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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Showing 1 response by kthomas

I'm not sure you need to be a trained economist to look around and see many examples of 1) people who used to be able to afford $10K pre-amps who no longer can, and 2) people who still could afford $10K pre-amps, but are choosing not to do so. If you can see a number of examples by just looking around, and I think we probably all can, then it only stands to reason that it's going to have an effect.

And, assuming that this is prolonged, and only beginning, the effects are going to compound. Strange times.