It is almost as if someone who had a long documented history in business of refusing to hold up his end of the deal might do the same in politics.
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nobody could have seen that coming [/red]
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Going to be interesting to see what happens when you have increasing US current account deficits and a weakening dollar.
Am sure Trump and his usual sycophants (Hassett, Miran) will continue to ignore this but this is generally how you end up permanently damaging the US economy.
No surprise as to Canada’s new Ambassador to the US to fight for a fair trade deal.
Trump will probably approve of this part of his bio:
“Wiseman was once touted as a possible successor to BlackRock CEO Larry Fink, though Wiseman’s time at the company was cut short in 2019 when he departed after failing to disclose a consensual relationship with a colleague.”
Now the UK is finally realising that there will be no US trade deal, which means the only realistic way to save the UK economy now is by having closer ties to the EU.
Time for “Brenter”?
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The UK and EU having close economic ties is as logical as Canada and the US having close ties. Sad how politics thwarts the obvious trade flows.
Another US victim of trade war, Jim Beam halts Kentucky production
https://www.cbc.ca/news/canada/jim-beam-bourbon-production-9.7025111
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So for 12 years or so they consistently bottle 75-82.
There has to be some spoilage amd other lost amounts but what the hell are they thinking barreling that much juice?
Do the big guys bury the little guys or buy them up (including the barrels)? Do they destroy a portion of the ones that plan to keep rare? Do they just age them another N years on average?
Bc what they should NOT do is barrel 3x what they need every year
There is going to be some lag with new entrants that have 0 aged stock. Other could be chasing growth and age statements.
The numbers seem a little fishy though as I would expect those bottled numbers to pull up more after 4 years.
The chart specifies that “bottled” is for domestic consumption.
I can imagine domestic consumption being flat while growth is perceived/anticipated internationally.
I’ve seen this before with individual producers from other countries. About 15 years ago the Scotch whisky Macallan 12 year, became very popular. Then for around 8 years or so it was unavailable - you could only buy a multi-year blend. In the meantime they ramped up production so that in the future they could sell larger quantities of the 12 year. I imagine their graph would have looked like the one above.
A different case where they didn’t ramp up stored barrels (and probably should have) is the Japanese whiskey, Hibiki. Around 10 years ago, Hibiki 12 year at $56 a bottle became very popular. It was soon no longer available in stores and they replaced it with a multi-year blend, Hibiki Harmony. You can still buy the 12 year online but it has gone up to $600 a bottle - presumably left over bottles from that old stock as it is officially discontinued. Sadly, Hibiki Harmony at $80 is nowhere near the quality of the 12 year. They still have the 21 (I tried it some years ago) and 30 year, with astronomical prices.
I can speculate that whiskey makers have noticed things like “the top 10% account for 50% of consumer spending” and figure their product mix should move toward the higher price (generally older) products.
Canadian whisky seems not to be experiencing quite as bad a situation. It has enjoyed a bit of a renaissance here in the past decade and got an extra boost from Trump. Exports have been steady.
Predicted this a while back.
Canada is now looking to join Mercosur end of 2026.
Which means that if EU finally signs the Mercosur FTA next month, we could have EU - Mercosur - Canada FTA zone going on in a few years.
Trade flows are being re-arranged around the US now, and this is very likely to accelerate given Trump’s behavior (as you cannot trust anything he agrees to).
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I am less excited about Canada having a FTA with Mercosur than with Asian countries as there is not much that Mercosur countries will buy from us and we compete with them on the agricultural products.