For his final Commodities Watch column of 2012, John T. Barone, president and commodities analyst for Market Vision Inc., offers a playful view of what's coming for the restaurant industry in lieu of his standard commodities snapshot.
‘Twas the night before Christmas and all through the world, doubts of American sanity swirled. The stock market tumbled; the economy stumbled. How long can it be ‘til the U.S. is humbled? Then down in D.C. there arose such a clatter, I checked Morning Joe to see what was the matter. When what to my wondering eyes did appear, but those congressional dolts whose judgment I fear. They bickered and argued and shouted anew, then right off the fiscal cliff they all flew. They plummeted downward not flying at all, straight toward the abyss, in flaming free fall. Down Barack! Down Boehner! Down Ryan and Cantor! Down Nancy! Down Biden! Down Reid and Tim Geithner! But wait, what was that? An agreement was reached? Just a hair from disaster — no debt ceiling breached. Wow, that was close, but what’s that you say? It’s not a real budget, just a stop-gap delay.
Contact John T. Barone at [email protected].