McDonald’s Sees Downbeat Consumers World-Wide – Real Time Economics – WSJ

“This is one the first times where we have seen it [consumer confidence issues] in a much broader-based perspective. It’s a little bit more than a European cold.” CFO Peter Bensen added, “The magnitude of the issues in Europe are having ripple effects around the world,” hurting consumer confidence and causing fewer people to eat out.

via McDonald’s Sees Downbeat Consumers World-Wide – Real Time Economics – WSJ.

Comment:~ McDonald’s are a worldwide barometer of consumer spending. When they report a broad decline in sales, we should expect an economic down-turn.

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