Strategic Resources Group Managing Drector Burt Flickinger discusses how inflation in the retail industry is signaling a potential recession soon.
It is troubling, Maria, because to your point, you've go to 16.6% this year versus the 10.6, the reference the cost of every return is $33 on a $50 item, the profit out of $50 items, only $1.
So the retailers are losing a fortune. So that means higher prices and lower standards of living for consumers. And that with the McDonald's news, today is a harbinger of the recession coming more quickly around the corner.
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