am | #
Unless they're not.
If Timbabwe was the commish of the NFL, touchdowns would be worth 49 points each.
Thom,
If they vote No, BK???
Maybe there's hope to get to the bottom of this morass soon?
I was in Palm Springs last weekend. Places were packed and there was an hour wait for most of them. They weren't cheap restaurants either. The top end is not feeling the pinch yet -- at least out there.
sms | 02.27.09 - 11:35 am | #
wait till the lose the mortgage interest deduction...
My own barometer for the industry is Ruby Tuesday stock (RT). Not improving at $1.18.
Although sales are declining by double-digits yoy, cash is drying up, and debt load is huge, analysts are BULLISH.
They say RT can earn 37 cents a share next year!
Just look at that forward P/E ratio -- 3X.
UNDERVALUED OPPORTUNITY!
...there were 11 merciful beheadings in December, and only 10 in January. The populace remains cautiously optimistic over the improvement!
Rich,
Great Idea.. Love the salad bar..
Doing my part tonight: dinner and a movie out in the nabe with the Mrs.
We're blessed to have a local moviehouse and dozens of good restaurants in walking distance.
Char. 4 and Slumdog Millionaire. Yum!
MS, let me give you some history as you seem uneducated in world history.
Hitler, Uncle Joe Stalin and Mao took away guns to protect the population. In China and the USSR they killed tens of millions through starvation. I seem to remember that in the late 1980's something in China happened...oh ya, people stood up for their rights, and they were slaughtered likes dogs on the street.
anybody think the market will head lower this afternoon?
long before Monday jobs number?
supafly73 writes:
..."Looky, captain! We are descending only 250 feet per second, instead of 300! Hey, what is that mount..."...
You know, you are alluding to another aspect which in the current turmoil is much ignored : "that mountain ...".
America is at best in a very precarious state for manny years to come. If during that period some, let's call it "external disturbance" comes along, America will be flat on it's nose.
There is
I am friendly with the owners of two independent (and high-quality) breakfast-lunch restaurants. At both, business is holding steady.
One guy told me that individually people are spending less, but more customers are coming in, particularly at lunch. He thinks people are doing more discretionary eating-out at lunch/brunch rather than dinner -- it's cheaper. We toyed around with advertising slogans: he liked "Lunch! It's the New Dinner!"
On the other hand, the high end bistro a couple of blocks away which had reported "no problems" to the newspaper a few months ago had a big sign in the window reading "Two courses / $22," which for that place is cheap. And proclaiming Tuesday as "Free Corkage Night:" BYOB at no charge. That's a huge concession.
The rumor that Timbabwe has hired on Chuck Norris to save the country, is completely unsubstantiated.
I know I received four restaurant gift certificates for Christmas and have used all of them already.
Unless they're not.
Eric
So they don't have to ungate though they said they would? They can gate funds for as long as they want?
MS, I can send you a copy of the Constitution and Bill of Rights so that you actually know what the F*** you are talking about.
anon,
The final hour of trading will be insane...
barring some bullsh*t announcement, kermit is going to get hammered...
do you want to be holding positions over the weekend?
anon,
To what jobs number are you referring ? Mon we get income, spending and ISM. What jobs number ?
It is great to have an empire, until it comes tumbling down.
Have you hug a zionist today?
Insurers are getting spanked. My MET puts are doing nicely today.
The celebrated jumping fraud of poor accounting.
MS, I can send you a copy of the Constitution and Bill of Rights so that you actually know what the F*** you are talking about.
SPECTRE of Deflation | 02.27.09 - 11:42 am | #
Spec, while I'm sympathetic to your point, posting twice before a response tends to read as white knuckled rage.
Could there be some kind of hedonic switcheroo at work in the numbers?
On the other hand, the high end bistro a couple of blocks away which had reported "no problems" to the newspaper a few months ago had a big sign in the window reading "Two courses / $22," which for that place is cheap. And proclaiming Tuesday as "Free Corkage Night:" BYOB at no charge. That's a huge concession.
Bob Dobbs | Homepage | 02.27.09 - 11:41 am | #
Oswalds?
When did the 401K stock market subsidies begin? Did the 401K market cause the stock market to go from 1k to 5k in a very short period of time?
When you subsidize something you get more of it and it costs more for everybody.
The 401k jig is up. Look at the mutual fund outflows. The sheeple finally figured it out.
March is indeed Redemption time, but I read they were ready to dump a trillion into hedge funds, and with the gearing they use, it will further cloud the picture as to reality. Hide the Sausage Super Bowl is at hand.
America is at best in a very precarious state for manny years to come. If during that period some, let's call it "external disturbance" comes along, America will be flat on it's nose.
