The first 9 blind tastings of the Lenox Wine Club lead me to the following observations:As the economic literature on blind tastings has documented, there appears to be no correlation between wine prices and what people like. Our findings: a 3 liter box wine costing just over $4 (per .75 liter bottle equivalent) has been rated the Club’s favorite six times, 2nd twice and 3rd once. And this is against wines costing as much as $85.
by Elliott Morss, Morss Global Finance Introduction In my last piece, I looked at the IMF/EU bailout efforts for Greece to see what can be expected as the West launches a bailout for Ukraine. And every day, what the West will do becomes clearer. Let’s back up to December of last year. At that time, …
In a recent posting, I reported on the results of the German wine tasting of the Lenox Wine Club. The article was later picked up by Global Economic Intersection. Robert Millman who manages Executive Wine Seminars offered the following comment:
The Lenox Wine Club just had its 8th wine tasting dinner. The focus was on German whites – from the Mosel, Pfalz, and Rheingau regions. Two Mosels took the top spots. There were two other interesting results:
In 1933, Congress passed the Glass-Steagall Act. It established the Federal Deposit Insurance Corporation (FDIC) to insure bank deposits. It also required banks to get rid of their trading activities: buying and selling stocks was considered too dangerous for depository institutions.