But Costco's coming up predicting recessions around the corner.

And the reason why they're predicting recessions around the corner is based on one buying

habit that you and I have.

And you know what the buying habit is?

Let me read it to you.

By the way, not just in the current recession or concern for recession.

Historically, we've always seen some like within fresh protein we've seen.

We've always seen when there's a recession, whether it was 99, 2009, 2009, 08, 10,

we would see some sales penetration shift from beef to poultry and pork.

And we have seen some of that now.

I think anecdotally, I heard a few months ago from our head of food and sundrys buyer that we saw some switch

even to some canned products like canned chicken and canned tuna and things like that.

This is Costco CFO Richard Galante saying the fact that we are not buying enough beef

and we're going to chicken and pork.

Tom, do you agree with what they're saying here on the fact that we may be in the beginning of a possible recession?

Well, I think possibly.

And Costco would know because these things are shifting.

And I think there was a comment that was made by the McDonald's CEO last year when he wasn't inventing new burgers and having videos

that criticize him for the way he bit a burger. He was talking about that people were leaving

fast casual like Applebee's Red Robin and Chili's, which cost this much for lunch and coming

back to McDonald's. So there was things that happened there that you see the trends.

What's interesting here, we have to remember that beef was up 17.6% that I found it earlier this year.

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