While this should come as no surprise to any rational non-establishment-teet-suckling economist (and certainly not to our readers), former McDonalds’ CEO Ed Rensi continued his crusade against the naive “solution” to poor living standards that has been peddled by a clueless administration in the form of a higher federal minimum wage, and after he patiently explained one month ago that “the $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business just do the math” Rensi found that nobody has still done the math.
Which is perhaps why the ex-CEO reappeared on Fox Business yesterday to explain to Maria Bartiromo that as fast-food workers across the country vie for $15 per hour wages, many business owners have already begun to take humans out of the picture, McDonalds most certainly included.
As Rensi admitted, “I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry – it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries – it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe.” Continue reading »
While this should be no surprise to any rational non-establishment-teet-suckling economist, former McDonalds’ CEO Ed Rensi exclaims, in a recent Forbes Op-Ed, that “a $15 minimum wage won’t spell the end of [fast-food brands]. However it will mean wiping out thousands of entry-level opportunities for people without many other options.” The $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business (and we add simple supply and demand fundamentals) – just “do the math” Rensi rants… Continue reading »
When it comes to jobs growth in the US, all one can say is thank god for waiters and bartenders: after all, a Starbucks barista is precisely what a recently fired oil chemical engineer making half a million dollars really wants to do with their life.
However, the days of easy job gains for the BLS may be coming to an end (even if on a seasonally adjusted, goalseeked basis the trend has a long way to go). Continue reading »
Anchorage, AK — An alarming photograph of a McDonald’s chicken McNuggets Happy Meal left to sit unrefrigerated and untouched for six years recently went viral on social media.
“It’s been 6 years since I bought this ‘Happy Meal’ at McDonald’s,” Jennifer Lovdahl posted on Facebook. “It’s been sitting in our office this whole time and has not rotted, molded, or decomposed at all!!! It smells only of cardboard.” Continue reading »
Tokyo, Japan — Fast food giant McDonald’s has been having a rough time. Considering its recent decision to close 700 locations in 2015, dire predictions from franchise owners claiming the company is facing its “final days,” and a June announcement that the company was shrinking for the first time in its long history, it’s safe to say McD’s is looking for something — anything — to turn its struggling business around.
The advertising geniuses at McDonald’s may have found that interesting, albeit disturbing something. McDonald’s unveiled its new McChoco Potato yesterday, a spin on the classic fries, which will be drizzled with chocolate and white chocolate syrup. The company says “The combination creates a wonderful salty and sweet harmonious taste.” McChoco fries will be rolled out in Japan starting January 26th, and if they are a hit, it’s possible they will eventually be sold in the United States. Continue reading »
Having told the world that it will borrow billions (and cut capex) to “return all free cash to investors,” it appears ratings agency S&P just needed to remind McDonalds that Shareholder-friendly releveraging no longer comes for free…
*S&P LWRS MCDONALD’S RTG TO ‘BBB+’ ON SHR BUYBACK PLANS
Who could have seen that coming?
H/t reader Squodgy:
“Yummy MacDonalds video…infectios laughter…excellent questions”
Dec 16, 2014
Article at TSM: http://truthstreammedia.com/question-…
No, seriously. Or maybe alternately, “Who in their right mind would eat a McDonalds ever again after visiting the company’s website?!?!”
They don’t say, “Hi, how are you?” or give you the requisite “Here are the glorious food products we all know and love!” slideshows or anything. You don’t even get the flat, emotionless “Hey” you might expect to get from some of the teenagers working the cash register. Continue reading »
H/t reader squodgy:
“This would be funny if it wasn’t so sad.
How they re-brand to distance themselves from the growing stigma is worth serious study by truthers as it will give pointers to others like Monsatan, Pfizer, GSK, Wal-Mart, et al.
They must be monitored to ensure we are not fooled again & again.”
