Year over year domestic July sales for McDonald's Corporation declined 3.2%, which is the ninth month in a row for declining same store sales. (See the following chart.) If Americans are spending less on food, what else are they not buying? This does not portend well for the economy. But, then again, for those of you that I have been following my blog, you already do that the economy is in the "tank" in spite of what the Wall Street pundits are saying.
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