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The Economics of the Food Chain Don’t Lie

Touch the Soil News #504 We often hear the economy has rebounded and improving. However, when it gets down to it, the economy runs on paychecks that leave folks with some spending power above the basics. The restaurant industry is the first to feel a recession as purchasing power among the masses weakens. And 2016 has not been nice to restaurants. Two thirds of all restaurant company stocks have fallen so far this year with the average decline at 8.3 percent. The cause of the drop in stock values comes from declining consumer spending at restaurants. This softening of spending has precipitated the largest wave of restaurant bankruptcies in modern…

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