Originally Posted by linnite
Don't speak too soon, you heard of the double dip?
Besides, plenty of belt tightening is still going on - luxury purchases must surely be under continued pressure?
no double dip....companies are making HUGE profits, sitting on HUGE STACKS OF CASH and can borrow at extremely low rates. IF anything a bubble will happen again once they stop being idiots and stop worrying about anything the buttheads in Washington do (NOTE: both sides are idiots, neither will do the right thing ever. Generallly both are ignored minus the small percentages of the population that likes the banter and fear wasting time watching silly cable networks).
Savings rates are up. Bad debt is getting written off and by the end of 2011 another bubble will form since the Fed created an environment where business can borrow almost for free.
Get use to the > 7% unemployment rate. It has nothing to do with Government or Business (well business could spend money to higher but why would they when they are making record profits!!). Its just business trimming fat and those jobs are lost period. Wait until they start trimming government jobs again. No matter who is in power the unemployment rate will be high until the Baby Boomers stop being counted through attrition.
Back to the topic.....
High cost Audio equipment will not survive. Places like AVS has finally woken up the consumer to the fact that there is little reason to buy a > $2K AVR or Pre/Pro. Study after study has proven that $1K products have the measurements and SQ (real controlled tests proven) so why bother wasting $$$ on something that only effects a small part of the overall system (Ie. Room and speakers dominate the SQ discussion and if you are not spending 4 times more on those you are simply wasting $$$ on the wrong parts of the setup).