"Switching To Canned Chicken" - Costco Drops A BOMBSHELL Recession Prediction

Costco's CFO, Richard Galanti, is predicting a recession based on shifting consumer buying habits. Historically, during recessions, there's a shift from beef to more affordable proteins like poultry and pork. This trend is currently being observed, with some consumers even opting for canned chicken and tuna. This aligns with a comment from the McDonald's CEO about people moving from fast-casual restaurants to McDonald's due to cost. While beef prices were up 17.6% earlier this year due to low supply, this shift indicates consumers are struggling with the cumulative impact of inflation and stagnant wages. People are looking to conserve their home budgets, especially with rising fuel costs. However, the technical definition of a recession, two consecutive quarters of negative GDP, has not yet been met. Another informal indicator, the "stripper index," which tracks discretionary income, suggests the economy hasn't taken a significant hit yet, as strippers reportedly haven't seen a drastic drop in earnings. The hosts also promote a survey, encouraging viewers to text "PBD" to 310-341-1132 to receive the seven-page report detailing audience demographics. They also remind viewers about a $25 gift card and promote military-themed merchandise on vtmerch.com.