- Motorized Chair Formerly Known as La-Z-Boy Sells for $11,000
- CEOs Are Hilarious!
- We’ve Found the Green Shoots—in an Old Bank?
- Rock Band Weezer Uses Snuggie to Promote New Album
- 'DWI Chair' Up for Auction on eBay After La-Z-Boy Protests
- Bidding for Motorized La-Z-Boy Tops $40,000
- Apple Fan Alert: The iPhone Costume—And It Works
- It Pays to Be a Rat in Chicago
- Naughty or Nice? I'd Go Nice—This Year, Anyway
- PETA Blasts Elephant Car Wash
MOST SHARED
- Health-Care Reform Does Little To Contain Costs: Analysts
- If Mickey Mouse Has to Change—What Does That Say About You?
- Trader Tax Sound Off
- S&P Stocks Trading at New 52-Week Highs
- Treasurys Flat as 30-Year Auction Takes Focus
- Commodity ETFs: Returns May Not Always Match Expectations
- Hottest Zip Codes for Home Prices
- MBIA Shares Plunge in Wake of Earnings
- CNBC EXCLUSIVE: CNBC MEDIA ALERT: CNBC'S MARIA BARTIROMO SPEAKS WITH STARBUCKS CEO HOWARD SCHULTZ TODAY ON "CLOSING BELL"
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- The Lloyd's Prayer
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- If Mickey Mouse Has to Change—What Does That Say About You?
- S&P Stocks Trading at New 52-Week Highs
- Passive Job Search Strategies
- Back Off, Regulators!
- Housing: 'Shadow Inventory' Dwarfs Loan Modifications
- Home Prices Decline Further In Most Parts of US
- UBS Faces Roadblock in Poaching More BofA Talent
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- Credit Card Firms Squeeze Customers as Rules Loom
- 'Thriller' Art: Warhol's Jackson Work Could Net $700,000
- Health Reform Does Little to Contains Costs: Analysts
- Ponzi Proceeds: Bidding on Madoff's Toys
- Quiz: Do You Know Your Coca-Cola Myths?
RSS FEED
There Must Be A Pony In Here Somewhere
Text Size 
Fishermen in Nova Scotia are fed up because lobster prices have fallen so much, they’re now being paid the same price as bologna at the supermarket for their catch.
 |
Photo by: Keven Law Yeah, when's the last time you saw bologna look like this? Check out these claws, baby. |
At $3.50 to $4 a pound for their catch, it’s not even worth it to take the boat out some days, Ron Heighton, president of the Northumberland Fishermen’s Association, told the Chronicle Herald newspaper.
*Gulp* Did he just say no more lobster?
Oh, contraire!
For consumers accustomed to bad news in this recession, the lobster tank is half full: You can eat like a king for deli-counter prices.
At Osterville Fish Market in Cape Cod, lobster fell as low as $5 a pound around Christmas, down 50% from the $10 it sold for in recent years. Though, they’ve started to creep back up, selling between $7 to $9 a pound, depending on the size of the lobster.
Paul Dean, owner of the Osterville market says the low prices are spurring demand among the locals.
“When we put a sign out that says lobsters $4.99, people were cleaning them up as fast as we could stock the tank!” he said.
And, at $6.99, that’s still “a steal” Dean said — it’s the price per pound for American cheese and ham at the deli. But, he cautions, get ‘em while they’re cheap — these prices aren’t going to last forever.
So, tourists take note: If you’re planning a trip to Cape Cod this summer, make sure you order the lobster.
There may be a recession going on, but right now, you’re king of the sea.
Jimmy, put down that bologna and cheese sandwich. We’re having lobster tonight!
Calling All Funny People:
Sick of "green shoots?" Me, too! We've got to come up with a better term. Send your suggestions to . We'll publish the best ones this week and vote on them. Read my initial rant on green shoots to get you going. Ready ... Aim ... Shoot!
More Recession Specials From CNBC.com:
- Shop or Save? Shop!
- Slideshow: Lamborghinis for Less
- Would You Like a Hotel Room With Your Lobster?
- The Six-Figure Job No One Wants
- The Recession Can Actually Be Good for You
- Seven Things We're Still Doing Despite the Recession
- Highest Paying Jobs: 2009
Questions? Comments? Write to .
Data is a real-time snapshot *Data is delayed at least 15 minutes