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arnold Is Being Negative – The Ecomomy Is Not Strong, Economic Forecasting

By Administrator ~ April 22nd, 2014

Hi,

 

Today McDonald's reported earnings and guess what? Same store sales in the United states were down over 1%. The "analysts" are stating that this is due to more customers buying the $1 menu. Maybe, but this does not indicate to arnold a strong economy. Besides, arnold hadn't been to a McDonalds in years except for a getting ice tea one day and arnold was shocked (shocked I tell you, shocked) that a quarter pound with cheese was $4.99. That was truly a surprise. You can get a 10 ounce burger with fries at Ruth's Chris during happy hour for $7! Go know!

 

Sales for most of America's major retailers are not really rising. Contrary to what the media and Wall Street analysts say, this does not indicate a strong economy. Using McDonald's as an example, with same store sales down almost 2% and a stated inflation rate of about 2%, this indicates a real decline in sales of a least 4%. This is not growth and is indicative of a stalled economy.

 

arnold is being negative again. This is the refrain from many of my long time readers. This is not negative; it is fact. The McDonald's numbers were reported today. You may go to CNBC.com or finance.yahoo.com and confirm the information. These are the facts. What is more startling is that McDonald's stock which is about $90 per share will probably be up or down $1 today.

 

The DJIA still looks to be rising to plus or minus 17000.

Gold should still reach $1550 plus or minus.

Oil is now about $105 and could still reach $125.

The dollar is still at the bottom of its trading range.

Interest rates have risen only slightly to 2.72% on the 10 year Treasury.

Real estate pricing is clearly topping, the monthly price increases in many markets exceed prior multi-year increases.

The economy as shown above continues to look weak.

 

Arnold

 

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