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The John Batchelor Show

Preview: Jim McTague uses restaurant metrics as recession indicators. A waitress reports customers "disappeared" in East Petersburg, and a popular 16-chain brewery declared sudden bankruptcy.

The John Batchelor Show

John Batchelor

Arts, Society & Culture, Books, News

4.52.8K Ratings

🗓️ 26 September 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Preview: Jim McTague uses restaurant metrics as recession indicators. A waitress reports customers "disappeared" in East Petersburg, and a popular 16-chain brewery declared sudden bankruptcy.
1912 ALLENTOWN PA

Transcript

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0:00.0

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0:01.9

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0:26.3

This is John Batchel, speaking to my colleague Jim McTag, former Barron's Washington editor now in Lancaster County as a novelist. However, the old habits prowling around looking for signs

0:33.2

of slowdown or speed up or avoid the recession or not, Jim finds restaurants and diners

0:39.5

very useful metric.

0:42.5

Anecdotal.

0:44.3

Last two weeks.

0:46.2

Here's Jim.

0:46.9

Much more of this tonight.

0:48.9

Well, I didn't go to Dockside Willys.

0:50.5

I went to the Linden Diner in East Petersburg, Pennsylvania, which is a famous

0:55.8

diner because that's where all the politicians stopped during campaign season, because

1:00.8

generally it's so crowded. A waitress there who has been there five years told me that for the

1:07.0

past two weeks, the customers have virtually disappeared.

1:12.3

Hardly anybody is showing up.

1:17.8

She said she's talked to chefs and waitresses at other diners, and she's hearing the same story.

1:18.7

And this is maybe a coincidence, but a very popular restaurant, the Iron Hill Brewery, part of a 16 restaurant chain. The Iron

1:30.9

Hill, which had a restaurant across from the campus of Franklin and Marshall College, declared

1:36.6

bankruptcy and closed up all 16 locations suddenly. This tells me that the conventional wisdom

1:47.7

that we're going to skirt a recession is totally wrong

1:51.2

because I think restaurants are the canary in the coal mine.

1:56.3

Hi, Alastair Campbell from The Restis Politics.

...

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