4.6 • 2.7K Ratings
🗓️ 18 January 2025
⏱️ 9 minutes
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0:00.0 | This is CBSI in the world. I'm John Batchelor. To Lancaster County, the best county and the best state, |
0:06.1 | Keystone State. Watching the economy, I'm joined by Jim McTag, my longtime colleague, former Washington |
0:13.2 | editor of Barron's Magazine, now a novelist in Lancaster County. Lancaster County has good |
0:19.1 | employment, has lots of retired people with cash, and the weather is moderate. |
0:25.3 | It is Pennsylvania. |
0:26.8 | However, there are troubles to see this and that way. |
0:31.4 | We start with Costco, where Jim attends to shopping to see how people are feeling about their momentary finances. |
0:40.3 | Jim, the grocery bill has been elevated for more than two years now. |
0:44.9 | In Costco, do you see lots of heavy shopping for food? |
0:48.7 | Is there anxiety and anything you can see in the baskets? |
0:53.3 | Yes, people are going to Costco now because they find that the regular supermarkets are too expensive. |
0:59.9 | Costco is a warehouse store and you get a discount of about 11%. |
1:04.2 | So the people who work at Costco tell me it's been steady traffic. |
1:11.4 | You know, hasn't spiked up or spiked down. |
1:13.9 | It's been pretty steady. |
1:15.3 | The grousing I hear at Costco and other grocery stores is about the price of eggs, |
1:21.5 | which are anywhere from $5.25 a dozen now to I paid $6.25 for jumbo eggs today, which is about 55 cents an egg. |
1:35.8 | So the goose no longer lays the golden egg, the chicken does. |
1:40.5 | Do you have people with chickens in their backyards? We do here in Connecticut. |
1:45.4 | No, no. |
1:46.1 | We're too sophisticated until you get into farm country. |
1:49.9 | I know, but at 50 cents an egg, we're looking and making a profit. |
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