2. amps-preamps
  3. 1234975909

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
rodman99999
6,032 posts
 

     AND: they just THOUGHT things were bad back then!

cd318
2,636 posts
 

@rodman99999 

Well, the great crash of 2008 was also due to corporate greed.

You could call it a practice run.

Corporate greed has moved on in leaps and bounds since then.

And this time the government isn't even bothering to hide the fact that they're in on it too.

 

Last time we were told that there was no plan B.

This time, there doesn't even seem to be a plan A.

[I don't consider an endless war over Ukraine and Russia a plan].

 

Sorry Mr Schwab, we've all seen your plan, and no thanks.

 

Perhaps I can interest you and your associates in my plan?

To begin with let me introduce you to my business partner, Mr Guillotine.

firstgrowth
87 posts
 

2008 into 2009 created one of the best buying opportunities of our lifetimes.  Economies expand and contract all the time.  The question, if you're invested in equities, is which side do you want to play?  The current environment has a direction, in my mind that's one problem solved.  Timing is always the issue but if one is willing to take profits and wait for the reversal, there's money to be made.

rodman99999
6,032 posts
 

@cd318 -

"And this time the government isn't even bothering to hide the fact that they're in on it too.

Sorry Mr Schwab, we've all seen your plan, and no thanks."

                                                      WHAT?

      You mean: you're not ALL IN, when it comes to the WEF and Great Reset?

                                             WHY YOU, YOU... (pick the most demeaning aspersion you can think of to cast.    ie: ANYTHING BUT, "concerned, patriotic, American citizen").      

jafant
18,899 posts
 

cd318

 

Excellent summary. Indeed, 2008-2009 was a practice run. 2022-2023 could be worse? This is a page out of the (D) playbook. There is not a Plan A,B or C.

 

Happy Listening!

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