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Rise In Bacon Prices A Squealing Good Sign For The Economy
It may be disheartening that the price for a pint of beer in Europe has risen to $ 6.30 due to harvest issues and a Russian wheat crisis, reports the London Telegraph. But here's something to really take the sizzle out of your day: bacon prices are stampeding onward and upward. According to CNBC, bacon is at the moment 20 percent more expensive than it was a year ago. While grease-loving foodies who may need pay day loans before their next quick cash aren't in hog heaven over this sorrowful state of swine affairs, researchers claim this is really a good sign for the U.S. economy.
$ 4 per pound is the price of good ole bacon
The Department of Agriculture has given their opinion on the situation. It feels the rise in price is because there is a supply-and-demand curve that has to be met. There's a shortage of pork bellies, as pig farms have trimmed their herds during the recession. Tomatoes are in season meaning more individuals are wanting BLTs, which needs bacon of course. Bacon is something needed for BLTs. Those are hot in demand with the tomato season going strong. The National Review has gone so far as to call this culinary conundrum "Obama's Next Crisis."
One man's crisis, an additional man's baby steps to recovery
The National Review, in its swine sorrow, has failed to see the silver lining. Bacon is considered to be a luxury item. If more individuals are buying it, then more individuals are feeling comfortable to buy luxury items. Luxury items are only bought when individuals feel comfortable. This means the economy is likely to get much better. Rich Nelson of market research firm Allendale, Inc. said that "They may not be buying steak rather than hamburger, but they will put bacon on their hamburger or other things." Restaurants know this, so bacon is often a newly featured item on tried-and-true recipes.
More fattened through demand
Pig farmers have gotten more hogs because of the demand. Nelson speculates that by mid-2011, bacon prices will begin to drift down. More generic brands of bacon are going to be bought meaning fattier bacon with less meat to cook after losing this fat. As outlined by Jason Mosely of Mr. Baconpants, "Your BLT deserves the best bacon you can afford!" although most know the economy must be recovering as a result of greatness of bacon, including CNBC's Heather Lauer. International Bacon Day lies on September fourth and could be celebrated patriotically hopefully. Really and truly, it is.
Additional reading
CNBC
cnbc.com/id/38725523/
The only problem with bacon is that it makes you thirsty… for more bacon.
youtube.com/watch?v=CaK9bjLy3v4
Sunday alcohol sales starting in Lexington (The State)
Shoppers can add bottles of wine and six-packs of beer to their carts on
Sundays in the town of Lexington, possibly as soon as this weekend.
Town Council unanimously gave the go-ahead Monday to the sales, after voters
approved the step nearly 3-to-1 in a Nov. 8 referendum.
Lexington joins Irmo as the only areas in Lexington County where Sunday sales
are allowed.
Repeal of the ban came without organized opposition.
Its disappearance is another sign of the impact of the influx of newcomers who
are used to being able to buy wine and beer elsewhere whenever they like, said
local historian Horace Harmon.
GTFO My Deck... - Blue Moon Beer Sign
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