Saturday, October 17, 2009

Damned Uplifting Articles.

I'm in investments, and trust me, we're still hosed. But that's depressing. We don't want to hear about that. We want to hear about how things are getting better. That sells papers.

The Projo has an article talking about how restaurant sales are still strong. Which only tells half of the story. The other half is the long list of restaurants that have gone under in the past two years. It stretches well into the dozens, including one of my favorites, Feast or Famine.

How could this be? The restaurants are all packed. The paper says so! Ah yes, but at what cost? The sales may be up, but as GM and Ford have so spectacularly demonstrated, you can be selling buckets of product and still be losing lots of money. Just because overall sales are up does not mean life is good. All of the closings show that quite clearly.

Despite economy, R.I. consumers still find means to dine out (

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