Risky business
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
This old mutt reckons that in this situation, the prices of wine in our supermarkets might fall, at least a tiny bit, but this doesn't appear to be the case.
So, what's happening, are the winemakers holding up their prices or, more likely, are the wholesalers and retailers leaving the RRPs where they were and fattening their margins?
It would be interesting to find out the truth, but these days, truth is a very scarce commodity.
The only answer to good, cheap wine may be finding out that recipe of two thousand or more years ago of instantly turning water into wine.
