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 1 response by phd

Very good question, it is not likely you will see a big reduction in price on retail unless the company is going out of business but look for falling prices on used gear. If you realistically want to sell used on Audiogon you will have to be willing to compromise on your asking price or not sell at all. Also high ticket items will be a tough sell. During this recession audiophiles are faced with the same economic problems as the rest of the population, and the amount of money allocated to this hobby is somewhat diminshed. I was called a fool two years ago on Audiogon when I suggested that the US economy was heading for a recession & facing hard times.

Do I have a crystal ball? no not really but because of my occupation I was around alot of older folks who lived through the great depession & knew the warning signs. Also when top executives in this country can no longer be trusted to govern Americas institutions, business or otherwise, we have a serious problem. Republicans believe in deregulation but that only works when these institutions are honest & can be trusted. Sorry but my two cents.