The chickens are thankful

Reader Input
-A +A
Bad new for the consumer is good news for some. Recently, Bloomberg Television’s “In the Loop,” discussed the economy. They suggested that, “recession signals in the world’s largest economy are flashing red again.” They went on to say, “Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.” Rising pessimism poses a risk household spending will cool further, hindering a recovery that Federal Reserve policy makers said this week was already advancing “considerably slower” than projected. “The mood is very depressed,” said Chris Christopher, an economist at IHS Global Insight Inc. in Lexington, Mass. “Consumers are very fatigued and very uncertain. In the short-term, people are going to pull back on spending.” Now the good news. Springdale, Ark.-based Tyson, the biggest U.S. meat producer, said it will lose money in the chicken business this quarter as a weak economy eroded demand. I can hear the White House spin now, the president’s plan has saved the lives of countless chickens and another evil corporation has been stopped from making a profit! John T. Nightingale, Auburn