Stop fretting. Have a lobster dinner.

[cali]

Sour economy pushes down Northeast lobster prices


By David Liscio / The Daily Item

LYNN - A devastated national economy has sent Maine lobster prices spiraling downward as cash-strapped consumers cut back on seafood delicacies and fishermen wrestle with rising costs for bait and fuel.

With off-the-boat prices as low as $2.60 a pound this week, some lobstermen say they’re ready to pursue different careers. Some dealers bracing for the loss reportedly are suggesting the lobstermen set fewer traps, which would create artificial scarcity and likely push prices upward

“This is the worst time for this to happen," said Peter McAleney, owner of New Meadows Lobster in Portland, Maine, who has been asking lobstermen to haul fewer traps to limit the glut.

The wholesale price of Maine and Massachusetts lobster plunged by more than 20 percent in the past week, and some dealers contend an international credit crisis has effectively shut off orders from major processors in nearby Canada.
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http://www.itemlive.com/articles/2008/10/09/updates/doc48ee60c161ceb708776148.txt

Now if only the price of truffles would plunge. And oh yeah, do I really need the sarcasm thingy?

[Barack_America]

1. Or don't. And give the lobster population a break. nt

[RadicalTexan]

6. What she said.

nt

[eShirl]

2. great news for us locals

we might actually have a lobster dinner this year

[zbdent]

3. I didn't realize the "Red" in Red Lobster

meant their bottom line ...

[meegbear]

4. LYNN! w00t!

:woohoo:

[On the Road]

5. Hey -- That's a Good Idea

Buying supermarket lobsters are cheaper than going out.

[Geek_Girl]

7. I actually hope the price of other food products drop as well

People are going to need the prices to come down in order to survive.

[Warpy]

8. I celebrated yesterday's dive

by making four more microloans at Kiva.org.

It was a celebration because it allowed me to see that much of the world is still far worse off than I am.