Eighty-seven years ago today, sliced bread was first sold in stores. This was right at the start of the Great Depression–the worst economic period in our nation’s history. If you look around your friendly neighborhood Super Wal-Mart this afternoon, you’ll see that most of the bread on grocery store shelves are sold as pre-sliced loaves–this time saving innovation has saved mothers of school aged children millions of hours of time (and time is money) over the last nine decades.
Now head over to the Pita department and you’ll see that most of them are not pre-sliced. And when you try to hollow out a pita yourself you usually end up poking a hole through the side. What does that have to do with the price of tea in China? Nothing, (but it does again raise the question about those silly chopsticks). It does have something to do with Greece and how 16 of the 18 other European Union countries have voted to kick the country with the big red “fail” stamped across it out of the Union. Greece has been relying on the same old pita bread and the same old washed-up buildings as tourist attractions for too long. Now they owe billions of dollars that they can’t repay, as a country they voted to not have any more help, and they don’t want to work for it either.
This big fat Greek disaster has been pending for over a year, and has been one of the reasons that interest rates have stayed so low for so long. Now that it’s here, it will be interesting to see how things play out.