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Mcdonalds is in some respects the world's largest, at least most globally present, successful, and efficient corporation. If they must raise their prices, then it acts as a far greater signifier of inflation than anything else. what waffle house is to fema, mcdonalds is to wall street- 72% of stock ownership is by corporate institutions, with the stock forming a major component of the backbone of all three of the nation's largest hedge funds.
The market cap of mcdonalds is $218.82 billion dollars, and the sale volume each year is only 10 billion dollars. if big clown goes down, which it could, not only will i be unable to get nuggies and mcchickens, but in theory, it could drag the rest of the economy with it.
The only necessity is that mcdonalds be able to continue to report some profit, and that it continue to make a healthy amount of sales, in order to serve as a quorum signal for the health of the consumer market overall. And it wont be able to do that at this rate.
Not only mcdonalds, but now I am hearing stories from my africans about how there are $4 one piece chicken combos at fine chicken dining establishments.
This is weimer republic levels of inflation.