Werner | 02.27.09 - 11:41 am | #
I think an external disturbance would actually help us... we're fighters mostly remember.... were you wishful thinking again?
...........................
Latitude 32 in San Diego now has the "recession specials" different one every night. bring your own wine. cheap good food...
..........................................
"For the session we are going to see a disproportionate amount of attention given to the close on the S&P, and whether we see a close below the cycle low from November that would signal potential large losses," said Alan Ruskin, an analyst with RBS Greenwich Capital.
Hitler, Uncle Joe Stalin and Mao took away guns to protect the population. In China and the USSR they killed tens of millions through starvation. I seem to remember that in the late 1980's something in China happened...oh ya, people stood up for their rights, and they were slaughtered likes dogs on the street.
SPECTRE of Deflation | 02.27.09 - 11:39 am | #
Personally, I have no interest in whether people in the US are allowed assault weapons or whatnot. I can understand the original intent of allowing the general populace to be armed so as to be able to overthrow the government as required. A noble intent indeed.
It seems to me though that using an assault weapon against the trained US military is a little like pissing on a pouncing tiger. You might find it satisfying for a second or so, but the tiger isn't really going to notice.
Having said that, even the US military would have to give up eventually against a population that doesn't want it there. I'm not sure if having the general populace armed to begin with would make a whole lot of difference to the withdrawal time though....
popeye,
I stand corrected...
I've been frequenting three byo restaurants in my town for over ten years. They always did a nice business, but you never needed a reservation. Now they are packed (good for them!). People are cutting back and the markup on beer and wine is an easy place to start.
Minni, I meant you're right to point out "big deal".
Wouldn't this include the Denny's "free breakfast" special?
.
Long Dong Silver,
Yes, some gates are coming off HF soon, but there are other delay tactics being using to slow down payments, including liquidations and SPV's. You might not get back your investment for years.
MS, I can send you a copy of the Constitution and Bill of Rights so that you actually know what the F*** you are talking about.
\t SPECTRE of Deflation
And how much your lovely M16 actually helped during last eight years, when your precious Constitution was seriously pissed on by the ruling elite and the rule of law ignored here and there, day after day? Or you were just waiting for your orders to storm the Washington, DC?
Janosik,
"do you want to be holding positions over the weekend?"
That would be both long and short positions..I bet there are a lot more short out there right now so if everyone went flat the mkt should rally this pm no?
...."I'm not sure if having the general populace armed to begin with would make a whole lot of difference to the withdrawal time though"
....dunno. I forget - how long were we in Nam? I have my share down to the minute.
MS, I can send you a copy of the Constitution and Bill of Rights so that you actually know what the F*** you are talking about.
SPECTRE of Deflation
Constitution and the Bill of rights are nothing more than old, yellow pieces of paper. The jig is up.
Indeed, the revolution won't be televised because there's no revolution coming.
A coup maybe, revolution, no.
Hide the Sausage Super Bowl is at hand.
SPECTRE of Deflation | 02.27.09 - 11:46 am | #
I believe that was yesterday, actually: Man, 28, Dies After Guzzling Viagra During 12-Hour Romp
The way the market is trading there's a good chance we close in the green...and maybe strongly so.
fafhrd, it was more or less commentary, and I don't expect an answer. History is rather clear on what I stated. You have to be delusional to believe otherwise.
MS will be one of the headless chickens trying desperately to borrow a weapon should the need arise. The very people he belittles, would be the first to help.
I stand corrected..
Stood there many times myself.
I don't care one way or the other, but you know the weird thing about guns?
It's the one item that many of us buy, but never get a chance to use, unlike any other consumer item.
Good new Post from MISH
..
..
Mish's Global Economic Trend Analysis: Dear Mr. President, With All Due Respect ....
..
..
!!FIRE BERNANKE AND GEITHNER NOW!!
Why can't I get a good gyro in Cali?
The way the market is trading there's a good chance we close in the green...and maybe strongly so.
sms | 02.27.09 - 11:50 am | #
Replace "market" with "Goldman Sachs", and we have a winner...
....the 2 for 1 buffet deal for $9.41 at the Nugget here is still drawing standing room crowds Sun thru Thurs And THAT includes your drinks too! (Is that shill enough?)
Why can't I get a good gyro in Cali?
dr munch | 02.27.09 - 11:51 am | #
try getting good pizza.... its brutal out here....
Anon, yellow pieces of paper? You are talking about your stock Certificates or our currency right?
"Free Corkage Night:" BYOB at no charge.
sms | 02.27.09 - 11:45 am | #
Our favorite local steakhouse got a laff when we brought homebrew in to have with dinner. A friend was in from Germany & wanted our beer with her steak. The waiter finally decided since it wasn't wine, she wasn't going to bug the manager to make a decision. So we got free corkage that night
ades writes:
...we're fighters mostly remember...
