Tuesday, February 01, 2011

8438: Buying Into Economic Recovery.


Spending too much time with a MultiCultClassics Monologue…

• Consumer spending rose 0.7 percent in December, the sixth straight monthly increase. The economic boost, however, will probably be attributed to the limited-time return of McRib® sandwiches.

• General Motors reported a 23 percent sales increase in January, selling 178,896 cars and trucks. The automaker probably could have surpassed 30 percent by offering free McRib® sandwiches with every test drive.

• Exxon Mobil reported 4Q 2010 net income grew 53 percent, marking its most profitable quarter since 3Q 2008. Wow, were they selling McRib® sandwiches at Exxon Mobil mini marts?

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