The Economy.. will hi end audio mfgs lower prices?


.
The state of California just laid off 20,000 employees. National unemployment is at a 30 year high.

Will there be a shake-out in high end audio? Will we continue to see $10k preamps and $30k amps?

According to the article below, prices of most consumer goods, especially big ticket consumer goods are going down.

....copy and paste it into your browser

http://finance.yahoo.com/tech-ticker/article/176714/American-Retail-Goods-On-Sale-Now----and-Forever?tickers=sks,%5Egspc,%5Edji,wmt,jwn,wfmi,cost
.
128x128mitch4t

Showing 1 response by byegolly

Trelja:
"That idiot dilettante owner of my Philadelphia Eagles made the list of billionaires this go 'round, with the description "self made" no less. I guess mom buying you a football team with that Harcourt Brace money qualifies as being self made in this day and age."

I often wonder how many people posting and boosting of their financial prowess on the internet have been recipients of trust funds/inheritances/law suits/etc. When I lived in NYC I knew someone who was an only child - became a millionaire many times over after inheriting his mom's sizable assets (one hears this story repeated over and over in slight variations in the Big Apple). I knew this person from my social service circles, and he was unethical in many matters and definitely irresponsible in money matters, yet there he was working as a "financial adviser" for a big financial institution.