The Toys R Us example was to show how drastically companies sometimes have to change when Shareholders see sustained losses. To show that a company with Toys in their name would consider not selling Toys to satisfy shareholders. I am also saying that a bust will eventually come, based on the past history of luxury items in the economy. It might very well take another Great Depression, but who's to say that isn't on the horizon. The US Economy is highly leveraged in the global market place. Some very large countries whose economies could very well overrun ours are holding vast amounts of US debt, i.e. China, Arab oil cartels, etc. Most of us here on this board are very familiar with the growing trend in the outsourcing of US technology and manufacturing jobs. We are all also very familiar with the rising cost associated with fuel, food, housing, insurance, and taxation. All I'm saying is that these factors should affect Sony and Microsofts ability to charge $400 for hardware that does not show dramatic improvement over the last model. I'm just trying to be realistic. I love games as much as anyone around here, but I remember when you could not go to a mini-mart, gas station, restraunt, or mall without hearing or seeing coinop video games. They were very much main stream then, and they disappeared. Right now most people in this country live beyond their means. Eventually the bill will come due and luxury spending will take the first hit. The housing market in California is outrageous. Median priced homes are selling at an average $500,000 plus. Most people get into these using interest only loans. In the next 5 years the interest will start getting tacked on to these loans and people's house payments will rise dramatically. The banking and real estate industry is openly speculating on the coming boom to their industry when all the foreclosures hit. Credit Card companies see it coming and are frantic to get lawmakers in this country to pass legislation preventing bankruptcy, much of which has already passed. Maybe I'm just being too much of a big picture person, paranoid or what not, but I got off the credit bandwagon a decade ago and it terrifies me to see the amount of debt being carried by the average person in this country. I've worked in manufacturing since I was 14 years old, my father owned a machine shop. I've been an R&D machinist for almost 15 years, and I've watched very large segments of manufacturing in this country disappear, and we should all be very afraid. It will be hard to sustain the empire if we get everything we buy from other countries. I try to buy American, but it is very difficult these days. My last Ford was Heche en Mexico. At this point I guess I've gone off the deep end and have no understanding of basic economics. I will get up Monday morning, put bread in my Chinese toaster, coffee in my Taiwanese coffee pot, put on my made in Mexico clothes, drive to work in my made in Mexico car, sit in front of my made in Japan CNC machine, and dream of $400 dollar game consoles while I wait for someone to ask me to make something. At this point I'm dependent on our governments seemingly endless need for new ways to put holes in s#%t to keep my machine running.
Geo
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Topic: Just how expensive is PS3 going to be??? (Read 13060 times)
