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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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mitch4t
pedrillo
560 posts
 
Wondering why only a few posters placed blame on unscupulous behavior?
Too many crooks in the white woods.
& what about the elevnd of seept. The biggest robbery ever.
Worse part of it those that were robbed don't have a clue.
timrhu
2,779 posts
 
I believe his mandate was to take ordinary millionaires and convert them to billionaires. The record shows that he was quite successful.

Check the latest Forbes' list of current billionaires. The number has dropped dramatically. Success is fleeting.
cyclonicman
693 posts
 
High End Audio is not going to lower their prices EVER!!!
They have an image to uphold and would probably rather shoot themselves first, much the way the recording industry has imploded on itself. It is possible that prices will come down, but only if the industry receives a stimulus bailout. :>)
trelja
3,226 posts
 
That idiot dilletente owner of my Philadelphia Eagles made the list of billionaires this go 'round, with the description "self made" no less. I guess mom buying you a football team with that Harcourt Brace money qualifies as being self made in this day and age.

Jeff Lurie's now a billionaire, yet can't find $7M to match the offer future Hall of Famer Brian Dawkins got from Denver. Somewhere in the lack of loyalty that embodies everything of this day and age, I almost laugh in recalling the Chateau Luzerne commercial with the 4 liter, bigger than a gallon, jug and the mantra, "How do you think I got so rich?"
clio09
3,370 posts
 
Doesn't he own a baseball team too?
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