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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    This Is The Shocking Truth About How Bad The Economy Really Is In The United States

    Lobo
    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12
    • Post n°1

    This Is The Shocking Truth About How Bad The Economy Really Is In The United States Empty This Is The Shocking Truth About How Bad The Economy Really Is In The United States

    Post by Lobo Wed 19 Oct 2016, 5:58 pm

    This Is The Shocking Truth About How Bad The Economy Really Is In The United States
    October 19, 2016
    This Is The Shocking Truth About How Bad The Economy Really Is In The United States KWN-Celente-IV-10202016-864x400_c
    With continued uncertainty in global markets, this is the shocking truth about how bad the economy really is in the United States.
    (King World News) Gerald Celente — Across America, from established restaurant chains to upstarts, bankruptcies are rising, locations are closings and profit margins are shrinking…

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    This Is The Shocking Truth About How Bad The Economy Really Is In The United States KWN-Russell-II-6102015As noted in Monday’s Wall Street Journal:
    “In just one recent week alone, three restaurant companies filed for Chapter 11 bankruptcy protection… at least five other restaurant operators have filed for court protection this year” and “some chains have been closing locations and shaking up management.”
    Is an oversupply of restaurants responsible for the downtrend, or are soft sales a harbinger of economic danger ahead?
    This Is The Shocking Truth About How Bad The Economy Really Is In The United States KWN-Celente-I-9212016 Starbuck’s CEO Warns…
    Not according to Starbucks CEO Howard Schultz, who blamed declines in customer traffic and the industry slowdown on more than “just an economic downturn.” Schultz claimed the “profound weakening in consumer confidence” and “very uncertain election, you have domestic civil unrest with regard to race, and I think the issues around terror have created a level of anxiety.”
    Also blaming the race for the White House as a reason people were buying fewer burgers and fries, Wendy’s CEO Todd Penegor recently said, “…when a consumer is a little uncertain around their future and really trying to figure out what this election cycle really means to them, they’re not as apt to spend as freely as they might have even just a couple of quarters ago.”
    [size=32]Restaurant Performance Index Now In Free-Fall Decline[/size]
    This Is The Shocking Truth About How Bad The Economy Really Is In The United States KWN-Celente-III-10202016  During the company’s third-quarter earnings call, Yum! Brands CEO Greg Creed said, “It goes without saying that people are trying to decide who to choose and what the impact will be on the economy, and I think people are maybe just hunkering down a little bit.”
    Popeyes CFO William Matt attributed the restaurant downturn to “a little more uncertainty with the consumer” and “we think there is a rather unusual election going on and we think that unusual election is causing some uncertainty.”
    This Is The Shocking Truth About How Bad The Economy Really Is In The United States KWN-Celente-II-10192016McDonald’s CEO Also Warns…
    Echoing the refrain, Stephen Easterbrook, McDonald’s CEO, said, “Whether through elections or through global events, people are slightly mindful of an unsettled world. When families are uncertain, caution starts to prevail, and they start to hold back.”
    Restaurant CEOs also attribute meal-kit delivery services, low food prices at grocery stores that have more people cooking at home and accelerated buying of prepared meals available at supermarkets and convenience stores for eating into profits.
    Trend Forecast:
    “It’s the economy, stupid,” not the presidential elections or consumer uncertainty, that’s keeping people from eating out. According to research company NPD Group, 18 to 35 year olds, once the largest group of restaurant customers, are cutting back.
    This Is The Shocking Truth About How Bad The Economy Really Is In The United States KWN-Celente-IV-10202016Americans Are Drowning In Debt
    Indeed, a generation saddled with $1.3 trillion in college debt, working low-paying jobs or no jobs at all, and living with their parents in record numbers because they can’t afford to live on their own… along with 51 percent of working Americans earning less than $30,000 per year, 35 percent having debt at least 180 days past due, and 70 percent having less than $1,000 in savings… eating out is not an option, it’s a luxury! More than a restaurant recession, it is a precursor of a national recession.
    http://kingworldnews.com/gerald-celente-this-is-the-shocking-truth-about-how-bad-the-economy-is-in-the-united-states/
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