McDonald's Reveals Americans Have Hit Their Breaking Point

About this episode

The episode discusses the deteriorating consumer environment as highlighted by McDonald's CEO and compares it to past economic downturns.

McDonald’s CEO says the consumer environment is certainly not improving and may be getting a little worse after the company reported better than expected past results. Those mainly before the gas prices jumped. Jumping over to big ticket items like appliances, Whirlpool, the company that employs the Maytag Man, it compared the current consumer climate to – not joking – 2008-09 as the cracks of demand destruction are indeed beginning to grow wider and becoming more noticeable. The Maytag man is somewhere right now polishing his resume. Eurodollar University's Money & Macro Analysis ---------------------------------------------------------------------------------- What if your gold could actually pay you every month… in MORE gold? That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month. Check it out here: https://monetary-metals.com/snider ---------------------------------------------------------------------------------- McDonald’s CEO says consumer spending could be ‘getting a little bit worse’…

People in this episode

Host: Jeff Snider

Topics covered

• consumer spending
• economic outlook
• demand destruction
• corporate earnings
• market analysis

Keywords

• McDonald's
• consumer environment
• Whirlpool
• demand destruction
• economic analysis

Sponsors

Monetary Metals

Mentioned in this episode

Organizations: McDonald's, Whirlpool

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