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by mikaeluman 242 days ago
Out of all thousands of products, goods and services you will find plenty that track the official number "fairly well" out of of pure chance.

I fail to see any significance of this one chart.

1 comments

The retail price of eggs was a significant talking point in the campaign for the last US presidential election (which I'd forgotten until I saw this post).
That's because they slaughtered a huge amount of chickens due to bird flu. As you can see from the chart, the egg prices have plummeted as chicken populations have recovered.
That chart still shows the prices being higher than they were a year ago. People voted for cheaper eggs, right?
> People voted for cheaper eggs, right?

I suppose people who don't understand markets did, yes

The same people who voted to stop Jewish Space Lasers, presumably.
The chart ends in July, but egg prices have continued to plummet, as noted in the wholesale data: https://tradingeconomics.com/commodity/eggs-us

You can see wholesale price per dozen dropped from $3.35/dz in July to $1.17/dz today.