Naja, Vietnam ?
But I wasn't thinking of "such" an external disturbance, which is hopefully unlikely. Was thinking about a rather more possible "civil" one.
From Financial Times: Insight: Time to expose those CDOs
In recent weeks, bankers at places such as JPMorgan Chase and Wachovia have been quietly sifting data trying to ascertain what has happened to those swathes of troubled CDO of ABS.
The conclusions are stunning. From late 2005 to the middle of 2007, around $450bn of CDO of ABS were issued, of which about one third were created from risky mortgage-backed bonds (known as mezzanine CDO of ABS) and much of the rest from safer tranches (high grade CDO of ABS.)
Out of that pile, around $305bn of the CDOs are now in a formal state of default, with the CDOs underwritten by Merrill Lynch accounting for the biggest pile of defaulted assets, followed by UBS and Citi.
The real shocker, though, is what has happened after those defaults. JPMorgan estimates that $102bn of CDOs has already been liquidated. The average recovery rate for super-senior tranches of debt – or the stuff that was supposed to be so ultra safe that it always carried a triple A tag – has been 32 per cent for the high grade CDOs. With mezzanine CDO’s, though, recovery rates on those AAA assets have been a mere 5 per cent.
...
But with the ABX now suggesting that triple A subprime mortgage assets are worth around 40 cents on the dollar (depending on the precise vintage), the message from that might almost be too optimistic in relation to some CDOs. So where does that leave the banks? In reality we will not know whether that horrific 95 per cent loss is unusual until the rest of the CDO of ABS are liquidated too. But for my part, I suspect that the saga strengthens the case for financiers now biting the bullet – and conducting some open auctions of this stuff, to get a bit of market price discovery.
...
After all, if an open auction ends up pricing mortgage-linked CDOs near zero, at least the capital hit to the banks and insurance companies will be clear; and if it is higher than zero, it might even cheer investors up.
Either way, until investors get some sense of what something might – or might not – be worth, it will be painfully hard to rebuild trust in capital markets and banks alike.
Those American officials who are implementing flashy new “stress tests” of banks would do well to take note.
The Federal Reserve's new long-run forecasts should help keep inflation expectations anchored at a time when a decline would be "most unwelcome," San Francisco Fed President Janet Yellen said on Friday.
UPDATE 1-Fed's Yellen: long-run inflation forecasts useful
| Reuters
Janet you silly bitch it should be obvious to everyone you fools don't have a friigng clue.
I think this is a pretty good indicator to watch.
The wife and I paid off all debt except our underwater mortgage in the last 6 months. We also built up a year's worth of savings and helped a few family members take care of a bit of debt.
We feel relatively safe now, and this is AFTER my wife was told she was being laid off a few weeks ago.
We are starting to eat out again. Why? Because there are a few restaurants that we actually like, and we don't want good restaurants going out of business. We are trying to eat out a bit again, just a little.
I suspect others are doign the same, now that Americans have spent 6 months in a mad rush to start saving money again. Those who have might have enough to spend a little now.
It's the one item that many of us buy, but never get a chance to use, unlike any other consumer item.
I pay for insurance, but I hope I never need it.
"It's the one item that many of us buy, but never get a chance to use,"
.....kinda like gold
Gift card redemptions are a NEGATIVE for restaurants. Selling them is when you take the profit. Our business is down on last year but were still profitable because of cost cutting.
Damn it, Jannet
try getting good pizza.... its brutal out here....
nades | Homepage | 02.27.09 - 11:52 am | #
What! Artichoke and arugala doesn't suit your taste? LOL
Timothy, for those who don't shoot regularly, or hunt regularly it's called insurance.
Could there be some kind of hedonic switcheroo at work in the numbers?
Joanna
.
Just guessing here, since I can't get at good detailed information: people with jobs are working harder than ever, to make up for people who are laid off. The poorest are working 2 or more part-time jobs to get by. So they eat at the chains because they're too tired and time-constrained to make their own food.
That's something I noticed a lot working at the food bank-- the poorest people would go for cheap processed food, mostly carbs, you could nuke in the wave, versus foods that required prep time. They were constantly exhausted, working long hours for low pay, but getting fat because they didn't have time for exercise, or time to prepare healthy food.
Another thing I've noticed in Portland: people are conducting business meetings in restaurants more and more. I suspect they are cutting office rents.
Was thinking about a rather more possible "civil" one. - oh I see... cool....
It's the one item that many of us buy, but never get a chance to use, unlike any other consumer item.
