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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mitch4t

Showing 6 responses by mapman

" the system will start to clean out all the weak businesses"

Unfortunately perhaps not until after the execs are done funneling off all the bailout money being handed to them.
Some will and some won't.

Some will also raise prices in order to appeal more to those who are luxury minded, can still afford it, and use price as an indicator of value.
"who can we trust"

Look in the mirror!

Definitely not this guy:

http://www.buzzfocus.com/wp-content/uploads/2007/08/cartman.jpg