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

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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
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128x128mitch4t

Showing 2 responses by timrhu

timrhu
2,779 posts
 
Bombaywalla, you beat me to it.
Abucktwoeighty, I agree. CEOs maximizing short term profits with no concern for the future isn't necessarily in capitalism's best.
timrhu
2,779 posts
 
I believe his mandate was to take ordinary millionaires and convert them to billionaires. The record shows that he was quite successful.

Check the latest Forbes' list of current billionaires. The number has dropped dramatically. Success is fleeting.
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