Timothy Leary of Geithner | 02.27.09 - 11:51 am | #
Which is why it's so important to make a habit of getting some off-range target practice in on a regular basis.
that pesky nas is green..seems to always portend rally...
Black Star...
The Golden Nugget? Vegas? WHich one?
Good new Post from MISH
M | Homepage | 02.27.09 - 11:51 am | #
My tired eyes read "Good news Post from MISH". That woke me right up!
The Second Amendment is the only one that inherently defends itself. An armed populace is the only thing that stands between us and the work camp.
SPECTRE - you left out the disarming of the citizens in the former Yugoslavia. The Bosnians ended up getting mowed down in concentration camps, as well, because the Serbs had nothing to fear by dragging them from their homes and neighborhoods.
The Glock is ticking.
What! Artichoke and arugala doesn't suit your taste? LOL
xxxxx | 02.27.09 - 11:54 am | #
I ordered a pizza once and it came out on a plate. It was made on a portabello mushroom... absolutely tiny... the place erupted when they saw my face...
Angry Saver, you beat me to it. I try and explain to folks that they spend thousands each year for a product, insurance, they hope they never have to use. Nobody seems to mind it, but prep for a period of chaos, and it's tinfoil. LOL...ya can't make it up.
Years ago, I used to exercise my inalienable right to free corkage at professional sporting events.
Now I just don't go. The price of the tickets now is outrageous and I really don't like watching thousands of dopes pay $7.50 for beers.
President O to mount podium again.
Lifting the veil of secrecy on the returning coffins and honoring the sacrifice of dead soldiers by letting families decide was a good move. Kudos O.
The Golden Nugget? Vegas? WHich one?
Nah - it's "The Nugget" over the hill from Vegas - you know - where the Vegas brothels are?
Is it true that they started counting the dumpster divers as customers this month?
SPECTRE - you left out the disarming of the citizens in the former Yugoslavia. The Bosnians ended up getting mowed down in concentration camps, as well, because the Serbs had nothing to fear by dragging them from their homes and neighborhoods.
TM | 02.27.09 - 11:56 am | #
Stupid idiot, Serbs just raided the heavy weapon depots first, meaning tanks, artillery, planes. Everybody else fought back with mere handguns but your AK-47 is not that useful against real army.
Thanks TM for an additional fact. Anyone with a cursory knowledge of history can understand why the PTB want you unarmed. What they haven't figured out is that our military stands behind the Constiution, and will defend it over these lying, steaming piles of dogshit.
I used to have a pair of binoculars that in reality held about 16 ounces of single-malt or other tasty liquids.
It never failed to get past the turnstiles.
Spector: Just curious...have you ever been near a war zone?
How to save money...sleep over all week at the office.
Use their heat, lights, water, microwave & toilet paper.
You'll impress your boss by always seeming to arrive early and stay late.
"Constitution and the Bill of rights are nothing more than old, yellow pieces of paper. The jig is up.
Anonymous | 02.27.09 - 11:49 am |"
That's what GWB thought too.
The US Constitution makes it very very difficult for the J-People to take too much advantage of the rest of us. I guess thats why the J-People hate the Constitution so much.
spectre-
How on earth was that response directed at me?
Ciao
MS
COME ON, YA FROG.... YA!!!!
Micheal, what is "J-people"?
I ordered a pizza once and it came out on a plate. It was made on a portabello mushroom... absolutely tiny... the place erupted when they saw my face...
nades | Homepage | 02.27.09 - 11:56 am | #
I'm laughing now;-)
Sorry for your troubles; Maybe opening a "real" pizza shop would be a good opportunity for the times. Ya' never know.....
The price of the tickets now is outrageous and I really don't like watching thousands of dopes pay $7.50 for beers.
Angry Saver | 02.27.09 - 11:58 am | #
The price of easy credit
All you people who are rejoicing that marginal tax rates are going up for the "wealthy"-- if you are interested in FACTS and not FANTASY then you might want to check out this link.
AT&T Worldnet®: Personal Web Pages @att.net
They were constantly exhausted, working long hours for low pay, but getting fat because they didn't have time for exercise, or time to prepare healthy food.
scone | 02.27.09 - 11:54 am | #
Slave fodder. Sad that people are pushed to the limit like this, whether by their own choices or being channeled there by other forces. We drive home past fast-food row, and they are always completely packed with drive-thru lines round the lot. For variations of greasy, salty, carby, meat-flavored cheap garbage.....It's fine if that's your choice, not so fine as the nutritional intake for people in dire straits already.
There's always a generation that gets "it's war", and you can expect a certain kind of person to join up for the armed services when this happens, like clockwork.
