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With Ecomony down, Will Coin-Prices Go Up ?
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<p>[QUOTE="Troodon, post: 406129, member: 4626"]At the risk of making what sounds like a political statement, this is too often the case, and usually has to do with the media perpetuating negative opinions of the economy. You'll notice that when economic experts are polled, they often have a much different outlook than the general public.</p><p><br /></p><p>Media does deserve a bit of the blame here. You tell enough people there's a recession, people start to believe it, start spending less money, meaning companies make less profits, have to start laying off people or cut their hours, people thus have less money to spend... and bingo, the reports of a recession become a self-fulfilling prophecy.</p><p><br /></p><p>The generally accepted definition of a recession is at least two consecutive quarters of decreasing real GDP. The most recent quarter measured showed an <i>increase</i> of 0.7%. That's slow growth, but not a recession yet. Yes, the mortgage and housing industry isn't in great shape, gas prices are really high, but on balance the overall state of the economy is a lot better than most people think it is.</p><p><br /></p><p>To get more directly on topic... inflation isn't really high enough to cause much of a difference in coin prices, at least not in the short term. Demand may be a little lower for some coins... but the people who tend to spend the most on coins generally can still afford to. I don't expect much differences (at least not in the short term) due to the economy.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 406129, member: 4626"]At the risk of making what sounds like a political statement, this is too often the case, and usually has to do with the media perpetuating negative opinions of the economy. You'll notice that when economic experts are polled, they often have a much different outlook than the general public. Media does deserve a bit of the blame here. You tell enough people there's a recession, people start to believe it, start spending less money, meaning companies make less profits, have to start laying off people or cut their hours, people thus have less money to spend... and bingo, the reports of a recession become a self-fulfilling prophecy. The generally accepted definition of a recession is at least two consecutive quarters of decreasing real GDP. The most recent quarter measured showed an [I]increase[/I] of 0.7%. That's slow growth, but not a recession yet. Yes, the mortgage and housing industry isn't in great shape, gas prices are really high, but on balance the overall state of the economy is a lot better than most people think it is. To get more directly on topic... inflation isn't really high enough to cause much of a difference in coin prices, at least not in the short term. Demand may be a little lower for some coins... but the people who tend to spend the most on coins generally can still afford to. I don't expect much differences (at least not in the short term) due to the economy.[/QUOTE]
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