– McDonald’s unveils plan to fix company, change perception of its gross food ingredients – VIDEO (WTF RLY, May 4, 2015):
McDonald’s has released its new strategy on how to turn around the company which seems to be failing at an accelerated rate. They have been so desperate for relevancy that they even tried a marketing plan to accept selfies as payment. A press release was sent out Monday morning following a video message from the CEO to investors.
Some info on McDonald’s struggles: Continue reading »
– Humiliated McDonalds To Stop Reporting Monthly Sales (ZeroHedge, May 27, 2015):
What do you do when month after month you have nothing but bad data to report. Simple: you have two choice – you either seasonally adjust the data (or in the case of US GDP, double-seasonally adjust it), or if that is not possible since unlike US GDP, your numbers are at least somewhat indicative of underlying reality, you stop reporting them altogether.
– McDonald’s Assaults Reporter Asking About McNugget Ingredients (Natural Society, March 17, 2015):
7 police officers called in response
What does it take to get physically removed from McDonald’s? Apparently, as I found out, all it takes is to ask one of their employees about what’s actually inside their McNuggets. It even resulted in a whopping 7 police officers at the scene to ‘escort’ me off their property. All for asking about the McNuggets (which I was never able to purchase). Continue reading »
– McDonald’s in global profit free fall as people everywhere increasingly reject chemically-altered toxic fast food (Natural News, March 12, 2015):
For decades, McDonald’s has been the poster child of chemically-altered factory-made fast food. While preying on the emotional imprinting of children with on-site playgrounds and social engineering marketing tactics, the restaurant’s true fundamental ethics are reflected in the horrors of the factory food industry: imprisoned chickens in tiny cages, genetically modified soy as meat fillers, chemically-altered menu ingredients and a geopolitical form of processed food imperialism that has resulted in McDonald’s restaurants “occupying” hundreds of nations around the world while exporting obesity, diabetes and heart disease globally.
Slowly but surely, the public has increasingly caught on to the McDonald’s sleight-of-food stage magic. Feel-good advertising can’t cover up the truth about its inhumane treatment of animals, genetically modified food ingredients and insidious social programming that tries to equate the restaurant with an emotional state of bliss. “Happy Meal…” seriously? I doubt the chickens who were slaughtered for that meal were very happy… Continue reading »
– Iceland Did Something Epically Clever With The Last McDonald’s Meal They Ever Sold (Collective-Evolution, Feb 22, 2015):
Up there in the ranks of dinosaur bones and Renaissance art comes the star of our daily cabinet of curiosities (#AMH). And no, it’s not a petrified mummy or a two-headed anomaly, but rather, something more relevant and clever.
In a move that will likely one day see future generations looking back and gasping in horror, Iceland has taken its last McDonald’s meal ever sold and placed it on display at a bus hostel in Reykjavik.
Iceland joined the movement of countries saying ‘farewell‘ to the multi-national fast-food chain back in 2009, after low sales and expensive importing fees caused McD’s to pull out of business for good.
The final day that McDonald’s was open in Iceland was October 31, 2009, and on that day a man named Hjortur Smarason purchased a meal as a souvenir. Smarason had no intention of actually eating it, but wanted to hang onto it out of curiosity and because he saw it as a “piece of history.”
At its new home at the Bus Hostel in Reykjavik, the burger and fries sit on display in front of a webcam, where people all over the world can watch in morbid curiosity.
So far, the meal on display has lived up to its “franken-food” reputation, showing not the slightest sign of decomposition and indubitably further sealing the deal on Iceland`s departure from the mega-chain. Continue reading »
– It’s Official, McDonald’s and Monsanto Are Both ‘Losing Money Fast’ (Natural Society, Feb 22, 2015):
Public awakens to what’s really in their food
In a series of headlines that would pass as virtually unbelievable several years ago, mainstream economists are sounding the alarm over the financial decline of both fast food giant McDonald’s and biotech juggernaut Monsanto.
CNN asks, ‘Is McDonald’s doomed?’ Business Insider declares that ‘McDonald’s Is Losing America’ as the company fires its own CEO. What’s happening? As it turns out, the world is starting to ask what they’re truly eating in their food — and the new conglomerate of natural grocers and restaurants are trailblazing the way into an entirely new economic environment. In other words: people are simply tired of shoveling garbage into their bodies, and they’re not going to put up with it anymore.
