Hershey has put its corporate finger on an increasingly bedeviled American economic reality where businesses are confronted with this “bifurcation”: Selling to those few who benefited from the Fed’s monetary policies and the asset bubbles these policies have engendered; and trying to sell to the middle class whose stagnant incomes are being eaten up by the soaring costs of housing (result of Housing Bubble 2), healthcare, college, cars, and a million other things. These people have gone into debt to keep their head above water and thus have become the over-indebted modern-day proletariat that lives from paycheck to paycheck, without savings or emergency funds, struggling to make ends meet, and they simply have trouble spending money they don’t have. And businesses are now catching the drift: it’s going to be tough out there in this Fed-engineered economy.
Source: Chilling Thing Hershey Just Said About American Consumers | Wolf Street
The current state of our world economy explained in simple terms a child could understand: Chocolate sales.