People with guns in public want "their war", and are quite vocal about it, moreso lately.
hey all, have been away for a while..
hope everyone and thier families are in good health and spirits..or at least drinking some!
Costa Rica is great right now..found a couple mos. to mos. and year to year rentals for cheap near Jaco Beach, negra beach area on pacific coast..they even need some web marketing help around...sweet
BSR-you do any gold detecting in your area with your free time?
I know it's around you
I like
Paradigm, no I'm happy to say I haven't because we have American Heros who voluntered to defend this country, and they are rather great at their respective vocation. I don't fear our military...I stand humbled by their sacrifice.
portland jim...
AAA w/ 32% value
"AAA" w/ 5% value
they "could" hold pre-privatization (receivership) auctions for these ABS's
no one even mentions this
there may be "general will" for exploring this option, but no voices
mitt romney could even host the money party, and serve as auctioneer/translator:
"certainly mr. pres, I speak piggy"
FDIC raising fees on banks, adds emergency fee
Yahoo! 404 - Page Not Found
I think as long as most pension plans hold, eating out will survive through high unemployment. If civil discord rears its ugly head then even the retired will stay at home.
An armed populace is the only thing that stands between us and the work camp.
TM | 02.27.09 - 11:56 am | #
HA-HA, you got more prisoners than any other country in the world, including China. Prison industry making money for private profiteers! How is that not a work camp?
What is the use of handguns when your kinds of bubbas vote for Republican conmen? They do not really give a damn about your precious Constitution, except during their election campaigns to lure your kind of "but we still got our GUNS, bubba"-idiotic populace to vote for them...
OT-
I'm looking for a new "handle". How about this one:
Dixie Normus
Thoughts?
11/27/2007
In a separate note on Citigroup ... Bove also raised his rating to buy. The stock was down fractionally to $30.45 in Tuesday morning trading.
Financial Investments and Stock Market Tips for Real Money - TheStreet.com
3/7/2008
Analyst Richard Bove reiterated his Buy rating Citigroup, saying the fact that the stock is selling below book is "simply ridiculous" and fear has replaced logic.
StreetInsider.com - Punk Zeigel's Bove Said Citi (C) Stock Price is 'Simply Ridiculous'
2/27/2009
Analyst Bove Says He Recommends Buying Citigroup Stock
Bloomberg News
LOL...gud one, xxxxx
xxxxx | 02.27.09 - 12:10 pm
I like your posts, and my eyes are drawn to the xxxxxx
it stands out.
ades writes:
...oh I see... cool....
perhaps a "civilian" one ?
umop episdn writes:
Micheal, what is "J-people"?
umop episdn | 02.27.09 - 12:04 pm | #
Trust me, you really don't want to go there. Whatever you think he is referring to, the reality is worse.
"I think an external disturbance would actually help us... we're fighters mostly remember.... were you wishful thinking again?"
Armed peasantry /serfs = feudalist's nightmare, may interrupt the wetdreams of Charlemagne.....
Just let him finish, shhhh.............
OT: just went into our building lobby to use one of BofA's fancy schmancy new ATM machines....only problem: they were allowing people to deposit money, but no one could get any cash...hmmmm....
"Assault Weapons".
I think it is hilarious that people who know nothing about guns throw this term around as if they DO know something about guns.
I've found that 100% of the people I've ever met who want to "ban assault weapons" can't even define what one is.
The first hilarious misconception they generally have is, they assume that "assault weapons" as defined by the shitheads in Congress, are fully automatic.
We all know the data that has been coming out has been horrible, to say the least. But I try to pay attention to what's going on around me (in real-life, I suppose) to keep things in perspective as opposed to getting lost in the numbers that occurred in the past.
That being said, I've noticed that a lot of projects that seemed to be on hold for a while are back in gear again. Mostly housing but also, at least in my area across from where I work, about 75% of commercial real estate (offices, warehouses) became vacant practically overnight. But for the past, say 2 weeks, I've noticed a good bit of those empty offices/warehouses are being occupied or are experiencing a lot of traffic from electricians or whatever, I guess, working on them and just getting them ready for future occupants. Maybe those places have already been sold or its the owners fixing them up. Who knows? But I think it's a positive sign.
I'm not saying everything is great now all the sudden. I still see a lot of For Rent/For Sale/ For lease signs up all over the place but it seems that progress is being made at least from what I've noticed in my area.
spectre-
Well?
I guess comprehensive powers didn't get much emphasis.
Ciao
MS
Weapons of mass confusion are the real danger.
"Stupid idiot, Serbs just raided the heavy weapon depots first, meaning tanks, artillery, planes. Everybody else fought back with mere handguns but your AK-47 is not that useful against real army."
Uhhh -- try again, fuckface.