– McDonald’s now including free vaccines alongside Happy Meals (Natural News, Feb 13, 2015):
The only way to make a processed, chemical-laden Happy Meal even happier, it seems, is to accompany it with an injection of aluminum into the bodies of young children.
A McDonald’s restaurant in San Antonio, Texas, has announced it is offering free vaccine shots to children who swing by the restaurant, reports Amarillo.com . The purchase of a Happy Meal does not seem to be required, but that’s what McDonald’s markets to children it can manage to influence. Continue reading »
– McDonald’s Sales Rapidly Decline As Americans Reject Fake Food (Natural Society, Feb 11, 2015):
The impossible is happening: McDonald’s is quickly diving out of its stable stock position and into a world of financial hurt as citizens of the United States and elsewhere have decided they are completely done with the company’s frankenfoods.
The decision has hit McDonald’s so hard that its own CEO has even stepped down following the news of continued decline in the company’s most recent briefing. The world’s largest restaurant chain is frantically replacing its foundation in an attempt to recover, from removing its CFO and CEO to launching a new ‘trendy’ advertising campaign that premiered at the Super Bowl. Continue reading »
Apparently the food is as dead as those who eat it!
In an effort to show that highly processed foods are bad for you, a chiropractor in Michigan has kept a McDonald’s cheeseburger, french fries, and Taco Bell taco in the open air on her reception desk for two years, and basically nothing has happened to them. Have you ever seen a mummified cheeseburger? Well, you’re about to.
– Venezuela Runs Out Of French Fries As Default Fears Mount (ZeroHedge, Jan 7, 2014):
With Venezuelan bonds re-collapsing as belief in a 30c recovery floor fades rapidly (and hyperinflating Venezuelan stocks soar – whether oil prices are rising or falling), the people of Maduro’s socialist utopia have a new problem to contend with. After running out of toilet paper, and finding soap and shampoo hard to come by, AP reports Venezuela’s more than 100 McDonald’s franchises have run out of potatoes and are now serving alternatives like deep-fried arepa flatbreads or yuca, “because of the situation here; it’s a total debacle.”
– McDonalds Implodes, Reports Worst US Sales In Over A Decade (ZeroHedge, Dec 8, 2014):
For those, who are leery of seasonally-adjusted government data (showing soaring low-wage jobs offset by crashing employment in the energy sector and M&A synergies which mysteriously are never captured), or sentiment surveys and confidence polls (of Wall Street executives and government workers), here is the latest data from McDonalds. Showing the worst US comp store sales in nearly 12 years at -4.6%, one does wonder if following America’s inability to even pay for sub-$1 meals, mass starvation will follow?
Due to a lot of work that needs to be done & upcoming events (incl. visitors) I’ll be presenting the news to you in the following way up until around Dec. 4.
This way you’ll still get fully updated, whilst I save many, many, many hours of work on the website.
U.S. Foreign Policy
Source: Cagle Post
Back in March we reported of a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, “in a mysterious operation under the cover of night, Ukraine’s gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US.” Needless to say there was no official confirmation of any of this taking place, and in fact our report, in which we mused if the “price of Ukraine’s liberation” was the handover of its gold to the Fed at a time when Germany was actively seeking to repatriate its own physical gold located at the bedrock of the NY Fed, led to the usual mainstream media mockery. Until now. In an interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that “in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it’s just 1% of the gold reserves.”…
Out of California’s years-long litigation over reducing the population of prisons deemed unconstitutionally overcrowded by the U.S. Supreme Court in 2010, another obstacle to addressing the U.S. epidemic of mass incarceration has emerged: The utility of cheap prison labor.
