JUST IN: CEO of McDonald's says we're now living in "a two-tier economy." " If you're upper income earning over $100,000 things are good, stock markets are near all time highs. What we see with middle and lower income consumers is actually a different story." When the CEO of McDonald’s tells you the middle class is screwed, believe him. He sells to them daily.
@FluentInFinance Two-tier economy is right—question is, how long can the market keep levitating while half the consumer base weakens?
@FluentInFinance You can thank the Fed. Printing endless amounts of money since Covid has pumped up the stock market and real estate, while doubling the cost of everything.
@FluentInFinance 100k is middle class. He should have said over 200k combined income, which I would press is really closer to 250k+.
@FluentInFinance Middle class won’t be staying middle class long, if they’re spending $10 on two McMuffins & a coffee, rather than $4.25 for a dozen eggs, and enough other things for $5 to make several heals at home. Takes time I know
Taxes and inflation have risen far beyond any wage growth the middle class has experienced...further pressuring buying power. For those in the market, I've never seen such a manipulated market ever...the algos are slaughtering options players...while also keeping the indexes flat while the institutions sell billions per week.
@FluentInFinance McDonald’s has a better read on the middle class than half of Wall Street.
@FluentInFinance He’s hiding the TRUTH! People know what a scam McDonald’s is and no longer spend money there. McDonald’s “food” isn’t food. I would Short their stock. It’s going to fail.
@FluentInFinance When even McDonald’s admits the middle class is collapsing, you know the illusion is gone. The empire is eating its own customers.
@FluentInFinance CEO of McDonalds thinks 100k is upper income?
@FluentInFinance McDonalds has reached its limit of extortion.
@FluentInFinance He didn’t say anything about the fucking prices at McDonalds have dam near doubled that could be the reason 😂🤷🏼♂️
@FluentInFinance It’s genuinely getting so bad most people are barely making ends meet
@FluentInFinance “Only 18% of US individuals earn more than $100,000” —Fortune
@FluentInFinance “Only 18% of US individuals earn more than $100,000” —Fortune
@FluentInFinance There’s a reason why the stock market is still high. If it tanks, the DEBT to GDP would collapse the bond market since inflating the asset is keeping the debt in check.
@FluentInFinance I went out last night, and the herd was thin every place I went. It had rained earlier, but maybe consumers are feeling the pinch. Crowds were light.
“We have tacitly abandoned certain public spaces to the most disordered and depraved among us because enforcing the law feels mean and makes us uncomfortable,” writes @katrosenfield.
@FluentInFinance Interesting how this admission comes from someone whose company primarily employs and serves the very people he's describing as struggling.
@FluentInFinance Maybe they’re just realizing that McDonalds isn’t real food.
@FluentInFinance Is 100k the barometer between a good life in America or bad times?
@FluentInFinance Things are not good over $100k. Maybe they are ok north of $300k but certainly not $100k.
@FluentInFinance It's true. For many families, high inflation and rising costs make it hard to feel the ‘booming economy’ the stock market shows.
@FluentInFinance I member when hash brown was 2 for a dollar. 1 was 4.39 last week
@FluentInFinance interesting signal! mcdonald’s probably has one of the best real-time barometers on middle class stress. do you think policymakers take consumer data from companies like this seriously enough?
@FluentInFinance Owners of nicer restaurants will tell you the same thing. High unemployment atmosphere among the white collar workers with the cost of essentials going up squeezes disposable income crowd too
@FluentInFinance At some point, Revolution will occur Madam DeFarge has entered the convo.
@FluentInFinance did he actually pay somebody for that haircut??
OpenAI is preparing to release ChatGPT 'agents' that could threaten Microsoft Excel and PowerPoint.
@FluentInFinance People are skipping meals but growing in size.
@FluentInFinance He is not wrong but $100k is not the mark.. maybe for a single person…it’s more like 200k
@FluentInFinance Stock market isn’t even close to being done in its skyrocketing value- it also has very little due to true economic growth and almost everything to due with devaluation trickling in
@FluentInFinance 100k in New York City metro is called just getting by barely
@FluentInFinance McDonald's increases prices regularly and at the same time, decreases portions too.
@FluentInFinance Frontline businesses often see economic truths first.
@FluentInFinance When a breakfast sandwich is almost $5, people start to realize the convenience isn’t worth it. Take 10 minutes and make breakfast at home.