Poll:Will fear of recession change how you buy wine?

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How does fear of recession change what is on your table and in your cellar?

I will buy less wine.
5
17%
I will buy as much wine, but will seek out better value.
7
23%
No change.
18
60%
I will buy MORE wine, and more expensive wine at that.
0
No votes
 
Total votes : 30

Poll:Will fear of recession change how you buy wine?

Postby Bill Hooper » Wed Feb 27, 2008 11:20 pm

Not to sound like a marketing student, or to make judgments on the actual state of the American economy, but I'm curious about how all of us will handle our disposable income this year in regards to wine.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Robert Reynolds » Wed Feb 27, 2008 11:32 pm

I don't have enough disposable income to do other than what I already do now: seek out inexpensive, good-QPR wines.
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Re: Poll:Will fear of recession change how you buy wine?

Postby MikeH » Thu Feb 28, 2008 1:46 am

I asked a wine rep what happens to the industry if the economy goes south. His mostly understood but slightly surprising answer was: wine sales down, beer sales up, hard liquor sales up. I understand the first two, but the third surprised me.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Rahsaan » Thu Feb 28, 2008 1:53 am

I don't think "fear" of recession will be as important as my actual job prospects.

And, as someone preparing to receive his Ph.D. and become gainfully employed, there is every reason to believe my purchasing should increase.

Unfortunately I didn't time it as well as some of you who are now getting out when the prices are high.

Oh well..
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Re: Poll:Will fear of recession change how you buy wine?

Postby Tim York » Thu Feb 28, 2008 4:49 am

In my case as a retired person, there are four factors already reducing my purchasing power and wine budget with possibly more to come.

- decline in the stock market compressing my savings
- the beginnings of a decline in house prices affecting my "feel-good" factor
- decline in £ sterling affecting part of my pension
- the upsurge in inflation.
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Re: Poll:Will fear of recession change how you buy wine?

Postby David M. Bueker » Thu Feb 28, 2008 8:55 am

The economy will have a negligible effect on my purchasing. The lack of space in the cellar is the driving concern.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Rahsaan » Thu Feb 28, 2008 3:34 pm

Tim York wrote:- decline in £ sterling...


I haven't seen that?
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Re: Poll:Will fear of recession change how you buy wine?

Postby David M. Bueker » Thu Feb 28, 2008 3:45 pm

Rahsaan wrote:
Tim York wrote:- decline in £ sterling...


I haven't seen that?


The Euro is kicking everyone's butt.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Tim York » Thu Feb 28, 2008 4:43 pm

David M. Bueker wrote:
Rahsaan wrote:
Tim York wrote:- decline in £ sterling...


I haven't seen that?


The Euro is kicking everyone's butt.


One Euro = GBP 0.69 a few months ago, now worse than 0.76.

Don't blame the Euro or Trichet. Blame New York and London financiers who believed in fairy tales.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Brian K Miller » Thu Feb 28, 2008 5:08 pm

Over-spending and the accompanying overextension
-and the strong probability I will need to replace theCV-joint on my car ($1,000) :evil: mean my wine purchases need to be scaled back. :cry:
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Re: Poll:Will fear of recession change how you buy wine?

Postby Brian Gilp » Thu Feb 28, 2008 8:58 pm

Actually I am both buying less and buying less expensive and it is due to economic uncertainty. A few of the potential scenarios of how this could play out, one may call alarmist but after having looked at how the current US situation resembles some other historical economic situations, I am choosing to build a cash reserve instead of my wine cellar.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Bernard Roth » Sat Mar 01, 2008 2:54 am

A recession has no effect on my cash flow. As far as my wine buying, my cellar is pretty full for near, intermediate and long term drinking. So I am cutting back on purchases because I have adequately stocked my cellar.

My emphasis on new purchases now will be Italian table wines for immediate consumption - whites and Chiantis.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Covert » Sat Mar 01, 2008 11:03 am

Over population chasing wines from finite regions and the crashing dollar due to war funding have crippled my Bordeaux hobby. I now mostly buy cheap Cru Bourgeois with a sprinkle of classed growths from years other than 2005. A worldwide recession would be great if it slowed some of the demand. But it wouldn't. Too many billionaires and multimillionaires. Hana Montana is buying futures.
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Re: Poll:Will fear of recession change how you buy wine?

Postby Alan Wolfe » Sat Mar 01, 2008 11:54 am

It isn't fear of recession that is changing my buying habits, it's the high price of wine.
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