Irregular Update
This site is now closed
and has been left here
for historical reference
only.
Sydney Time
Copyright © Ric Einstein 2009
After an absence of five weeks, welcome to this week's Irregular Update. I thoroughly enjoyed my time off and caught up with my other love, reading good novels.
This week I have a very unusual story "Expensive Bad Advice" for your reading pleasure. When I wrote the article There Is Still One Born Every Minute I sighted greed as the primary reason why people were being stung by wine investment schemes. I recently had an email and phone exchange which made me realise there were people out there who were not greedy and had also been stung. This is the true story of an elderly man; how he got sucked in, what has happened since, and the predicament he now faces. It also shows the results of the callous and crook behaviour that these wine investment concerns have caused. This is James Hackers Story.
Recent events on stock markets around the globe has shown my last article titled, Where’s The Paddle was right on the money. I now predict that over the next five years, many of the small labels will disappear as the combination of the economy, export market downturn in the US and UK, consolidation within the Australian retail market sector, as well as the continuing drought takes hold. Not a pretty picture but at least our wines are getting better and better.
If you are after cheap and cheerful quaffing wines, then the just released "Quaff 2009" by Peter Forrestal is a little book you should consider buying. It's about 250 pages, mainly tasting notes, and covers the bottom end of the market. It even has tasting notes on cask wine. Its a no BS publication that's easy to read and a handy reference if your purchases are mainly in the under $15 category. It's $19.95 and available from good book shops.
A few new Tasting Notes have also been added this week. They can be found here.
The News section has been quiet again recently. Possibly this can be linked to the lessening of interest in of Oz wines in the UK and US market. Stories of possible interest include...
-
Foster's Names Johnston CEO Amid Wine-Unit Review
-
Foster’s shares rise on bid speculation
-
Wine workshops focus on climate change
-
Wine workshops focus on climate change
-
Confusion reigns over wine ads in France
-
The wine you really want
-
Foster's wine sales in US dips
-
China could become the wine industry's next Chile
-
Robert Parker in Paris to face second lawsuit from Agostini
Those stories and more can be found here.
This weeks wine quote. "Come quickly! I am tasting stars!" - Dom Perignon
(1638-1714) at his first sip of champagne
Until next time .... Cheers Ric
If you have received this from a friend and wish to subscribe,
Copyright © Ric Einstein 2008