Castagna Genesis Syrah 2002

Beechworth, Victoria, Australia. Shiraz with a touch of Viognier. Cork. Source: cellar.

Today seemed to be the right time to flick through my dust laden copy of The General Theory. Keynes is once again fashionable as Governments slowly rush to stimulate consumption and the media is awash with talk of GD2 (the Great Depression II). Reading the chapters on The marginal efficiency of capital and Long term expectations (chapters 11 and 12) I found these prescient comments.

On the issue of risk: 'During a boom the popular estimation of the magnitude of these risks, both borrower's risk and lender's risk, is apt to become unusually and imprudently low'.

On confidence and credit: 'But whereas the weakening of either (the state of confidence of the speculator and the state of credit) is enough to cause a collapse, recovery requires the revival of both. For whilst the weakening of credit is sufficient to bring about a collapse, its strengthening, though a necessary condition of recovery, is not a sufficient condition'.

Tasting note: This is unmoved since my last encounter. Scented with peppercorn and mashed blueberry it is slippery (presumably the Viognier) and yet muscled in the mouth. Once again the pepper is notable, though in support are chiseled tannins and juicy acids. Sadly this is my last bottle, I suspect its peak will only arrive in another decade.

Very good - excellent.
93+
2012+

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