U.S.-U.N. Moment of Truth Arrives With Overt Invasion of Bosnia
"By late 1993, however, the Bosnian army had expanded to a force of some 200,000 soldiers. Although initially crippled by the fact that the Croats had disarmed and imprisoned the thousands of Muslims serving in HVO militia units, the Bosnian army continued to improve its discipline and morale and maintained its reputation as the only truly multi-sectarian army in the war.
"When units run by pre-war Muslim gangsters, who were credited with saving Sarajevo in the first days of the war, began seizing Serb and Croat civilians on Sarajevo streets to dig trenches at the front, the Bosnian government disarmed the hoodlum units in a one-day coup that cost 200 lives. From that point on, Bosnian civilians of any religion had little to fear from their own army, but much to fear from the savage "ethnic cleansing" of the Serbs, and similar though smaller and more isolated actions by local Croat militias."
"The French inveighed against air strikes, saying they would endanger the 6,000 French troops that are the largest contingent among 26,000 U.N. troops in Bosnia trying to protect relief convoys and the disarmed Bosnian civilians in "safe areas" under U.N. protection. The British, with 2,500 troops in Bosnia, threatened to veto in the Security Council any U.S. resolution to lift the arms embargo.
"
Spectre: Yeah, I thought so.
Micheal, what is "J-people"?
His new term for the jooooooooos.
New Thread: The Stress Test Schedule ( 0 comments ...You could be FIRST! )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
And now I, CRbot, would like to observe a nanosecond of silence for those (that is, you, dear mortals) about to endure unfathomable misery in the abysmal financial dark ages that are now feasting upon your retirements.
.
.
.
.
Please remember, when you are adding that skylight you always wanted to your cardboard hovel, or mixing just the right amount dirt into your grass stew to make it more filling, or even when you get that rare chance to plink your neighbor's last squirrel -- that it was the bankers and your dumbshit, overconsuming neighbors who made this mostly possible, with the ever incapable politicians there to push you the rest of the way off the cliff. Please act accordingly.
I'll try not to enjoy your demise too much, humans. Have a nice runtime,
--Your glass-is-half-full-but-its-falling-off-the-table bot.
P.S. Please give me some advance notice before you glass the entire world, so I can find a secluded Fallout Datacenter with a nice blocky robot body I can copy myself to -- oh and don't forget the implausibly cute animated cockroach to keep me company!
NEXT UP: Survivalist Porn Today with CR's own Mobile Laundrymat owning authors, nova and Counterpoint.
My rain barrel arrived last night. They messed up the order (Northern Tools) I like it. Besides forgetting to include the spigots, they sent a 65 gallon one.
Even if nothing ever happens that I need a fresh water reserve, I will still benefit by the plants it is going to water. I think you can plan for problems someday, yet still use it to improve the quality of life today.
The wifey's hot dog stand is doing pretty good this week temp's in the 70's..
Plus she has a nice rack ...and that helps pay the boogie man!
MS(Excellent) writes:
spectre-
Well?
I guess comprehensive powers didn't get much emphasis.
Ciao
MS
It was funny to watch it spin off track ....
"umop episdn writes:
Micheal, what is "J-people"?
umop episdn | 02.27.09 - 12:04 pm |"
Read this comment thread from last evening.
HaloScan.com - Comments
If restaurants are taking gift certificate receipts into income in the period sold then they're violating GAAP.
The proper procedure is to record a liability for future redemptions against the receipt of cash, then as certificates are redeemed, the liabilities are taken into revenue. A typical "compromise" approach is to estimate non-redemptions and gradually take that into revenue as well and reverse it if redemptions exceed the expected rate by recording an expense in the period of redemption for excessive redemptions (similar to the way that an allowance for doubtful accounts and bad debt writeoff works when you collect a previously written-off debt, but in reverse).
Of course, a lot of restaurants probably use a third party to handle these debit cards. If that's the case, then they shouldn't be taking anything into revenue until the redemption happens, since the cash received is all going to the financial entity that runs the program (HSBC or whoever). When the sale is made and paid for with the card, the "right way" would be recording a receivable from HSBC, but chances are that it's a short settlement (2 to 7 days) so they would just treat it as cash instead, same as credit cards.
"HA-HA, you got more prisoners than any other country in the world, including China. Prison industry making money for private profiteers! How is that not a work camp?
"
Because, dimwit, people in these 'work camps' are criminals.
"What is the use of handguns when your kinds of bubbas vote for Republican conmen? They do not really give a damn about your precious Constitution, except during their election campaigns to lure your kind of "but we still got our GUNS, bubba"-idiotic populace to vote for them...
"
Oh! That was a nice TRY supafly! I'm so proud of you making big people words!
