Thanksgiving Inflation: 11%

"A Thanksgiving Day turkey dinner with side dishes and dessert will be 11% more expensive this year, the biggest annual increase since 1990, because of depleted frozen-turkey supplies and rising energy prices.

The average cost of 12 items typically served during the Nov. 22 holiday in the U.S. rose to $42.26 from $38.10 last year, the American Farm Bureau Federation said Thursday."

Farm Bureau Federation



Here’s the kicker: "Adjusted for inflation, the cost is $20.46, about 9% less than in the first survey in 1986." 

Why do I suspect no one really believes that?

The American
Farm Bureau Federation Turkey Dinner



I don’t what family of 10 they think they are gonna feed with that short list (12 OZ cranberries? A pound of peas?)

Enjoy your Thanksgiving!


Thanksgiving Dinner Cost Inches Higher This Year
November 15, 2007

Turkey dinner to cost you 11% more
Los Angeles Times/Bloomberg News
November 16, 2007,1,1421112.story

Category: Commodities, Inflation

SPX: Flat for the Year

Category: Investing, Markets, Psychology, Valuation

Today’s WTF Headline: Festive Consumers

Category: Consumer Spending, Psychology, Retail

Breaking the Business Week Cover Curse?

It’s A Low, Low, Low, Low-Rate World. No, really — it is. The yield on the 10 Year was under 4% this morning — briefly kissing 3.99%. You may be noticing about now that this lies in stark contrast to our prior discussion of Rates and the Magazine Cover Indicator (for more on the magazine…Read More

Category: Contrary Indicators, Federal Reserve, Financial Press, Fixed Income/Interest Rates

David Einhorn on Credit Agencies

Category: Corporate Management, Credit, Derivatives, Real Estate

The Abysmal Track Records of Moody’s, Fitch and S&P

Category: Credit, Derivatives, Real Estate, Taxes and Policy

Quote of the Day: Dick Green

Category: Credit, Economy, Financial Press

The Modern Art of Sub-Prime Debt

Category: Credit, Derivatives, Finance, Psychology

FOMC Minutes

Category: Economy, Federal Reserve, Inflation

Top 10 Online Financial News & Information Destinations

Category: Digital Media, Financial Press, Web/Tech