@deludedaudiophile Not sure I agree the prices come down, but for sure we get a lot more for the money?
Fed rate increase = lower hifi prices?
Will the recent rate hike meant to slow down the economy result in lower hifi prices? Seems everything shot up during Covid. Will we now see some relief?
Showing 2 responses by bigtwin
@deludedaudiophile I tend to agree with you. Two examples. Here in Canada, Loblaws is the country's largest grocery chain. Similar to Safeway. Food prices have gone up and they blame increased input costs. Fair enough. Last week they released thier quarterly results. Record profits. Best quarter in the past decade. Then today I'm in Costco. Looking at a trimmed Beef Tenderloin (just looking). $64 per kilo or $29 per pound. About 50% higher than last year. Our beef producers are struggling to feed thier herds. Very difficult to reconcile these things. Now food is something I have to buy, but audio equipment is a discretionary item. So manufacturers and retails will charge whatever the market is willing to pay. |