After all these months and a lost presidential election, it turns out John McCain was right. It is clear that the U.S. economy is in full tilt and its fundamentals are strong (and stupid). The evidence:
1) Paul Blart: Mall Cop landed at number 1 in the movie box office for the second week in a row with $21.5 million.
2) Fast food giant McDonald’s posted an amazing 80% increase in profits over 2007, $4.3 billion vs. $2.3 billion.
3) Segway clone, Toyota Winglet, to enter U.S. market for production and sale by late 2009.
Ya ya I know, it is easy to explain away McDonald’s. People are poorer, so they buy cheap shit. But c’mon, Paul Blart??? $65+ million in two weeks. No excuses for that even in an awesome economy. And the Winglet, I have no comment other than it also doubles as a personal massager…and that Mr. Blart wants to upgrade to one.
Well, at least people are spending money again.
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don’t forget, even as prices for EVERYTHING else keep dropping lower, it still costs $10 to go to the damn movies!