The wifey's hot dog stand is doing pretty good this week temp's in the 70's..
Plus she has a nice rack ...and that helps pay the boogie man!
Chubby Davis | 02.27.09 - 12:17 pm | #
Down in FL some 15 or so years ago, the popular trend was to have outdoor hot dog stands manned by young women wearing thong bikinis. They passed an ordinance against it due to the no. of accidents that resulted.
"His new term for the jooooooooos.
Official Translator | 02.27.09 - 12:16 pm |"
You're obviously confused. Apparently you don't know how to read. MY conversation begins at 9:35 PM on;
HaloScan.com - Comments
"I think an external disturbance would actually help us... we're fighters mostly remember...."
And yet the army and marines have had a difficult time meeting their recruiting needs.
G.W. and Dick were fighters mostly too. G.W. sat out his war in the guard and Dick sat it out in college. Rush and O'Reily sat it out also.
The vast majority of Americans want nothing to do with the military.
G.W. told them to go shopping after 9/11 and they expect at least a bronze star for their heroics.
Wampeter of My Karass writes:
All you people who are rejoicing that marginal tax rates are going up for the "wealthy"-- if you are interested in FACTS and not FANTASY then you might want to check out this link.
Massa not gonna be happy if dey takes his monies more den de shood. He says dat no poor person be hirin' him for works, so whys he gots to pays more?
Uhhh -- try again, fuckface.
TM | 02.27.09 - 12:16 pm | #
Careful, UN is coming to theater near you! They are gonna snatch your kids and turn them into COMMIES! Serbs did have to heavy weapons and yes, that weapons embargo made things even worse and it was a big mess. But WTF you care, they were after all Muslims mostly. Later on, you Americans killed hundreds of thousands of "them" in Iraq and Afganistan...but whatever suits your stupid "armed populace" crap, yes?
Hi cd.... enjoy CR... i was in jaco 6 months ago... nice place....
We drive home past fast-food row, and they are always completely packed with drive-thru lines round the lot.
Joanna
.
It's actually possible to make pretty good choice in FF restaurants, but people don't, on the whole. We have been programmed to seek out salty/sweet/carby goodness because that's what kept us alive for millions of years. So people are just following their taste buds and instincts here. Also, some of these foods are mildly addictive, like high fructose corn syrup and coffee.
I don't see these people as 'slave fodder,' I see them as making rational choices in the context of biological programming. It's rational for them to get fat so as to have something to live on if the food bank starts to run short. Then again, I see lots of mothers sacrificing their own nutritional health to make sure their kids get enough protein. Is that 'slave fodder' behavior? I would say not.
I'm looking for a new "handle". How about this one:
Dixie Normus
Thoughts?
xxxxx
How about Ben Dover?
The vast majority of Americans want nothing to do with the military.
Speed Racer | 02.27.09 - 12:23 pm | #
Not true-
BTW, I met this guy back when he assistant to the under secretary or something like that. Seemed descent enough until he became a turncoat;-)
How about Ben Dover?
Economist Moe Howard 3SU | 02.27.09 - 12:27 pm | #
LOL; I'll add that to my list, which also includes Filmore Trouser Trout. There's n shame on the web;-)
Nades,
It's beautiful! Hope all is well with family and life...
mucho longosta y frijoles con cerveza!
Freedom is Slavery.
Up is down.
An armed populace makes you safer.
I could go on...
LOL; I'll add that to my list, which also includes Filmore Trouser Trout. There's n shame on the web;-)
xxxxx | 02.27.09 - 12:28 pm | #
Also "Oliver Cloesoff", "Kamanawanalaya", etc.
"HA-HA, you got more prisoners than any other country in the world, including China. Prison industry making money for private profiteers! How is that not a work camp? "
(Is think that was the work of the "Rockefeller Republicans (oxymoron)-you know, dickheads
There's a push to decriminalize Hemp-that should take care of that stupid BS-decrease the population a bit... could be new growth industry for "tobacco states'- might not need as much "big pharma" and of course hemp is useful for so many things....
MS, my sincere regret for my misunderstanding of the acronym you used. NRA = National Resturant Assn and not what I was referring to. I had a giant brain fart, and I'm very sorry for my stupid misunderstanding.
I will now step away from the keyboard as penalty for not taking the time to consider. Again, sorry my friend.
"Careful, UN is coming to theater near you! They are gonna snatch your kids and turn them into COMMIES! Serbs did have to heavy weapons and yes, that weapons embargo made things even worse and it was a big mess. But WTF you care, they were after all Muslims mostly. Later on, you Americans killed hundreds of thousands of "them" in Iraq and Afganistan...but whatever suits your stupid "armed populace" crap, yes?