Confused at just what Jonathan Gruber, friend (or not friend) of President Obama and Nancy Pelosi, said (and didn’t say)? Here is the two-minute idiot’s guide to the Obamacare architect (or not Obamacare architect)‘s controversial comments (and just who did and did not know him)…
If you like your Jon Gruber “brightest minds from academia, that I have stolen ideas from liberally”, you can keep your Jon Gruber…
US President Barack Obama has, for the first time, admitted he would deploy US ground troops to Syria and Iraq to fight Islamic State – that is, if the extremist group obtained a nuclear weapon.
“If we discovered that [Islamic State] had gotten possession of a nuclear weapon, and we had to run an operation to get it out of their hands, then, yes,” Obama told reporters at a news conference in Brisbane, Australia, on Sunday. “I would order it.”
The US has no plans to humiliate Russia, but instead wants to subdue it, Russian President Vladimir Putin has said, adding that no one had ever succeeded in doing so – and never will.
Speaking at a forum of the All-Russia Peoples’ Front in Moscow on Tuesday, the Russian leader said that history was not about to change, and that no one would manage to suppress the country.
“Throughout history no one has ever managed to do so toward Russia – and no one ever will,” Putin said.
H/t reader squodgy:
“Now, what shall we do with all this oil money….I know, let’s buy a zoo & shoot all the animals…..what fun that would be…….hey, we could even make even more people homeless and maybe even feed them to the animals.
40,000 Masai people will be evicted from their homeland in Tanzania, because the Dubai royal family has bought it with the intention of using it as a reserve to hunt big game. Last year, the Tanzanian government had resisted the purchase, proposing instead a “wildlife corridor” dedicated to hunting near the Serengeti national park. However, the deal will still reportedly go through, and the Masai will have to leave by the end of the year.…
As a side note: It is well known that radiation makes viruses (also harmful bacteria and other parasites) become more virulent:
– West Coast Scientists: Many animals on sea floor looking sick or dead — “Everything’s dying… Dead, dead, dead, and dead” — Experts investigate what’s killing sea urchins and cucumbers in Pacific Northwest — “Seeing things never previously observed” (PHOTOS):
National Geographic, Nov 17, 2014 (emphasis added): Urchins and cucumbers seemed to have escaped the ill effects of the virus until now. But in recent weeks, reports have started to come in that they too are dying along beaches in the Pacific Northwest, Hewson said… [He and his team are] studying the urchins and sea cucumbers that are already dying to see if the same killer is responsible.
– Experts: Seemingly benign virus on West Coast causing “ecological upheaval the likes of which we’ve never seen” — Very peculiar, different from all known viruses — Mutations could be helping it spread — Something may have recently caused it to go rogue… we’ve never seen anything like this — Why now, what changed to allow outbreak? (VIDEO):
NBC News (emphasis added): Scientists may have fingered the culprit responsible for a mysterious epidemic that has killed millions of starfish… the disease was a relatively common parvovirus found in invertebrates that rose to epidemic levels due to overpopulation, a genetic mutation or other unknown environmental factors.
PBS: Scientists… said it’s a virus that’s different from all other known viruses infecting marine organisms [and] don’t yet know what sparked the seemingly benign virus to transform into the perpetrator of what’s considered the largest marine disease outbreak ever…
Are you invested in Monsanto stock like Bill Gates, who owns hundreds of thousand of Monsanto shares worth about $23 million? It might be time to pull out since the company just reported over $156 million in losses for the fourth quarter.…
Still Plenty of Reasons NOT to Eat There…
As Kyle Bass once eloquently noted, the brevity of financial memory is about two years; and nowhere is that more clear than in the explosive resurgence of demand for new subprime-mortgage-backed products. As Scotsman Guide reports, some subprime lenders are reporting strong investor appetite for the once-reviled mortgage products (for borrowers with credit scores as low as 500 and with debt-to-income (DTI) ratios as high as 50 percent). “It’s out of control; it seems like there’s 10 times the amount of demand to buy this paper as there are borrowers that want the loans,” said one lender. As Bass may have also said “proceed with caution.”
