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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
Comments (24)
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▲ 9 ▼
– bubble_bursts 9 points 84 days ago +9 / -0

Good thing I plan to drink beer while I sit on the lawn chair watching the bubbles burst.

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▲ 2 ▼
– eagledriver 2 points 83 days ago +2 / -0

May have to switch to Bambu Rum for the immediate and intermediate future...AWWWW SHUCKS....NOT!!!

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▲ 5 ▼
– DZP1 [S] 5 points 84 days ago +5 / -0

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.

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▲ 4 ▼
– PepeSee 4 points 84 days ago +4 / -0

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

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▲ 3 ▼
– Richone 3 points 84 days ago +3 / -0

Pelosi owns lots of wineries, guess that will add to her whining.

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▲ 3 ▼
– DippityDooDogDay 3 points 84 days ago +3 / -0

Nooooooooo !!!!

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▲ 4 ▼
– QandAistheWay 4 points 84 days ago +4 / -0

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.

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▲ 1 ▼
– DippityDooDogDay 1 point 83 days ago +1 / -0

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!

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▲ 3 ▼
– Emyrylde 3 points 84 days ago +3 / -0

How will the Karens survive???

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▲ 3 ▼
– Patriot_Perks 3 points 84 days ago +3 / -0

Every suburban mom just groaned in horror

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▲ 4 ▼
– QandAistheWay 4 points 84 days ago +4 / -0

Hey! I resemble that remark.

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▲ 2 ▼
– SneakyWino 2 points 84 days ago +2 / -0

Me too!!

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▲ 3 ▼
– QandAistheWay 3 points 84 days ago +3 / -0

Username checks out.

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▲ 2 ▼
– GodFirstBro_ 2 points 84 days ago +2 / -0

Good thing wine sucks

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▲ 2 ▼
– BxPatriot 2 points 84 days ago +2 / -0

2 buck chuck is back on the menu!!!

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▲ 3 ▼
– DZP1 [S] 3 points 84 days ago +3 / -0

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.

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▲ 2 ▼
– Elcycs 2 points 84 days ago +2 / -0

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!

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▲ 1 ▼
– DZP1 [S] 1 point 84 days ago +1 / -0

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.

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▲ 2 ▼
– matrix_steve 2 points 84 days ago +2 / -0

Good thing I don’t give two fucks about wine lol

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▲ 1 ▼
– 11823 1 point 84 days ago +1 / -0

So there going to make their wine even more jammy?

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▲ 1 ▼
– BackCreekJackson 1 point 84 days ago +1 / -0

I’m okay w/ that. Too much oak and malolactic fermentation anyway.

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▲ 1 ▼
– DontAsk 1 point 84 days ago +1 / -0

https://archive.ph/VQXhA

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▲ 1 ▼
– AmericanVictory 1 point 84 days ago +1 / -0

I have a decent collection that will surely appreciate -- to the moon! Well, okay -- 2% of the way there, anyway

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▲ 0 ▼
– deleted 0 points 84 days ago +1 / -1

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