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Beer Sales Increase: Cold Comfort In Hard Times
washingtonpost.com — Life's guilty pleasures usually thrive during tough economic times. Though we may forgo new frocks or fancy dinners out, we have traditionally turned to the three big vice industries -- gambling, smoking and drinking -- to help ease our pain.
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- SelfHomicide, on 09/07/2008, -0/+20I can say I've done my part and have been drinking 500% more than usual.
- Niallgriff, on 09/07/2008, -0/+19Breweries are probably pushing out the same amount, what we're seeing here is just higher sales in stores because people are saving money by not going to bars and clubs.
- stagmire, on 09/07/2008, -1/+2Every time one of ron paul's retards rants about "inflation" I wonder how it is that a six pack of Becks has been the same price since 2001.
- tacochampion, on 09/07/2008, -0/+3Becks has gone up from $1.69 a 22oz to $2.19.
So, uh, suck a *****, liar. - stagmire, on 09/07/2008, -1/+2Six packs have been $6.99 at my local liquor store since I moved to this city in 2001. Even better, Red Hook IPA is still $5.99.
- tacochampion, on 09/07/2008, -0/+3Becks has gone up from $1.69 a 22oz to $2.19.
- stagmire, on 09/07/2008, -1/+2Every time one of ron paul's retards rants about "inflation" I wonder how it is that a six pack of Becks has been the same price since 2001.
- enthreeoh, on 09/07/2008, -0/+2mmm... beer...
- ciberhispano, on 09/07/2008, -5/+1Maybe this is whats wrong with me, I have been stuck on meds instead of drinking, lol, not! I think running until I fall over or hitting the gym for a good workout does more for you then drinking your problems away, its time to get tough, as the old saying goes.
- Tankslap, on 09/07/2008, -0/+3Thanks Doctor Phil, lol, not!
- Pusod, on 09/07/2008, -0/+5brb... i'm gonna get a cold one form the fridge to wash this article down.
- OfNumbers, on 09/07/2008, -1/+4I'm the only guy I know who doesn't kill a 30 pack every week.
- Tankslap, on 09/07/2008, -0/+3They should call that the NASCAR pack.
- TheGuruStud, on 09/07/2008, -2/+4So, basically, I should use any and all money to buy beer stock if mccain gets the voting machines rigged for him?
- stagmire, on 09/07/2008, -1/+2Financial markets are informationally effecient. You're unlikely to beat the market using publicly available information.
- TheGuruStud, on 09/07/2008, -2/+1*Whoosh*
I know tech the tech market. If I had dough years ago, I'd be goofball rich (back when google became public). Of course if you couldn't see that them and others were going through the roof, then you're a bit slow haha.
I tried getting people to invest in the good tech stocks, but no one would listen. When google hit over $500 I rubbed it in their faces. Morons. BTW, these people ASKED me what they should invest in. ***** them, they didn't listen. - stagmire, on 09/07/2008, -0/+2WTF? How is that relevant to anything I said? You sound like an idiot. I said BEAT THE MARKET, not "beat your imaginary friends."
- TheGuruStud, on 09/07/2008, -1/+1No different than your 1st comment. See, I can do it, too.
Reading comprehension. My 1st comment was half-half, 50% sarcasm and 50% serious.
That really doesn't have jack to do with beating the market with available knowledge.
It actually has more to do with understanding the market and investing right before the boon (which is more like my 2nd comment that's irrelevant, but still more relevant than yours).
So, in other words, quit making stupid comments on a humorous, rhetorical, one. - stagmire, on 09/07/2008, -0/+2"That really doesn't have jack to do with beating the market with available knowledge."
Sure it does. If future earnings are already reflected in stock prices, and your prediction of future stock value are based on publicly available information (e.g. McCain wins), it's unlikely that the stock price won't *already* reflect those future earnings, because the market is more informationally efficient than any single investor. So you're not beating the market.
If you have specialized knowledge about a specific sector, that's a different ball game. But a single washingtonpost article on beer sales != specialized knowledge.
- TheGuruStud, on 09/07/2008, -1/+1No different than your 1st comment. See, I can do it, too.
- inspecality, on 09/07/2008, -0/+2"Beer can be a mini luxury in difficult economic times. People can commiserate with friends over beers about job losses and high fuel prices," said Jill J. McCluskey, chairwoman of graduate studies at the School of Economic Sciences at Washington State University and a member of the scientific committee for the upcoming Beeronomics convention in Belgium. "
I go to WSU... all we do is drink because it's a small town and everyone is bored. lol - ferrariman60, on 09/07/2008, -0/+1Booze and smokes are the only products that consistently sell in a curve that is opposite the current economic trends. Not to say sales go down when times are very good, but they do go up when times are bad. I have heard that video games are similar lately, but have not seen any data to back that up.
