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Most grocery stores now treat bananas as "loss leaders" in the same way they treat frozen turkeys as "loss leaders" at Thanksgiving time.
At any rate, the Cavendish Banana species that we find in grocery stores today will be extinct in the next 10-20 years. Like almost all bananas, Cavendish lacks genetic diversity, which makes it vulnerable to diseases, including virulent soil fungus called Panama Disease, a variant called Tropical Race 4, black sigatoka fungus, and others. The Cavendish Banana already has been wiped out of many south east asian countries.
The predecessor to the Cavendish banana, called the Gros Michel varietal, went extinct many decades ago. The possible replacements for the Cavendish Banana are so different from that most consumers would not consider them a banana.
We should enjoy them while we can. Banana splits all around!
It is happening again and in a big way! The leverage ratio in America is startling. Add up national state local and municipal debt with consumer credit, home, auto, student, and medical debts and we are far too extended as a society. If anything happens to our debt market ever single industry funded by debt vehicles will crash. It’s like a drug habit and we may as well be addicted to injecting ourselves with heroin as debt is our drug.
None of this recovery is “real” it’s all supported by cheap and readily available credit. Good luck finding a chair when the music stops folks!
Yup well said
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