The canary in a coal mine

October 3rd, 2009

I really think Messrs Rudd and Swan should be ringing Baguette to check on the health of the economy.  They don’t need to wait for the quarterly (after the event) figures, because any restaurateur can tell them ahead of those figures how we are travelling.  We are like the canary in a coal mine in that regard.  The minute people lose confidence, their job or read too many gloomy newspapers they stop eating out in restaurants.

So at the end of March 2008 we knew that something unpleasant was happening in the economy.  The good news now is that as early as May this year the trend reversed — with no particular marketing to explain the improvement in our figures.  A crude measure maybe, but having had Baguette for 33 years we have seen several recessions, one depression, many downturns and upturns.  Just give me a ring if you need to know what is happening next!

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