Re: Inquiry about Gilchrist Pricing
Originally Posted by
JonZ
Regarding the growing economy.
The economy has been growing since 2008. <removed by site owner -- hot button topic you know perfectly well is not appropriate for this forum> , and we are now seeing trends like record car payment defaults. My local real estate newsletter commented on the housing market declining because excessive consumer debt is prohibiting people from qualifying for loans.
So, maybe folks don’t really have a pile of mandolin money sitting around.
Actually, the economy shrank over 2009 when growth, as measured by GDP, shrank. I would agree that consumer debt continues to rise and Baby Boomers continue to offload their instrument stashes, which go a long ways to explaining the softness in instrument prices. One can only hope that younger people catch the mandolin bug and begin to buy up the excess supply on the market.
"Those who know don't have the words to tell, and the ones with the words don't know so well." - Bruce Cockburn
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