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California wine has never been better or more deserving of accolades. But the Golden State isn't as big a factor in the values market as it should be. Year-end global economic turmoil may change that. If consumer demand and spending tighten, as many predict, it will work in favor of lower-priced wines and likely force some price cuts.
For the full article, check out the new issue of Wine Spectator, on newsstands January 26, 2009.
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