The Spam Index

The New York Times recently reported that the Hormel Foods Corporation (HRL) plant that produces Spam has been operating at a furious pace to keep up with the demand for its inexpensive Spam products. Workers at the plant have been told to expect the pace to continue and will only have Thanksgiving Day and Christmas Day off in the coming months.

Through war and recession, Americans have turned to the glistening canned product from Hormel as a way to save money while still putting something that resembles meat on the table. Now, in a sign of the times, it is happening again, and Hormel is cranking out as much Spam as its workers can produce.

When the demand for Spam falls, maybe this will be a sign of better economic times ahead.

Source:

Spam Turns Serious and Hormel Turns Out More

Comments

[Robert Nabloid:]

My god, who eats spam anymore? I don't know if I'd feed it to a dog.

That said, It might be a good investment for those that do eat it...

2008 Nov 17 05:44 PM

[Steven Hansen:]

Mr. Templeton, great post - it sure makes you think of what is going on. i wish i had data on historical spam usage. it could be plotted against past economic cycles.

2008 Nov 17 09:25 PM

[a believer:]

Wow, have you seen the volumes on the exchanges lately? Absolutely higher than they've ever been, and at a time of record volatility!

The whole thing brings to mind a vast herd of lemmings leaping off of a cliff.

A fool and his money are soon parted. I don't know what this has to do with spam, which must be REALLY bad for you.

2008 Nov 17 11:22 PM

[Smarty_Pants:]

The gub'mint's fiat debt funded scam,
Led to Wall Street's toxic mortgage backed sham,
Though big corporate execs,
Led their businesses to wrecks,
It's the workers who are forced to eat SPAM.


SPAM: Something Posing As Meat.

Great stuff!

(cue the Flying Circus singers ... )

2008 Nov 17 11:50 PM