Quote of the Day

July 16, 2015
McDonald's franchisees have never been this depressed

"Corporate has no answers," one respondent said. "They are throwing ideas at the wall hoping something will stick. Their collective arrogance has come home to roost."

Don't hold back. Tell us what you really think, lol. Sigh.

1. ZIRP creates new restaurants through "cheap" borrowing.
2. New restaurants hire new workers. Hurray!
3. Restaurant competition increases.
4. Old restaurants struggle.
5. Old restaurants eventually close.
6. Old restaurants eventually lay off old workers.
7. Investors suddenly realize that the Fed has not permanently put an end to recessions.

Perhaps someone could explain the flaw in my business cycle reasoning? Please. I'd like to be wrong here. Seriously.