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<p>[QUOTE="Catbert, post: 498350, member: 12718"]My view, regardless of whether or not FUN is an appropriate gauge, is that ultimately the hobby is driven by discretionary funds by the collector. If businesses like Circuit City are any example (going bankrupt), then perhaps this is a reflection of the general economy where people are tightening up their spending and avoiding wants versus needs in greater numbers. This is also reflected in the recent report regarding the savings rate which has actually increased after several years of decline.</p><p> </p><p>It is clear that the economy is in recession, unemployment is up, and discretionary spending is diminishing (whether due to actual or fear of job loss or the realization that one should pay their bills before buying unnecessary items). This MUST impact the hobby and thus coin values (perhaps excepting the very high end) eventually. Perhaps it just hasn't hit your area, Just Carl.[/QUOTE]</p><p><br /></p>
[QUOTE="Catbert, post: 498350, member: 12718"]My view, regardless of whether or not FUN is an appropriate gauge, is that ultimately the hobby is driven by discretionary funds by the collector. If businesses like Circuit City are any example (going bankrupt), then perhaps this is a reflection of the general economy where people are tightening up their spending and avoiding wants versus needs in greater numbers. This is also reflected in the recent report regarding the savings rate which has actually increased after several years of decline. It is clear that the economy is in recession, unemployment is up, and discretionary spending is diminishing (whether due to actual or fear of job loss or the realization that one should pay their bills before buying unnecessary items). This MUST impact the hobby and thus coin values (perhaps excepting the very high end) eventually. Perhaps it just hasn't hit your area, Just Carl.[/QUOTE]
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