Part 1 The Economy of Wine

Finally, there is good news for the economy. The likelihood that we will survive the fiscal turbulence of the last few years with a so-called soft landing is improving. How that relates to wine is the subject of this two-part look at what’s going on and how we deal with it. In part one, we’ll focus on white wine. With plenty of summer left, a light, acidic white wine with a nice chill on it is the way to go, especially on the beach, the patio or the boat. White wines are notoriously affordable and are attractive buys when the price of everything else seems to be out of control.

At the peak of the COVID pandemic, we longed for the day when things would return to normal. Clearly, the new normal is not how we remembered it. Since the days of COVID, the economy has expanded, leaving economists baffled. Rising inflation, fueled by billions of dollars in stimulus money, high interest rates and higher prices led to more spending and mounting debt. That was last week’s headline, and the threat of recession is old news.