- Shiftgood, on 09/07/2008, -2/+2Check out this beer im making with some people. Its brewed with 45 million year old yeast (not kidding)
www.fossilfuelsbrewingco.com
pretty sweet eh?- inspecality, on 09/07/2008, -0/+2I prefer the 50 million year old yeast vintage myself.
- KrazyMon2, on 09/07/2008, -0/+1Let me make this perfectly clear. Rolling Rock is by no means a "Super Premium" beer and went from a drink-able beer to liquid garbage in a bottle once anheuser busch bought out the company a few years back and moved the bottling factory out of PA.
- sapphire9488, on 09/07/2008, -0/+1As I read the title I was finshing one off! Beer sales are always increasing here since it's a growing college town (as well as the Smirnoff crap for the chicks who think beer is OMG SO NASTY)
- TonyTheTerrible, on 09/07/2008, -0/+1no, it's because my buddy just had his 21st.
- DeFex, on 09/07/2008, -0/+1yep wine and caviar are too expensive now..oh wait i like beer.
- bg86, on 09/07/2008, -3/+0vice industries? no... being drunk just makes things more fun. For instance, an ordering screen at McDonald's was kicked in tonight.
- daengbo, on 09/07/2008, -0/+4In Korea, soju (the local cheap liquor) is a leading economic indicator. When sales of soju are up, economists see consumers choosing a cheaper alcohol and attribute it to lack of confidence in the economy.
- midiaa, on 09/07/2008, -2/+0Beer costs less than gasoline. Drink more - Drive less.
- BoneStamp, on 09/07/2008, -0/+2Either your gas is really expensive or your beer is really really cheap.
- jewishmafio, on 09/07/2008, -0/+1Drink your problems away and you wont have to worry about anything else...right?
And yes, beer is cheaper than ***** right now so i dont see why not. - Striff, on 09/07/2008, -2/+4Weed is so much better.
- WeedCollege, on 09/07/2008, -0/+2No it's not... j/k
- b8man99, on 09/08/2008, -0/+3Having recently switched from weed to beer for a while, I can honestly say that weed is 1,000,000 times better at relieving stress and unwinding than beer. But beer is much better at getting you in the mood to fight strangers for no reasons. So you know, pros and cons.
- WeedCollege, on 09/07/2008, -0/+2No it's not... j/k
- Br3ach, on 09/07/2008, -0/+1Ahh beer, the cause of, and solution to, all of life's problems
- liuite, on 09/07/2008, -0/+2maybe it is because beer is a substitute good for more expensive alcoholic beverages.
- JohnboiWaltune, on 09/07/2008, -0/+1News flash... the addictive psychoactive chemical business isn't affected by economic hardship. Interview with Leroy the Crackhead at 11.
- BoneStamp, on 09/07/2008, -1/+1Seems like more of my friends who used to have mixed drinks are drinking fancy import beers now, maybe it's just a shift in trends. I'd like to look at the sales numbers for domestic and domestic micro vs imports to say with more confidence.
- hutectro, on 09/07/2008, -1/+2I have a friend that owns a liquor store it seams when the economic goes down liquor sales go up
plus lottery tickets sales also go up. - roho76, on 09/07/2008, -0/+1They forgot Porn. Gambling, smoking, drinking, and porn.
- mrzack, on 09/07/2008, -4/+19/11 was an Inside Job. oh wait, truth doesn't ease pain...
- downlite, on 09/08/2008, -0/+0OK there is a secret conspiracy theory that Bush & Cheney got us where we are becuase they had heavy ownership in booze and gambling stocks - NOT. That would be funny though.
- mattthegeek, on 09/08/2008, -0/+0"craft and "superpremium" beers such as Michelob and Rolling Rock" Wow, these piss-water excuses for beer are SUPERpremium?!?! I guess that makes me a regular Thurston Howell III for drinking sam adams and Blue Moon. HAH! Oh, and why the pic of the shelves of distilled liquor in an article about beer?
- JHarrison23, on 11/30/2008, -0/+0Just what we need, more people becoming overweight due to alcohol consumption.
http://www.Total-Cleanse.org - dvd436, on 12/01/2008, -0/+0Im here for the beer!
http://www.bonuspokercode.com - palm4452, on 12/02/2008, -0/+0Yea could you pass me another one. Nothing like a
cold one and some good music.
http://www.sanibelhost.com/mp3/
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