Comments on: OMG The stock market is crashing! Recession is nigh! Whither wine? Poll

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By: OMG the stock market is still crashing! Whither wine - redux! | Dr Vino's wine blog

Tue, 30 Sep 2008 02:16:40 +0000

[...] Thanks for visiting!Back in January, we ran a poll after a rough patch in the markets asking about how a downturn would affect your wine purchases. Ah, what a different era that seems! Everyone was saying that the economy was fundamentally sound [...]

By: Dr Vino’s wine blog » Blog Archive » Alert Ben Bernanke! All finance edition - tasting sized pours

Tue, 12 Feb 2008 19:41:40 +0000

[...] First time here? Check out the “site highlights,” send in a question, subscribe to the latest posts by RSS, daily email, or free monthly updates by email (right sidebar). Thanks for visiting!Imports, tres chers I was just poking around on this web site and I came across some prices of the previous vintages of wines currently in the market. The Loire, Rhone, Champagne, Beaujolais–many prices have risen, sometimes 20 percent in a year! Eeegad. Ben Bernanke, importers, where’s our price stability?! We might have to cut back. [...]

By: Winehiker Witiculture

Winehiker Witiculture — Mon, 28 Jan 2008 23:18:56 +0000

[...] There’s not much written about the subject of wine, families, and American culture, so if you’re inclined to glean more from this topic, I invite you to read an excellent post written recently by Dr. Debs titled Teaching Your Children About Wine. You might even check out Dr. Vino’s recent poll, OMG The stock market is crashing! Recession is nigh! Whither wine? [...]

By: Jacob

Jacob — Tue, 22 Jan 2008 23:49:41 +0000

Since I live in London, and still get paid in USD… the recession hit me long ago.

Apparently, because house sales are in a slump (less stamp tax), Her Majesty’s Customs & Excise plans to raise the tax on all alcohol.

Merchant friends say it will be an increase by £0.5 to £1 ($1 to $2) retail per bottle. So the grapes will see yet another crushing.

Most painful is that California wine prices (sadly, no Oregon or Washington here) have yet to fall, despite the weakened currency… so Dave S., I’m feeling you.

By: Dave S.

Dave S. — Tue, 22 Jan 2008 21:40:12 +0000

I’m actually cutting back both total spending AND the amount I pay per bottle. 401k also took a hit AND my house is oil heated. Double ouch!

Really hoping the dollar makes a recovery at some point because most of what I drink is European.

By: Arthur

Arthur — Tue, 22 Jan 2008 17:59:42 +0000

Interestig story on hi very subject:
http://www.winebusiness.com/news/DailyNewsArticle.cfm?dataid=52602

By: PINONVY

PINONVY — Tue, 22 Jan 2008 16:20:14 +0000

History teaches us, in down times, folks dont drink any less. They just change what and where they drink. I am well stocked, can just sit here at home and hope for the best…

By: Bob W.

Bob W. — Tue, 22 Jan 2008 15:00:25 +0000

I have already cut back on my purchases of wines that I will hold for a few years (the two coolers are already filled AND I still have one out of three to put through college). The bigger concern is the 5 digit hit the retirement funds have taken this month. FED to the rescue??!!

By: Alfonso

Alfonso — Tue, 22 Jan 2008 13:38:17 +0000

Well, it is winter. So if we are going into a Bear Market perhaps we all can hibernate with some of our favorite wines we have saved. Looks like it’s time to open some of the good ones and drown our sorrows in a proper way;)