Im going make a prediction based on corporate greed and the neo-capitalism that now exists in this country. Let me first provide you with some context and then a brief economics lesson. This week, Vladimir #Putin, in an attempt [one presumes] to retaliate against the West (i.e. Europe, America, and Norway), has frozen many imports from these countries for a term of one year. Among these imports are American chickens. Russia was the second largest importer of American #chicken. The chicken producers in America will now have a surplus of chickens that need a market. Econ 101: when a surplus of goods is realized prices are cut to sell-off this surplus quickly, especially when the goods are perishable. Now this would be the logical step so that the chicken producers of America can unload their product without taking a huge hit from losing one of their best customers. This leads me to my prediction. I predict we will see no such change in price, and possible the contrary, as chicken prices go up so the industry can recoup its losses. Welcome to American #greed ladies and gentleman. I really want to be wrong here, but something tells me not to hold my breath.
Posted on: Fri, 08 Aug 2014 18:03:56 +0000
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