On A Conspiracy of Hogs: The McRib as Arbitrage

Is it arbitrage if a played out gold mine shuttered for 50 years is reopened after the price of gold triples?

No. It wasn't profitable to mine there at the lower price, but it is now. That's not arbitrage, that's just taking advantage of a new price. Same in reverse for the McRib.

Posted on November 8, 2011 at 4:29 pm 0