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I have a grievance this morning. Strange as it may seem this involves a chicken and bacon burger, one of my favourite restaurants, the global market economy and golf. At first glance they seem odd bedfellows don’t you think?
Yesterday afternoon I was feeling peckish and decided to indulge myself with a chicken burger. Whilst about to order the offending item I was alarmed to discover the price had increased by 125% in a matter of a week. This state of affairs caused me to question my belief that inflation was finally under control. I decided to investigate and proceed to question the waiting staff. The culprit it turns out is golf. Perplexed over the reply I decided to take myself for a stroll and think this through.
International professional golf has come to town, namely in the form of The Open Championship at Royal Portrush just a 10 minute drive from my holiday home. Along with this bandwagon has come a couple of 100,000 hungry spectators who seem to be the nub of my lunch incident.
Massive demand for the limited resource that is restaurants has caused the market economy to wake from its slumber and readjust the cost basis for food consumption in the local area. I should be happy after all I’m getting a free demonstration of the classic supply and demand phenomena in operation. Unfortunately my stomach tends to disagree with this assessment as I hurry towards the sandwich vendor further up the street. My sincere hope is they haven’t got the economic memo over prices yet!
So there we go, and if I indulge in a bit of hyperbole. A pleasant wander to get some lunch in a sleepy outpost on the North Coast of Ireland can be directly impacted by the global market economy at the stroke of a club. Keep firm control of your portfolio and finances as this simple demonstration shows anyone can be affected by seemingly unrelated global events causing sudden market imbalance and a ripple effect across global stock markets as they reprice for the new information. It’s all interconnected.
My only consolation to the chicken burger saga? Free tickets an old business associate has kindly given me for the practice sessions at Royal Portrush. I wonder what the micro inflation environment is like within the hospitality area? I should maybe brown bag my lunch and save a few dollars, after all, I am retired!
The title of this article could be a title for a book. I love it!
As we don’t know where all the HD readers reside, your message was sent around the world in seconds and maybe it was your grievance that got Ramore Restaurants attention. I give you the credit.
I’ve not attended The Masters yet, but a late friend used to do all the ticket invitation mailings every year. When my daughter was in med school in Augusta, her rental home had one window where you could see Amen Corner. And this year, my neighbor who attends every year, brought back a souvenir for me from The Masters.
Speaking of books. I was waiting for the right time to make this comment to Mark. Considering how well he writes I think he should spend some of his free retirement writing a novel.
Let’s see how many up votes we can get on this comment to see if we can push him to explore.
I just hope we don’t create a literary version of Mr. Tanner. For those of you who around my age you get the hint. For you yougin’s Google the name, and listen to a great 70s ballad.
David, that’s quite a coincidence! I’ve just completed a short, 30-page story for my 10-year-old grandson. He’s developed a fascination with scary stories. The title is “Bay Cove Nightmare.”
Good news! An update on my chicken fiasco, hot off the press. I guess social media is of some use.
A restaurant group in the County Antrim town hosting The Open golf tournament has said it is reviewing recent price increases following a social media backlash.
Ramore Restaurants in Portrush has come under fire after prices went up as the town prepares to host the tournament this week.
At the Ramore Wine Bar, the price of a chicken and bacon burger increased from £7.95 to £17.95 while a bowl of chilli chicken pasta that cost £14.95 earlier this month, rose to £27.95.
“We’ve listened to the feedback and, as of today, have taken steps to revise and adjust pricing across all of our restaurant menus going forward,” Ramore Restaurants said in a statement to BBC News NI.