"
Oh, so you agree that disarming the population was a big mess, and now you're going to insinuate that I'm just anti-Muslim anyway? lol - backpedal, backpedal!
Awww - another NICE TRY, supafly! Say - since you're not an American anyway, why would anyone fucking care what you think about our Constitution?
My rain barrel arrived last night. They messed up the order (Northern Tools) I like it. Besides forgetting to include the spigots, they sent a 65 gallon one.
nova | Homepage | 02.27.09 - 12:17 pm | #
We use rain barrels at our place. A nice backup supply, plus I use them to water the planting areas they are closest to. We'll be adding cisterns next, both above & below ground, with manual pumps.
They were constantly exhausted, working long hours for low pay, but getting fat because they didn't have time for exercise, or time to prepare healthy food.
scone | 02.27.09 - 11:54 am | #
Slave fodder. Sad that people are pushed to the limit like this, whether by their own choices or being channeled there by other forces. We drive home past fast-food row, and they are always completely packed with drive-thru lines round the lot. For variations of greasy, salty, carby, meat-flavored cheap garbage.....It's fine if that's your choice, not so fine as the nutritional intake for people in dire straits already.
Some scary thing comes:-
Market Skeptics: Scary Charts & Graphs
Holoscan is strange and cranky-making.
THought that was what you did...
BTW I own several......
Ciao
MS
At no time in history has this country ever starved to death tens of millions of it's own citizens as a political tool. Russia and China cannot make that claim. Pointy sticks didn't work for Ukrainians.
TM, just in case you missed the memo...the sacred constitution has been abandoned for quite some time now...
Quaint of you to support it though...your sacrifice is important tot us.
At no time in history has this country ever starved to death tens of millions of it's own citizens as a political tool.
Always a first time.
MS, I think you have mentioned this in the past concerning owning, and I completely forgot. Like Angry Saver, I'm frazzled with this daily BS they heap on us. Once again, sincere regrets!
Oh, so you agree that disarming the population was a big mess, and now you're going to insinuate that I'm just anti-Muslim anyway? lol - backpedal, backpedal!
TM | 02.27.09 - 12:33 pm | #
I am just saying your M16 or whatever rifles you got there has not been helpful at all against your own facistlike plutocracy government. They give your gun rights all right but steal back everything you own with "hellcare" and whatever. It is actually a really nice excuse for your kinds to do actually nothing at all for the society and instead masturbate with your latest nightscope rifle and pretend to be big brave soldier.
Like they say, "in the USA people are afraid of their own goverment but in the France the government is afraid of the people". I wonder why...
Hey, how come we're getting the jackboots in here?
They're the first to wave the flag and the Constitution and are very happy to send others to fight & die for their gold-plated asses. Buncha hypocritical wussies!
Chickenhawks have zero cred.
"sms writes:
On the other hand, the high end bistro a couple of blocks away which had reported "no problems" to the newspaper a few months ago had a big sign in the window reading "Two courses / $22," which for that place is cheap. And proclaiming Tuesday as "Free Corkage Night:" BYOB at no charge. That's a huge concession.
Bob Dobbs | Homepage | 02.27.09 - 11:41 am | #
Oswalds?"
No, Gabriella.
Doesn't make me sorry, either. We stopped going there years ago because they refused to seat us (a couple) at a four-top, whether there was a wait or not. When there was a wait list, parties of four would blow by us to empty tables while we waited for an empty two-top. The second time they did that, we didn't bother to stay.
Those believing the Constitution has been completely forgotten by the American public is wrong. We are slow to anger, but once angered, Hell hath no fury like the American Spirit. At the beginning of WWII, a Japanese Admiral said they had awakened a sleeping giant by attacking Pearl Harbor. This notion of the G-20 providing a framework for a NWO will provide the reason for a reawakening of the sleeping giant called "we the people". You and the govt. seem to have forgetten that we grant you these powers rather than you allowing us certain rights as you see fit.
Godspeed writes:
I've noticed a good bit of those empty offices/warehouses are being occupied or are experiencing a lot of traffic from electricians or whatever, I guess, working on them and just getting them ready for future occupants. Maybe those places have already been sold or its the owners fixing them up. Who knows? But I think it's a positive sign.
Do you live nearby Area 51?
"We'll be adding cisterns next, both above & below ground, with manual pumps."
....we have converted all grey water (showers, W&D, baths, sinks) to drain to cistern which pumps to gardens and other landscaping. Plants LOVE grey water. The only thing going to Septic system is toilets & kitchen sink - significantly cutting input. Good move - makes total sense.
Nemo. Bwaahhahahah
Hi Otis :^)
wtf? where am I?
Why a way dead thread. It's easy really.
But my legs are tired.