76 The SVB failure is now hammering thousands of wineries and may damage the wine industry (www.sfchronicle.com) posted 84 days ago by DZP1 84 days ago by DZP1 +76 / -0 Silicon Valley Bank collapse is causing a financial crisis for California’s wine industry The wine industry is facing an unprecedented financial crisis amid the fallout. www.sfchronicle.com 24 comments share 24 comments share save hide report block hide replies
Good thing I plan to drink beer while I sit on the lawn chair watching the bubbles burst.
May have to switch to Bambu Rum for the immediate and intermediate future...AWWWW SHUCKS....NOT!!!
Doesn't matter if you're not a wine snob, the thing about this is the economic impact downstream. It's not trivial. It spreads to restaurants too.
What a puff fluff piece of fucking bull/dog shit.
"The list of potential impacts for wineries, which represented 2% of the bank’s total loan business"
So. 2%. Like the milk. Got it. Fags
Pelosi owns lots of wineries, guess that will add to her whining.
I knew I'd find a kindred soul if I read far enough down the comments. Get to know your local wineries. We'll be OK. Maybe also go stock up on your favorites tomorrow--we'll be pulling out cash anyway.
I'd read a while back about potential wine shortages in this year, so yeah ... I stocked up big time. A day without wine just ain't right. Cheers!
How will the Karens survive???
Every suburban mom just groaned in horror
Hey! I resemble that remark.
Username checks out.
Good thing wine sucks
2 buck chuck is back on the menu!!!
Actually, if wineries end up having to have fire sales and flooding the market, I'd imagine TJs will benefit not only on regular wines but also because the ingredients for 2 buck chuck may be at lower costs. On the other hand, because I live in a tent under the freeway, I favor Koolaid's Merlot flavor which gives better bang for the buck than MD20/20. You just have to add a little windshield washer fluid to spice it up.
Well, la de da, Mr. Rockefeller! I just use nutrient fortified turbo yeast and sugar in an old water jug. 4+ gallons of booze at somewhere over 8% for that $2. And it loosens the bowels!
Actually, I used to make mead and it's not too hard. You start with honey to give the sugars and add appropriate wine yeast. Ferment in a jug with an airlock. Now we know why beekeepers are so happy.
Good thing I don’t give two fucks about wine lol
So there going to make their wine even more jammy?
I’m okay w/ that. Too much oak and malolactic fermentation anyway.
I have a decent collection that will surely appreciate -- to the moon! Well, okay -- 2% of the way there, anyway