2. amps-preamps
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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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128x128mitch4t

Showing 2 responses by wavetrader

wavetrader
260 posts
 
Real Estate,Stock prices are down = wealth down =
Demand Down = Lower prices
wavetrader
260 posts
 
Were in a primary bear market...for you young guys...the last one was 1970-74...the Dow bottomed at 574! Kinda hard to beleive. Parabolic bubbles and echo bubbles always retrace about 80 pct. So real estate prices will decline 50 pct....Now with possibly trillions of debt dirivitives tied to housing...and wall street and the politicians trying to resurrect this bubble....do you think the Dow will hold or go up? Your'e right if you guessed no....it's like raising the dead....and I don't think the 2nd coming is here yet.

Eventually the the Dow will hit below 4500 and maybe lower...if the financial system cannot clear....which the politicians and the bankers think will be too painful (for them).....so this thing will drag on.....the lost decade...it sure is shaping up that way...

but I hope...the people in power swallow hard and take their medicine....I can only hope.
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