The Coming Recession, Predicted by McDonald’s
On August 4, 2006, McDonald’s Corporation (MCD) closed the day at $35.41 per share. It was a respectable performance for the fast food giant; known for cheap, quick meals, McDonald’s had struggled in the 2000s during a time when consumers began looking at better options. They had a little cash in their pocket and it was an era of conspicuous consumption, when buying something a … Continue reading The Coming Recession, Predicted by McDonald’s