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Another economic hit...
Old 08-26-2009, 07:26 AM   #1
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Another economic hit...

Will the bad news never end?

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Brace yourself: Beer prices are going up

Brewers say rising commodity costs and lower volumes are forcing them to raise its price tags.
Beer prices about to get frothy - Aug. 25, 2009

I'm looking for deflation to set in any minute now...
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Old 08-26-2009, 07:29 AM   #2
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Doesn't bother me!!

(since I don't drink the stuff)
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Old 08-26-2009, 07:31 AM   #3
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I say BS to lower volumes.
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Old 08-26-2009, 07:32 AM   #4
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Originally Posted by Want2retire View Post
Doesn't bother me!!

(since I don't drink the stuff)
You just wait until the price of toilet paper skyrockets. You won't be so smug then I'll bet...
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Old 08-26-2009, 08:05 AM   #5
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You just wait until the price of toilet paper skyrockets. You won't be so smug then I'll bet...
You're right! Got to have TP.
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Old 08-26-2009, 08:05 AM   #6
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Old 08-26-2009, 08:12 AM   #7
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To avoid "paying" for beer, we work at beer festivals! Nothing like getting PAID to drink beer, sometimes judge beer, sell t-shirts, flirt with men (DBF gets to flirt with the ladies), drink beer...win win situation!! (and sometimes the brewers send us home with extra free bottled beer!!)
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Old 08-26-2009, 08:19 AM   #8
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To avoid "paying" for beer, we work at beer festivals! Nothing like getting PAID to drink beer, sometimes judge beer, sell t-shirts, flirt with men (DBF gets to flirt with the ladies), drink beer...win win situation!! (and sometimes the brewers send us home with extra free bottled beer!!)
You just gave me a great idea.
Maybe I could drive a beer truck for awhile after I retire.
Probably get fired for misplacing the merchandise after a short career but it would be fun while it lasted. I'll be shopping for a Kegerator. That's the Ticket.
Steve
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Old 08-26-2009, 08:32 AM   #9
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Looks like I'll have to increase my sin budget.
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Old 08-26-2009, 09:14 AM   #10
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So NOW what am I gonna fill my hot tub with!!??. Geez...
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Old 08-26-2009, 09:39 AM   #11
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More of that deflation...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 08-26-2009, 01:19 PM   #12
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You just wait until the price of toilet paper skyrockets. You won't be so smug then I'll bet...
Nah, that won't matter much either. W2R is movin' to Missouri....ain't got no need for none a that thar fancy-schmancy toi-lette paper! That's what God made corncobs fer, by cracky!
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Old 08-26-2009, 01:26 PM   #13
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They say that the cost of health care is running out of control! Even the over-the-counter stuff is fast becoming unaffordable, eh Dawg?

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Old 08-26-2009, 01:49 PM   #14
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So NOW what am I gonna fill my hot tub with!!??. Geez...
How about gin...or is that only reserved for bathtubs?
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Old 08-26-2009, 02:07 PM   #15
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How about gin...or is that only reserved for bathtubs?
Gin will make you Sin
Got to be careful with that stuff.
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Old 08-26-2009, 02:15 PM   #16
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Nah, that won't matter much either. W2R is movin' to Missouri....ain't got no need for none a that thar fancy-schmancy toi-lette paper! That's what God made corncobs fer, by cracky!
Hey, this city girl needs her toilet paper! And lots of it!
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Old 08-26-2009, 02:15 PM   #17
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Gin will make you Sin
Got to be careful with that stuff.
Hmmm...all along I thought it was that naughty twisted lime....
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Old 08-26-2009, 02:17 PM   #18
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Good timing. I just bought two 30 packs of Natural Light for $12.99 each at Riteaid.
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Old 08-26-2009, 03:37 PM   #19
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Even the over-the-counter stuff is fast becoming unaffordable, eh Dawg?

Never! I'll give up a meal a day if I have to.
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Old 08-26-2009, 04:13 PM   #20
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It may not be coincidental that Heineken just reported 20% profit gain in the face of lower volumes. The formula for success: faced with lower volumes, one raises prices because the remaining drinkers are the hardcore users who will bear any prices to get their med. Results: even higher profits.

Note that taking out the 50 million euros cost savings and Heineken still realized an increase of 32 million euros despite lower volumes.

Darn! Is it too late to get some of them booze stocks?

Quote:
Aug. 26 (Bloomberg) -- Heineken NV, the world’s third- largest brewer, reported a 20 percent gain in first-half profit that beat analysts’ estimates on cost savings and higher prices.

Net income climbed to 489 million euros ($699 million) from 407 million euros a year earlier, the Amsterdam-based company said today. The average estimate compiled by Bloomberg was 425 million euros. Heineken rose as much as 9.3 percent in Amsterdam trading, the steepest intraday advance in 10 months.

The maker of Amstel and the U.S.’s Heineken Premium Light reduced expenses by 50 million euros in the first half under its so-called Total Cost Management program, which has shed jobs in the U.S. and Europe and culled warehouses and trucks globally. Heineken also increased prices in markets from the U.S. to eastern Europe to offset shrinking consumption.
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