WARNING: WINE-GEEK DISCUSSION FOLLOWS:
It's interesting to watch investment bubbles... the dot-com boom and the real estate boom have given us refreshed experience in the last 15-20 years of what to look for and how to anticipate one. We're watching the Bordeaux market at what I believe to be the peak of its bubble, about to burst. The peak of the bubble is usually pretty easy to spot. I call it the "taxi driver" test... when your taxi driver starts talking about it as a good investment, it's probably past its prime as an opportunity! Also, when it starts showing up in mainstream press, the secret's long been out. Time magazine commented on the Bordeaux Bubble this week, giving a nice primer on the Bordeaux Bubble. This was quickly followed by a industry-specific article noting the cracks in the pressure cooker. Wine Spectator noted a major shift in the Bordeaux Negociant landscape, as Diageo decided to stop importing Bordeaux to the US because it didn't make "financial sense." This will leave the US market (still the largest market) without a major source for wholesale Bordeaux. As for me, I'm keeping my powder dry... I'm waiting for the bubble to burst before I begin buying Bordeaux again...I've been doing a ton of research, looking for the ideal point-n-shoot that will give me what I want:
- High megapixel
- Good build quality
- 1080p filming at 30fps and 60fps
- Filming that plays nicely with iMovie (sorry Panasonic)
- Small, compact, sturdy
- Good manual controls
Back to the program this week... thanks to www.fourhourbodycouple.com I've got the cheat sheets to remind me what to do on the program!
More updates soon...