Consumer Factoid: Egg Prices...Down Again!

I just bought a dozen large eggs at a Central Texas Walgreens...for $.79.

Unbelievable! I haven't seen that price for years.

However, at Walgreen's you MUST check the carton sell-by date...and the eggs themselves. I've bought extremely thin-shelled eggs at Walgreens before...with suspiciously hard yolks. No bargain if you end up throwing them all away...like I did.

Also, for many weeks, my local giant supermarket chain H-E-B, has been selling really good, large eggs for $.99. Not long ago, those eggs were selling for $1.45 per dozen.

Even Target had to join the $.99 per carton egg parade...down from $1.45!

What's going on here with egg prices? Has deflation...so dreaded by many economists...finally arrived?

A report from the American Farm Bureau Federation on recent trends in food prices.

NYTimes' Nocera Rips a New One...for Wm. Ackman

In a longish and surprizingly brutal description of a recent Target stockholders meeting in Wisconsin, NYTimes financial columnist Joe Nocera...rips a new one... for William Ackman, manager of Pershing Square Capital.

Nocera ridicules Ackman's use of quotes from JFK and Martin Luther King, as well as a tear Ackman allegedly shed at the meeting.

Read it... and be amazed... as Joe Nocera unleases his full monty here:

http://www.nytimes.com/2009/05/30/business/30nocera.html?ref=todayspaper

Perhaps as a reaction to Ackman's attacks...TARGET...finally has abandoned those inane full-page newspaper ads about nothing... as seen in the NYTimes...and, today, Sunday, ran an ad asking for help: suggestions...more@target.com/