A homeward-bound Wall Streeter stopped at Manhattan's Washington Market one afternoon last week to pick up an order of filet mignon. When he found it was $2.25 a pound, up from $1.90 the week before, he canceled the order. Said he valiantly: "I'll eat money. It's cheaper!"
All over the U.S., consumers snared the Wall Streeter's eloquent indignation. Scare-buying and hoarding had slackened off but still prices crept up. Since Korea, meat had jumped 10% and 15%, butter and eggs were up at least a few pennies. Coffee, which had been riding high even before Korea, had managed to jump another...
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