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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

McDonald's Laughs at Recession

During the Great Depression, Americans flocked to the movies to forget their troubles.

During these troubled times, Americans are drowning their sorrows in . . .Big Macs?

McDonald's, the world's No. 1 burger-maker, appears to be running a recession-proof business.

Global October same-store sales surged 8.2 percent compared to last October, beating the company's own estimates.

In the United States, October same-store sales rose 5.3 percent. And remember how bad last month was -- October was one of the worst months ever for Wall Street and Main Street.

McDonald's said the October prosperity came from sales of its Southern-style chicken sandwich and breakfast foods.

In trading this morning, shares of McDonald's are trading up 2.6 percent at about $57 per share.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 10, 2008; 1:11 PM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Kashkari: Financial System Still 'Fragile'
Next: Forecast: Unemployment To Hit 8.5 Percent By Next Year

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