Economic Old Age, Part 2: Mickey D’s Awesome Goose Egg

The casino opened a bit jiggy yesterday (it didn’t last) on month-end window dressing and the alleged “blow-out” earnings of another Dow component. This time it was McDonald’s, which posted a sizzling “adjusted” earnings gain of 22%. Except there was absolutely nothing to all the ballyhoo. Sales actually decreased by 9% versus the year ago quarter, and save […]
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