That makes no sense, if food prices go up than restaurant prices go up as well! If budget is tight people tend to eat out less! This CEO was talking nonsense! He said it just to say something and show himself off, its a stupid, extremely stupid idea if you think about it! Take your family as an example and you will see it... 50% of people in US own less than 1% of all equities, that was 3 years ago, now its even worse!!! You think they will go out more? Common! Middle class is almost gone, you have 10 % of people that live nicely and that's it... O sorry, he was probably referring to himself because he probably eats out a lot!!! Guess what, he is in top 1% of all people in US!!! 75% of all people are cooking more, eating at home more!!! This trend will not change!
Consumers can try to grow and make their own food, it will cost 10 times more!!! Food and sneakers are the cheapest thing in America!!! Inflation is here and America needs inflation, food prices will go up more!
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This is just the beginning. Banks are failing with low borrower defaults. Last days of Babylon my friends.
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What about this from JPM?
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Don’t fight that trend, may get a little bounce but it’s going lower still.
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US Consumers Will Push Back On High Food Prices, Mondelez CEO Says
That makes no sense, if food prices go up than restaurant prices go up as well! If budget is tight people tend to eat out less! This CEO was talking nonsense! He said it just to say something and show himself off, its a stupid, extremely stupid idea if you think about it! Take your family as an example and you will see it... 50% of people in US own less than 1% of all equities, that was 3 years ago, now its even worse!!! You think they will go out more? Common! Middle class is almost gone, you have 10 % of people that live nicely and that's it... O sorry, he was probably referring to himself because he probably eats out a lot!!! Guess what, he is in top 1% of all people in US!!! 75% of all people are cooking more, eating at home more!!! This trend will not change!
US Consumers Will Push Back On High Food Prices, Mondelez CEO Says
Consumers can try to grow and make their own food, it will cost 10 times more!!! Food and sneakers are the cheapest thing in America!!! Inflation is here and America needs inflation, food prices will go up more!
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When someone says Snap, I run!
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$MCURF currently has 6 products and owns 13% of Atma Canadas first approved sellers!! just a matter of time easily a 10 bagger it will catch up soon
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Really interesting. So WHO IS behind this disinformation campaign?
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Still feel the same way?