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
Trelja:
"That idiot dilettante 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."

I often wonder how many people posting and boosting of their financial prowess on the internet have been recipients of trust funds/inheritances/law suits/etc. When I lived in NYC I knew someone who was an only child - became a millionaire many times over after inheriting his mom's sizable assets (one hears this story repeated over and over in slight variations in the Big Apple). I knew this person from my social service circles, and he was unethical in many matters and definitely irresponsible in money matters, yet there he was working as a "financial adviser" for a big financial institution.
Recently purchased a Mac int amp at dealer for 20 percent off list. The sale person said it was Mac trying to aid their dealers. Makers of hi end may be well above the fray, but dealers I believe are having it a bit tougher.
Zu Audio eliminated their dealer network, and reduced the prices of their loudspeakers.

They're the only high end audio company that's reduced prices, as far as I know.