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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (55502)8/28/2006 9:02:40 PM
From: ChrisJP  Respond to of 116555
 
You must be real fun at parties !!!

lol

You know -- if restaurants want to cut prices -- all they have to do is serve smaller portions. Cheesecake factory is the worst. Even my 16 y.o. son can't finish their entrees.

Chris



To: mishedlo who wrote (55502)8/29/2006 12:29:45 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 116555
 
Mish

I would be very cautious about using "cuts" in restaurant prices as a sign of "deflation".

In many cases portion sizes and food quality also are being cut.

Too, some eateries now include a 15-20% gratuity with the bill rather than allowing the customer to decide how much is appropriate.

Furthermore many eateries now are charging extra for condiments that used to be free. Our local Nathan's now charges 50 cents to put a little sauerkraut on your frankfurter.

Many bars now charge extra for drinks without ice since such drinks contain more liquor than iced drinks. This was unheard of until quite recently

These "cuts" in restaurant prices are mostly PR for the naive IMHO.