Wines from Piedmont

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.

Western Financial Support for Ukraine: The Greek Analogy (continued)

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, …

A Bigger Problem than Greece

For some time, I have been following the economic problems of Greece. These include:Its inability to compete in world markets using the € as its currency;The IMF, supporting Germany on ‘austerity” as the proper policy for Greece;The IMF realizing austerity is not the answer as unemployment skyrockets;

The Red Wine Challenge – But It’s Bota Box Again!

by Elliott Morss, Morss Global Finance Introduction The Lenox Wine Club just had its 9th wine tasting dinner. It was special – a challenge dinner! As I detailed in an earlier piece, a leading restaurateur/caterer in my home town was quite skeptical of how well box wines have been doing in our tastings (5 first …

The German Wine Tasting – Millman Objects

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: