McDonald's Reveals Americans Have Hit Their Breaking Point

McDonald's warns of a worsening consumer environment as gas prices and inflation trigger demand destruction.

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Source: DepositPhotos

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.
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