Since our PDG (Pretty Darned Good :-)) deal on our fridge (38% off a price that was already nearly 12% lower than MSRP), we’ve decided to keep an eye on large appliance prices just for kicks, and we’ve noticed something interesting.
In an economy where inflation is a fact of life and the dollar is worth less and less every day, both because of price inflation in general and because of the Fed’s devaluation of the dollar via flooding the economy with paper money coming off the presses far faster than the economy justifies, we’ve noticed something interesting: in general, prices are falling at the retail end on many major appliances from most manufacturers.
Why? I can only surmise at this point that the fact that consumer purchasing is way down is seriously impacting cash flow at these companies. They apparently feel they cannot absorb the costs of warehousing excessive inventory.
Expect more fall-off in manufacturing, leading to more layoffs and lower consumer purchasing, leading to… etc.
Unless the grossly obese “feddle gummint” chimp riding the economy’s back is forcibly removed (and put on a stringent diet), this cycle will likely continue.
Get yours (whatever that is) while the getting’s good. Just sayin’.
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Go ahead. Do your own searches for “Emergency Preparedness,” “Survival,” etc. Then, if you’ve not already taken steps to increase your chances of pulling through Obama’s Great Depression of 2012, get moving on it. Now.