Wall st and the 1% - beneficiaries of the feds interest rate policies and money printing are surprised
that mcdonalds missed their numbers !
When your wealth is growing due to skewed policies it's hard to imagine the little guy who is paying the price by soaring food and energy prices as well as the resumption of the social security tax.
They may tell you inflation is negative or .1% etc but when you buy the food and energy at the real or actual prices there is less and less money left to buy non essentials and to go out to mcdonalds etc.
It's a methematical fact and I expect non food retailers to experience revenue contraction this year like mcd as more household don't have the money to spend. I leave you with 2 examples of soaring food prices. Broccoli was .49 lb last year now 1.49 per lb ! and entemans 18 ox chocolate cake with marshmallow frosting last year 3.99 today 6.27 at the same store.. GLTA ! Not much left for mickey D...
Lastly fed policy of 0% interest rates are greatly reducing the interest income of savers and seniors forcing them to use saved principle to live or put it into the overpriced stock market propped by the fed.
If they had interest income many would spend it at mcdonalds..