You are the most undeserving Nobel Peace Prize winner since the odious, war-mongering Henry Kissinger. What company you keep! We were delusional dupes for giving the Peace Prize to him and you both. That is all. Now, back to “Lilyhammer.”
The Norwegian Nobel Committee
Drammensveien 19 NO-0255 OSLO
Those guidelines apply only to the law enforcement agencies overseen by the Justice Department. Within the Treasury Department, undercover agents at the I.R.S., for example, appear to have far more latitude than do those at many other agencies. I.R.S. rules say that, with prior approval, “an undercover employee or cooperating private individual may pose as an attorney, physician, clergyman or member of the news media.”
Across the federal government, undercover work has become common enough that undercover agents sometimes find themselves investigating a supposed criminal who turns out to be someone from a different agency, law enforcement officials said. In a few situations, agents have even drawn their weapons on each other before realizing that both worked for the federal government.
– From the New York Times article: More Federal Agencies Are Using Undercover Operations
While the general population is aware something is seriously wrong, people remain extremely confused about the root of the problem. This is because what’s happening all around us isn’t socialism and it isn’t free market capitalism. It is actually a return to something much more ancient and much more oppressive. It is a return to serfdom, neo-fedualism and oligarchy.
Attempting to explain this reality to people is the primary focus of my life at the moment. It’s incredibly difficult to do, because stories spun by mainstream media and other vested interests convince the gullible population to fight amongst themselves in petty, meaningless narratives.
Economists, Military Strategists and Others Warned Us … Long Ago
In a nation in which 1 out of every 3 homes is unaffordable, you’d think the primary goal of public policy wouldn’t be to ensure real estate becomes even more out of reach for the average citizen. However, we live in a country in which policy isn’t being driven by logic and what’s in the best interest of “the people,” rather, we live in an neo-feudalistic society in which policy is being driven by what is best for a handful of white-collar criminals.
As Hilary Clinton starts to ponder the curtains she wants to hang in the Oval Office, there is only one person who can realistically stand in her way: Rand Paul.…
The most snow this early in the year on record.
At least 17 people have died in the cold weather since Saturday.…
Greatest snow-cover on record for this time of year. More typical of late December or early January.
And record-breaking snow in Kentucky.
While we no longer live in a world in which debt matters – because central banks will just monetize it in their ongoing and no longer covert effort to reflate the final bubble – and thus debt ratings are an irrelevant anachronism from a bygone era, we can’t help but recall a certain statement by S&P from September of last year, in which the rating agency reminded everyone just why Japan has to proceed with both its first sales tax hike from 5% to 8%, (which, together with weather, has now been blamed on Japan’s shocking quadruple-dip recession), but also the follow up from 8% to 10%, which as we now know, has been delayed indefinitely, and which was supposed to prefund welfare spending for Japan’s demographic disaster which with every passing day gets closer and closer.…
Since Ben Bernanke reminded the world of the existence of government printing-presses, echoed Milton Friedman’s “helicopter drop” solution to fighting deflation, and decried Japan for not being as insane as it could be… it has only been a matter of time before some global central bank decided that the dropping of cash onto the populace was the key to economic recovery. Having blown their wad on QQE (and been left with a triple-dip recession), it appears Japan has reached that limit. As Japan’s News47 reports, Prime Minister Shinzo Abe has instructed his cabinet to develop economic measures such as handing out ‘gift certificates’ to the poor to “support personal consumption directly.”…
H/t reader squodgy:
“Here is one tale of how the Reypothecation might have taken place.
Of course, bankers, being honest, and politicians never lying, mixed with zionist israelis could never meld into planning and executing the biggest heist ever, under the guise of a false Arab terror plot whilst killing 3000 innocent Gentiles , just Gentiles (3000 jews were told not to turn up for work on 9/11) resulting in total surveillance of all the other gentiles on the planet carried out in the main by mossad connected security companies.
Also, isn’t it pure coincidence that the security at the Fukushima plant was also under the control of a mossad connected security firm..
