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Thursday, June 14, 2007
 
You may be in a bubble if...

Signs of the economic times - our first global bubble?
If Hirst designed a vegetable display, it would look like the shop window at the just-opened Whole Foods Market Inc. branch in Kensington, one of London's ritziest shopping areas. Analysts at JPMorgan Chase & Co. calculate that Kensington could contribute as much as 1.8 percent of the food retailer's total sales. Whole Foods said last month that second-quarter revenue was $1.46 billion.

It's a food-porn cathedral dedicated to organic this, natural that and locally produced the other. On a Monday afternoon, the place was packed with gym-buffed yummy mummies driving designer pushchairs and doing battle in the produce- crammed aisles with trolley-dragging wealthy retirees.

The zeitgeist-defining product among the free-range bananas, organic spring water and corn-fed soup is a 60-year-old Vecchia Dispensa balsamic vinegar, costing almost $200 for a triangular 100 milliliter bottle stoppered with red wax seals.

You know there's a bubble when an overgrown U.S. chain store can sell antique vinegar to Britons at 32 times the price of Nicolas Feuillatte champagne. [More - check out how kids are getting to summer camp these days]

Try as I might, I cannot wrap my mind around the staggering wealth growth in the world, and especially our own country. Sometimes anecdotes help to get a perspective, but mostly I think I've dropped out of the mainstream.

Or I'm just clueless.

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Comments:
I know free range chickens and free range beff but what in the world is Free Range Bannanas?
 
dave:

I boggled at the same phrase. Shows how far these things have gone when you can't be sure it's a joke.
 
I still marvel when I go to our local grocery chain store and see "Brown Shelled Eggs" selling for more than "White Shelled Eggs". It has been a while since Poultry 101, but i do know there is no nutritional difference!
 
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Name: John Phipps
Location: Chrisman, Illinois, United States

Jan and I farm 1700 acres near Chrisman, IL. I have also written humor and commentary for Farm Journal and Top Producer for 13 years. Please visit my website (www.johnwphipps.com) to learn about my speaking services for your group's next meeting.

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