Thu Apr 21, 2011 1:21pm EDT
McDonald's now expects food costs to rise between 4 percent and 4.5 percent in the United States and Europe this year. That is up from its prior call for a rise of 2 percent to 2.5 percent in the United States and an increase of 3.5 percent to 4.5 percent in Europe. [ID:nN24223102]. LINK...
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Hey, I know a lot of people that enjoy their morning coffee at McDonald's. Now the trip to McDonald's costs more because gas prices are up and coffee is higher too? This isn't what many planned for in their retirement? Yet many say inflation is less than 2%, I wish? The chart below shows the USDX (US dollar index) value since 1981 and it doesn't look good folks? Don't forget, inflation is the result of a currency losing value and as the chart shows, the USD has lost a LOT of value, along with every other currency in the world when measured against gold. Prepare for the worst and hope for the best is our strategy. BK
From: http://jessescrossroadscafe.blogspot.com/