Don’t miss: – http://cryptome.org/eyeball/gold-vault/gold-vault-frbny.htm:
The gold vault in the Federal Reserve Bank New York is reportedly the largest gold depository in the world. Yet compared to other major gold vaults, such as the one at Fort Knox, it appears lightly secured. There are one or two guards at the loading dock which connects to the vault. Because the building is located in a dense urban area, its walls and entrances abut sidewalks without security barriers like those at other bullion depositories. The site of the building slopes such that the topmost levels of fve basements where the vaults are located directly adjoins two streets, albeit there are reinforced concrete walls with steel face plates as well as interior alarm systems protecting the hoard. (See note below on basement levels and wall thicknesses.)
Copies of the original 1922 construction drawings of the facility, publicly available at Avery Architectural Library, Columbia University, were obtained by Cryptome. A floor plan of a vault level is provided below.
Janet Yellen will be pleased… or not. Producer Price Inflation printed hotter than expected across all its various incarnations (good news, no deflation; bad news, no deflation excuse for The Fed). Ex Food-and-Energy prices rose 1.8% YoY (4-month highs), considerably more than the 1.5% expectations but surged 0.4% MoM – the most in 16 months. PPI Final Demand rose 1.5% YoY (1.3% exp). The rise in PPI appears driven by Food prices which are up 1.0% (the most since April) and Trade PPI (+1.5%) thanks to a 26.1% jump in margins for fuels and lubricants retailing (under new calculation methods) accounted for nearly 40% of the rise in final demand.#
“My premise hasn’t really changed since I published my paper explaining why I had become more constructive towards risk assets this time last year. That is to say, the structural deficiency of global demand continues to radicalise the central banking community. I believe they are terrified: the system is so leveraged and vulnerable to potentially systemic price reversals that the monetary authorities find themselves beholden to long only investors and obliged to support asset prices. However, I clearly confused everyone with my choice of language. What I should have said is that investors are perhaps misconstruing rising equity prices as a traditional bull market spurred on by revenue and earnings growth, and becoming fearful of a reversal, when instead the persistent upwards drift in stock markets is more a reflection of the steady erosion of the soundness of the global monetary system and therefore the rise in stock prices is something that is likely to prevail for some time.”
Journalist Zebula “Sha” Hebert has been “shot at, stabbed, pepper sprayed, maced, tear-gassed, tased, arrested, detained, beaten, and interrogated” while conducting his work. He knows what repression feels like, which is why he is undertaking a highly ambitious project: in the wake of the recent US-backed Israeli assault, Hebert will return to Palestine and spend a year in Gaza. He will conduct interviews with Gazans, publish reports, and ultimately write a book about his findings and experiences, all to help amplify the voices of a trapped refugee population being brutalized by the world’s most powerful aggressors.
Hebert conducted an interview with Robert Barsocchini for Washington’s Blog, to elucidate and spread the word about his upcoming journalistic endeavor:
Indonesia’s practice of subjecting would-be female police officers to ‘virginity tests’ is “discriminatory and a form of gender-based violence,” that has to be stopped, Human Rights Watch says.
The Russian FM known for his impeccable diplomatic skills, brightened the mood of the media conference held in Moscow after meeting with the German foreign minister. Both diplomats chuckled at the joke that was addressed to RT.
In my opinion another test of advanced technology (that will be used in the future against the people to make them accept the NWO):
An extraordinary bright orange flash has lit up the sky in Russia’s Sverdlovsk region in the Urals. While locals captured the massive ‘blast’ on numerous cameras, both scientists and emergency services still struggle to explain the unusual event.
Former U.S. Secretary of State Henry Kissinger says in an interview with Der Spiegel that there currently is an urgent need for a new world order, but its coming into being will be long and complicated. “There is the Chinese view, the Islamic view, the Western view and, to some extent, the Russian view. And they really are not always compatible,” he warns, adding that introducing anti-Russian sanctions was a mistake. He added that Ukraine should not hope to become a member of NATO in the foreseeable future, as the alliance will never vote unanimously for the accession of Ukraine.
