PrintMarch 8, 2010
Maybe We Can Split a Beer?
There are a couple of things that historically have been found to be inflation-proof, recession-proof, and depression-proof, and one of those things is beer. It appears, however, that even nature's elixir is not exempt from that economic parasite known as Obamanomics.The fact that InBev, now the largest brewer in the world, had flat sales is astounding -- a true rarity in historical terms. This is the company that bought Anheuser-Busch, the makers of Bud Light -- the most popular beer in America, for goodness sakes! At this rate, InBev may all have to change their vats from brewing beer to making Kool-Aid, the liberals' favorite beverage these days.At a press conference in Brussels, InBev CFO Felipe Dutra reported fourth quarter results for the world's largest brewer and maker of Budweiser, saying that InBev garnered "a fourth quarter profit of $1.28 billion, helped by cost cuts and price hikes, but global beer sales were stagnant and forecast no rebound in 2010."Economists...(Read Full Article)
