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Mom Would Think This Chicken Wing Shortage Is So Funny
Published: May 10, 2021
This is one confused chicken, pondering all the ramifications of the current American chicken wing shortage. (Photo by veera Batlu on Unsplash)
If you haven t heard the news, after a year of toilet paper, sardine, and what not shortages, we are now on to chicken wings. Now, for the better part of probably the past two decades, chicken wings, along with beer (and don t forget the beer) have become a staple of American hanging out. But like the song lyric goes, you don t know what you got until you lose it . Hooters came and went, other wing places are still there, but have all had to struggle through the pandemic, but now a shortage has developed and all of the sudden people are lost without their wings.
Mar 17, 2021
While global investors worry whether they are well positioned for the return of inflation, the Chinese aren’t concerned. They believe recent experience has identified the kinds of stocks that will be heavy hedges against surges in the cost of living. And so, if anything, they’ve perhaps binged too much on eating and drinking.
While the U.S. market is dominated by the FAANG stocks the five technology giants that account for over 20% of the S&P 500 Index Big Food (and Big Liquor) seem to be the market indulgences of the Chinese. The CSI consumer staples index almost doubled from a year earlier. Muyuan Foods, a pig farmer, rose 88%. Meanwhile, soy sauce maker Foshan Haitian Flavoring & Food Co. boasts a higher market value than state-owned oil producer CNOOC Ltd.