Food and Gasoline

Here's a blast from the past.

March 20, 2008
Eating Out vs. Eating at Home v.3



Here's the update to that chart. While updating the data I noticed that there have been some serious revisions to the data. It does not change the overall effect though.



I'm still bearish.

Apologies to all Darden investors. Perhaps I should have posted this chart sooner.

December 21, 2010
Darden Gets Cooked On Slippage In Comps

Stock tanks nearly 5% as Red Lobster and Olive Garden operator sees sales at existing outlets fall from last year.

In my defense, it was actually the news from Darden that inspired me to update these charts though. Go figure.

Here's a glimpse of gasoline sales.



Did I mention that I'm still bearish?

I offer a special thanks to Ben Bernanke. There's nothing quite like rising gasoline prices to create all kinds of pretend prosperity. Your ongoing actions should give this blog plenty of long-term staying power, lol. Sigh.

Source Data:
U.S. Census: Monthly & Annual Retail Trade
St. Louis Fed: CPI-U
St. Louis Fed: Population