What Are Starbuck's, McDonalds and UPS Telling Us About the Economy? [View article]
Yep, consumers are definetly scaling back.
Although the fear of a systemic financial collapse has subsided (reflected in higher bond yields and stock in-flows) I don't think the market has priced in the pain to come from lack luster retail sales, rising unemployment and rising food and energy prices.
What Are Starbuck's, McDonalds and UPS Telling Us About the Economy? [View article]
Although the fear of a systemic financial collapse has subsided (reflected in higher bond yields and stock in-flows) I don't think the market has priced in the pain to come from lack luster retail sales, rising unemployment and rising food and energy prices.