I was at Fry’s Electronics on Friday when I went there to buy a 42” 1080p 120hz Toshiba LCD HD TV for only $848. My wife had to be to the doctor in the morning so we were not busting down the doors. I got there at about 1pm and figured they’d probably be out of the advertised TV by then. First off, the crowd was pretty light. I walked back to the TV section without having to say ‘excuse me’ even once! Then the TV guy tells me they’d had five of the ad special TV’s and they usually sell out when the doors open - but they’d only sold TWO by 1pm. I bought my TV and the next day the lowest price within 300 miles was $1499.00 - so for almost 1/2 off no one was in a hurry to buy! Just on this one little indicator I’d say we have scary times ahead. Natch, I’ll be able to watch it all in HD! :-P
You can ride out this s*** in style. Just be sure to stockpile some canned beans, guns and a generator
Plus you'll be able to see FEMA emergency announcements in HD
Nice deal. Picked up a 42" Dynex 1080p for 699 12/26. Put a four year failure policy on it for another $99. That plus a bunch of other little things, and the guys at Best Buy were treating me like I was royalty or smth. Go figure.
As I’ve said, this isn’t about not having the money or about the credit.
It’s about people with money and credit deciding they don’t care how cheap things are, they are chopping their discretionary spending way down.
No amount of jobs “working on the railroad” jobs are going to “stimulate” these upper-middle class earners, who already have just about everything they actually want anyway, to start back to the spending spree. They are the very ones who have been crushed by the stock market and the housing bubble.
Without consumer spending, our economy doesn’t work. Period.
Malls were already dying. This will finish them off. Retail Christmas was already dying. This will finish it off.