Posted To: Pipeline Press

It’s Friday, so how ‘bout some non-mortgage supply and demand stuff? Let me start with an apology to Willie Mays’ family (who may or may not read this daily mortgage commentary) for missing his 90 th birthday yesterday. (Years ago he was known for welcoming all ‘trick or treat’ kids, from anywhere, at Halloween, so we went. Yep, there he was!) There is only one Willie Mays. On the other hand, last year there were too many strawberries and Driscoll’s, which grows fresh berries, had to send $20 million worth of unwanted fresh berries to be frozen or juiced at a large loss. So it cut production on strawberries (which take a year of planning) by 5 percent, a bad call given that two months later berry sales exploded 8 percent by volume compared to the previous…(read more)

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Source: Mortgage News Daily