Power Breakfast: Economy ‘inching up,’ foreclosures down, Burger King, Popeyes, Hartsfield

How about some good economic news for a change?

If Thursday’s big equipment auction at Ritchie Bros. Auctioneers in Newnan is any indicator, the economy is on the way back, writes AJC reporter Jeffry Scott.

Prices were up and attendance was good – about 500 at the Ritchie facility, another 500 plugged in by the Internet, from 20 countries around the world. Nearly 1,200 bulldozers, dump trucks, ditch witches, excavators and their ilk moved off the lot, Scott writes.

“They say heavy equipment is a mirror of the real estate and stock markets,” said Darrin Hogeboom, regional manager of the company, which auctions heavy equipment all over the country.

“When we’re up, they’re up; when we’re down, they’re down. Right now, I’d say we’re inching up.”

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3 comments Add your comment

TnGelding

November 13th, 2009
6:58 am

Inch by inch, it looks like the economy is recovering…..again. Let’s not forget who changed this nation from the largest creditor nation into the largest debtor nation.

clyde

November 13th, 2009
7:41 am

The economy creepeth.Auctions are a good place to buy that piece of equipment that you’ve been wanting.Cents on the dollar sometimes.I attend auctions for that reason.

Burger King franchizees suing to be able to charge what the traffic will bear is a good idea.Once they get the prices up and get rid of the people coming for the $1 double cheeseburger,they’ll be able to cut back on their volume,lay some people off,open less hours and still make the same amount of money.

#1 Foxy Lady

November 13th, 2009
10:05 am

I’m glad that President Barack H. Obama has been able to get the economy back on track after Bush nearly killed it. Obama is smart and Bush is stupider.