http://www.hometheaterhifi.com/blog/2008/07/28/daily-blog-john-e-johnson-jr-july-28-2008-why-so-expensive/ Secrets of Home Theater and Hi Fi Sat, 21 Nov 2009 23:07:08 +0000 http://wordpress.org/?v=2.6.2 http://www.hometheaterhifi.com/blog/2008/07/28/daily-blog-john-e-johnson-jr-july-28-2008-why-so-expensive/#comment-837 ovation Tue, 29 Jul 2008 12:50:37 +0000 http://www.hometheaterhifi.com/blog/2008/07/28/daily-blog-john-e-johnson-jr-july-28-2008-why-so-expensive/#comment-837 Some of those things may come to pass. But as bad, in relative terms, as the recession appears (when compared to the past 25 or so years), it is not, historically speaking, all that bad yet. Beyond that, if the US dollar remains depressed against other currencies, as is currently the case, don't expect prices to drop on anything anytime soon (I expect the opposite). Those businesses who cannot get the price they ask will have to adjust or go bust, but the kinds of prices you mention, in current market conditions, are rather pie-in-the-sky. The effectiveness of striking union workers, though, is quite limited in current conditions and your prediction of their "losing out" (again, in the aggregate) is a solid one. Some of those things may come to pass. But as bad, in relative terms, as the recession appears (when compared to the past 25 or so years), it is not, historically speaking, all that bad yet. Beyond that, if the US dollar remains depressed against other currencies, as is currently the case, don’t expect prices to drop on anything anytime soon (I expect the opposite). Those businesses who cannot get the price they ask will have to adjust or go bust, but the kinds of prices you mention, in current market conditions, are rather pie-in-the-sky. The effectiveness of striking union workers, though, is quite limited in current conditions and your prediction of their “losing out” (again, in the aggregate) is a solid one.

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