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 2 responses by rotarius

In the near future there will be price increases for everything including audio gear. The Fed is printing money like there is no tomorrow, trillions. They have a nice term for it - Quantitative Easing. Heck, the Fed is even buying treasury debt! One branch of government buying up the debt of another, the Chinese are worried and you should be too. Use your cash to buy something valuable now!
Jimaxp, yes, quite a few of us are aware of tricks like short selling to make money in a downturn but most of us are going to have our retirements wiped out even if we recover from the current mess by the devaluation of the dollar..it's coming.