from King World News
With continued uncertainty in global markets, this is the shocking truth about how bad the economy really is in the United States.
(King World News) Gerald Celente — Across America, from established restaurant chains to upstarts, bankruptcies are rising, locations are closings and profit margins are shrinking…
[…] As noted in Monday’s Wall Street Journal:
“In just one recent week alone, three restaurant companies filed for Chapter 11 bankruptcy protection… at least five other restaurant operators have filed for court protection this year” and “some chains have been closing locations and shaking up management.”
Is an oversupply of restaurants responsible for the downtrend, or are soft sales a harbinger of economic danger ahead?