Economic Research at a Steakhouse
Slates Daniel Gross explains this offbeat indicator:
The financial results of these testosterone-filled cow palaces reveal much about several trends affecting the U.S. economy.
…But as the year unfolds, steak stocks become more like leading indicators. If profits are humming, M&E budgets are in rude health, and prospects look good, you’d expect businesspeople to use steakhouses for meetings, deal-closing dinners, and recruitment lunches.
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Posted: May 31st, 2007 under Americas, Equities, General.
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