Corporate Earnings: What Are They Telling Us (MCD, AMZN, KO)

If you look at a lot of the evidence coming out of corporate america in the past week, you can see that the consumer is in fact struggling. Look at some of the big companies that reported earnings in the past week. Those that deal with average americans are showing a big drop in their earnings. Look at what happened with McDonalds (MCD).

Related stocks: Amazon (AMZN), The Coca-Cola Co. (KO), McDonalds (MCD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.