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
It isn't the illegals coming in. It's the corporations looking for a higher profit margin by having third world countries making their goods. They get fatter wallets, and we get highere unemployment.
>> 02-18-09: Jvcvcrman08
>> Just to throw in my .02¢
>> This is what happens when you let in
>> way too many illegal`s.
>> ALL of the american jobs are now overseas
>> and yet they still come here.
>> The US needs to deport these people at once!
>> Otherwise the US WILL crumble and fall.
>> And DON`T think for one second that 3rd.
>> world countries, like China will help us out!
>> This is ALL Bill Clinton`s FAULT!
>> Get rid of NAFTA!
>> And stop importing goods from China!
>> And then you can stop shipping jobs overseas,
>> and THEN Americans WILL have jobs again, and then
>> the the economy will grow once again!
>> THIS IS THE ONLY WAY OUT OF THIS MESS!

Funny you should say this!
Your system picture shows all Japanese gear (Sony)!!
Not 1 piece of all-American gear!
It says your speakers are Infinity (American) but I cannot see a pix of it.
When I first started looking at the Naim CDX2 it was $5600.00, it went up to 6150.00 and more recently back to 5600.00. Sonus Faber just had a sale of speakers. I think that there will be a reshuffling of prices in some areas and consumers will be more carefull about their purchases.
Bombaywalla, you beat me to it.
Abucktwoeighty, I agree. CEOs maximizing short term profits with no concern for the future isn't necessarily in capitalism's best.
Heres my thoughts since we are in a hi end hobby expect luxury tax from the liberal movement soon. With a large part of our taxes going to illegals and citizens that are on welfare it leaves us the working sheepel to pay for all of this big government spending. Hope i'm wrong, from what i've seen so far we are in Big Trouble moving from a free market country to a socialist society. We will have a state run audio company who will provide us with gear.

Better listen to your music now while you can before the bubble bursts.