The economy & the HIFI hobby

During the dot-bomb, there were some great deals to be had on used gear.

Inside source say the US federal reserve may be willing to bail out the struggling hifi market by investing $40 Billion into the sector. US Government expected to take an 80% share of Naim Audio Ltd. and Linn Product Ltd., to aid the struggling UK market following recent downturns.

Presidential Candidate Barack Obama declares his support for the LP12, despite John McCain's insistence that the market will be fine for the foreseeable future in streaming 128kpbs mp3 via their portable players. This has sent shockwaves through Salisbury. More as the story develops.

Excellent point, Chris.

And besides all of those evil speculators who will be purging their coffers of ill gotten hi-fi at fire sale prices this time around for the benefit of all those who lost their retirement money in various financial collapse, there will also be plenty of good hearted audio retailers who will be happy to sell off their demo goods at similar discounts just to keep their doors open while they weather the financial storm (doldrums?).

Things are looking up, aren't they? Nice silver lining. Glass half full and all that.

Not to be cynical, but we are all in this together. Let's try to look out for one another.

A friend,
Connon

quote:

Originally posted by elapsed:
US Government expected to take an 80% share of Naim Audio Ltd. and Linn Product Ltd., to aid the struggling UK market following recent downturns.

It'll be all downhill from there I'm sure.

Another way to look at it could be that with all other short term investments tanking, buying Naim's products offer an even greater personal return.

Plus CD's have never been as cheap or more conveniently packaged for music lovers, leveraging everything you spend on equipment.

quote:

It'll be all downhill

My personal finance advice: sell pork bellies, buy HiFi ...

Is it a bit unusual that only a few users of the high-end HIFI equipments such as Naim get affected by the current economic climate?

Interesting point imperialline; I think it depends on how prudent one has been with finances.
About three years ago I concluded property was a bubble & acted accordingly.
I think banks/politicians allowed the bubble to get bigger due to stupidity & greed.

Black Monday - $1.2 trillion in market value is gone after the House rejects $700 billion rescue plan. Should I say no more?

quote:

Originally posted by imperialline:
$1.2 trillion in market value is gone after the House rejects $700 billion rescue plan. Should I say no more?

Or -

House approves $700 billion bale out "plan".
Market shows no sign of re-inflating itself, banks still ridiculously over-loaned.

Market comes back for more ..... and more.

Your point all rather assumes that the bale-out would work. Or, possibly, that the not-bale-out has obviously not worked. Which isn't the same thing.

I wonder whether the house rejected the plan in order to snap up a few cheap shares before accepting the plan in a few days time...

Phil

I'm sure there'll be a few more folk wanting to buy football clubs after all this.

quote:

It is all about your Naim systems , your jobs, your loans, your houses, it is not about the rich bankers.

How true and isn't that the problem, what greedy bankers do affects us all, so they need to be carefully regulated and controlled so we don't get this mess happening again.

well it's going to make a dent in everything for a while.

Good thing is here in LA, very few SUVs are out and most of the cars are reasonable size and some hot new little cars on the road. And much less traffic on the freeways, tho still have a few of those jockeys thinking it's a race course to weave thru.