McDonald's suffers as customers get squeezed
The fast-food giant offers up a rather gloomy forecast for growth as diners cut their spending.
The problem seems to be worse, though, than at competitors. Wall Street analysts project that McDonald's will grow revenue by just 2.4% in 2013, compared to the National Restaurant Association’s estimate of 4.9% growth for the U.S. quick-service dining sector.
How does one gauge poverty in America? By watching the stock prices of junk food chain stores..
Now, numbers of those who can barely afford to spend their money at those cheap places seem to hitting the threshold, not that consumers can switch to healthier outlet, as supported by record number of American receiving welfare food stamps payment, not to mention record poverty rate among American citizens. Another sign that Bernanke's "print all we can" drug seems to running out of its efficacy. What's next? Did Jews stuffed enough money for next downfall, diluting everyone else's life savings?
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The solid report comes a month after the retailer closed all of its Canadian operations.
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