As we know from Dutch tulips to the U.S. stock market to bank runs, consumer expectation tends to outrun economic reality. I'm hearing signs of "two channel audio paradigm" panic. In this environment, how sensible is it to hoard one's pennies for that esoteric component whose mfr may go broke in six months; which one's heirs won't want; and which and one's executor will find no market to sell in? I mean limited-budget hobbyists like myself, not the gazillionaires whose $1.5M systems represent only pocket change and who inhabit a global oligarch economy immune from the policies or economies of nations.
Showing 2 responses by hickamore
@ronboco @soix Private Equity doesn't give a f****** s*** about Brand Equity -- preserving it, that is. They will fake a savior pose, as they always do, while draining everything for asset value. What wealthy, generous, public-spirited, devoted audiophile with management skill is gonna outbid the bloodsuckers? I always felt that ARC was the industry flagship, and if That One ever went belly-up, it would mean game over. Please, Athena, prove me wrong and transform the Erinyes.
|