– Game 8 – 2014 World Chess Championship – Viswanathan Anand vs Magnus Carlsen:
Reader squodgy sent this to me:
“Spotted in Canada”
Tags: Banking, Barack Obama, Bonds, China, Collapse, Debt, Economy, Environment, EU, Europe, Fed, Federal Reserve, Food, Fukushima, Genetically Modified Organisms, Global News, GMO, Gold, Government, Health, Israel, Japan, McDonald's, Military, Monsanto, New World Order, Nuclear, Nuclear reactors, Obama administration, Politics, Radiation, Russia, Science, Society, Stock Market, Technology, Terrorism, U.S., Ukraine, Wall Street
– McDonalds Sales Plunge In Worst Month Since 2003 Following Dollar Meal “Sticker Shock” (ZeroHedge, Oct 21, 2014):
Moments ago, McDonalds not only released earnings and revenues, both of which missed – something which was largely expected since the backward looking data had been telegraphed by MCD’s recent global selling collapse – blanketed by atrocious commentary, but it disclosed its September global retail sales which were for lack of a better word, a disaster, after reporting global sales which dropped 3.8%, below the 3.2% expected, and the worst global month since at least 2003. The pain was everywhere, with Europe plunging 4.2% (est -0.9%), Asia down 7.5%, and the US down a whopping 4.1%, far below the 2.8% expected, and also the worst month in over a decade.…
– Chart Of The Day: McDonalds Has Worst Month In A Decade (ZeroHedge, Sep 9, 2014):
Whether because eaters around the world and in the US would rather eat even fattier, more expensive, more calorific equivalents such as MCD-spinoff Chipotle, or because the global consumer/eater can not even afford the cheapest form of a dollar meal, is unknown, but what is quite clear is that the company which was once the bellwether of the US commodity eater, McDonalds, just reported global comp store sales which saw a decline of -3.7% from a year ago, its worst monthly print in a decade!
This was driven in big part by the US where comparable sales declined by 2.8% in August and have not posted a positive monthly print since December, but mostly due to Asia where as a result of the ongoing fast-food scare, comp store sales cratered by a record 14.5%. If indeed this is part of a secular shift away from made in the US fast food, and if this too is as a result of an Edwards Snowden-predicated backlash against all that is US, then Asians truly owe the NSA whistleblower: they just added some 10 years to their average life expectancy.
– Four Moscow McDonalds shut by Russian consumer watchdog (RT, Aug 20, 2014):
Russia’s consumer watchdog has shut down four McDonald’s restaurants in central Moscow – including the first-ever outlet in the country – over “administrative violations.” More of the company 430 Russian franchises are under investigation.
– The “Recovery” In One Chart: When Americans Can’t Even Afford To Buy McDonalds For 9 Months In A Row (ZeroHedge, Aug 8, 2014):
There is endless propaganda… and then there are McDonalds sales.
It is the latter that is by far the best indicator of how the US economy is progressing when stripped of all the bullshit seasonal adjustments, rhetoric and lies from the administration which focus on what is a glowing recovery, for the 1%. As for everyone else, they can’t even afford a dollar meal.
The proof? McDonalds same store sales for the last month, July, cratered by 2.5%, far worse than the 1.1% expected driven by a 7.3% collapse in Asian sales, but the number we focus on, US comp store sales, was a devastating 3.2%, on par with the worst decline in history, and the 9th consecutive month in which McDonalds has not posted an increase in US same store sales.
Here is your recovery:
– China Meat Scandal Spreads: McDonald’s Japan Slashes Guidance (ZeroHedge, July 29, 2014):
We warned last week that the scandal over Chinese meat supplier OSI was spreading (and Asians were increasingly shunning western fast-food restaurants) and now, as The FT reports, McDonald’s Japan has pulled its full-year profit guidance on the back of falling sales. It had previously forecast sales of $2.45bn for the year to December but warned it could not commit to new targets as it was too soon to estimate the scandal’s full impact.
Added: Jun 30, 2014