Don't you think that the really High End will do OK in a recession? The super rich are always with us and in fact, are growing exponentially. It's us wage slaves in the middle, that are suffering. So it's the sellers of $2 to 4000 that are feeling the pinch.
If you look at the far east, the growth of millionaires and billionairs, is phenomenal. If you ask the high end manufacturers where they are looking for sales, that's where it is. I have mentioned this before, but I heard of A US speaker manufacturer who makes a £1000,000+ set of speakers as advertising, promotion, never expecting to sell any. He went to a Shanghai show, a guy came in, listened for a good while and bought 2 pairs there and then.
If you look at the far east, the growth of millionaires and billionairs, is phenomenal. If you ask the high end manufacturers where they are looking for sales, that's where it is. I have mentioned this before, but I heard of A US speaker manufacturer who makes a £1000,000+ set of speakers as advertising, promotion, never expecting to sell any. He went to a Shanghai show, a guy came in, listened for a good while and bought 2 pairs there and then.