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Apparently, recession warnings come with your Costco membership! Because Costco just said something we should all be concerned about on a recent call. As one of the largest retailers in the world, Costco has an innate advantage to see trends happening in real time. Costco's CFO has said on a call that they're seeing people shift away from more expensive proteins to cheaper ones. What does that look like at Costco? People are moving away from beef to chicken, chicken to canned tuna. When Costco sees these trends, they acknowledge that consumers are under tremendous financial pressure. Previous times they saw these trends? 1999 to 2000 and 2008 to 2010. Costco understands that when wallets get squeezed, people don't stop eating, they just calculate every single meal. And honestly, it says a lot about America's largest retailer when they can track Americans' economic anxiety through the meat section! So when people debate whether or not we're in a recession, ordinary people say, 'I don't know what the charts say, but I'm switching from steak to canned soup!'