What a Bakery Can Tell Us About the Economy Right Now

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 22 December 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

We talk a lot about macroeconomic trends on the podcast. What's happening with inflation? Is the labor market too hot? Will there be a recession next year? On this episode of Odd Lots, we take a closer look at how one business is dealing with these economic trends right now, and what its experience says about the economy as a whole. Ken Jarosch is the owner of Jarosch Bakery, which has been operating in the suburbs of Chicago for more than five decades. He's been dealing on the ground with all the things we talk about on the show: supply chains, commodity prices, labor forces. We discuss how he sets pricing for cookies, cakes and donuts as input costs surge, whether he's hiring new workers today, and if he's seeing any slowdown in customer demand.

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Transcript

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0:00.0	Do you know what your interest rate is on your savings account?
0:02.7	I bet it's lower than you think.
0:04.3	Go ahead and look.
0:05.2	And in the meantime, I'll tell you about U.S. Treasury bills on public.
0:09.3	As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity.
0:16.2	That's the highest rate on six-month Treasury bills since the year 2000.
0:20.0	Go to public.com-slash-t-bill-podcast to get started.
0:23.8	This is a paid endorsement by public.com,
0:26.0	fees and conditions apply.
0:27.3	Treasury accounts at public.com or through Geco Securities Inc.
0:30.4	Member Finra and SIPC.
0:31.8	Not FDIC-insured?
0:33.1	No bank guarantee.
0:34.0	May lose value.
0:34.8	Full Disclosures can be found at www.public.com-slash-t-bill-podcast.
0:41.1	This is Barry Rittholz here to tell you about another podcast we think you'll love listening to.
0:46.6	Masters in Business.
0:48.1	Join each week for an enlightening conversation with some of the smartest people
0:52.0	in investing and business.
0:53.7	Doing business in Europe, it's all about being local.
0:56.7	Stocks are way too cheap.
0:57.9	This is where you want to be.
	...

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