McDonald’s Again

By |2014-04-22T14:33:58-04:00April 22nd, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

McDonald’s latest results confirm that something is very much amiss on the consumer side. Total global revenue grew only 1% Y/Y, including new store launches and acquisitions. However, as has been the pattern since 2012, US comparable store sales lagged markedly. The rate of contraction in Q1 was actually the worst in more than a decade. Even if you believe [...]