Tuesday, September 8, 2009

Losing fizz

Sad news for those of us who love bubbly: reacting to lowered sales, Champagne houses are acting like OPEC & cutting production.

Seems like an odd response: consumers have cut back on buying the stuff because of straitened circumstances—clearly a statement about price sensitivity; but rather than lower their prices the producers are moving to uphold them artificially.

Zut alors!

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