Friday, March 4, 2016

What the %$#& ???

Have you noticed the price of haddock on the rise lately? It's not because of a mighty hurricane or and unusual amount of market pressure. It's because of a guy out of New Bedford Massachusetts. He owns one of New England's largest fishing fleets and has been fleecing America. I'll put the link at the bottom so you can read the Boston Globe story. You can't make this stuff up. Long story short- this guys was landing slow fish with strict quotas, reporting it as haddock and selling it to another guy in New York for cash. He's been making a fortune illegally...(ALLEGEDLY) It makes me wonder how many times over the years I've looked at a competitor's price on dabs or sole and wondered how it was even possible with the auction prices higher than their selling price. The writer of the Boston Globe article hits the nail on the head - the simplest explanation is usually the correct one.
Click here to see the whole story