Thursday, August 5, 2010

Bacon Prices on the Rise

A few weeks ago Howtomakeadollar wrote that the world's best business idea would be a bacon delivery truck that drives around playing bacon-themed music and selling fresh, sizzling bacon. No one has disputed this claim, and it is unlikely that anyone ever will, because bacon is awesome. You can read the original blog here.

Well, just to demonstrate my point, bacon prices are now about 50% higher than they were last summer. For real. This is a news item in the Wall Street Journal. Read about it here. This means that you'd be looking at major profits right now if you had taken our advice in starting a bacon business.

Now think about this in terms of the broader economy. Bacon profits are way up. Meanwhile, cars, houses, banks, and newspapers are down. These are supposed to be some of the strongest, most reliable long term industries in the world. Here is a chart that shows what would happen if you invested money in bacon vs the rest of the market over the past year.
Bacon is going through the roof!

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