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
Demand should be dropping, ie. prices should follow. I can't imagine anyone wanting to pay retail in this economic climate. I look at present retail prices as set for a bubble market, retail should absolutely be reset for a depreciated market, they are behind the curve. I would look at present and past retail prices before making any purchasing decisions.

I can understand exclusivity with some of these upmarket products, does that insulate them from market realities, it absolutely shouldn't. But who am I to know, enough may be willing to pay bubble prices in a deflated market, prices may remain high.

03-12-09: Clio09
Doesn't he own a baseball team too?

You may be thinking about the similarly-named Jeffery Loria who owns the Marlins and who used to own the Expos.

http://en.wikipedia.org/wiki/Jeffrey_Loria
To get the best prices you have to go to the HIFI SHOWS and buy DEMO gear.....or buy used gear!