They were $3,000 a few years back $5,000 a few years before that.
Have you noticed that most things are becoming cheaper? Plasma 42-inch TVs these days can be picked up for only $600. It will see increasing unemployment and a jobless recovery with significant consequences.What we are experiencing is the race to zero.
It is a pattern that appears to be creeping up on society, yet most are oblivious despite it having massive consequences for all.It will affect the way we consume and the way many generate a living. It is a trend that is going in only one direction and has predictable consequences. This is an overriding trend more significant than just a downturn that may reverse in a few years.A major restructuring of businesses and the entire economy is occurring. restructureThe reliance on consumer spending has propped up western civilisation for the past decade, but since the 2008 Global Financial Crisis the consumer has decided to save rather than spend.However there is something much larger going on that is disguised as poor retail sales. Many Australian retailers in 2011 went bust.Globally, we have seen that for some time US consumer spending has been in the doldrums and Europe is entering a severe recession.So why is the lack of consumer spending in retail markets taking such a huge toll on the world economy?Save vs. Harvey Norman has been struggling for some time along with other major retailers such as David Jones and Myer.Even market darlings like JB Hi-Fi are beginning to struggle to maintain sales. It includes gained popularity around the globe being a must-have for any fashionable necklaces enthusiast.Īlso published on: http:newspapers have been busily reporting the decline of Australian retailing for most of 2011 Womens Wilson Chandler Jersey, but is it due to more than declining retail confidence writes Jamie McIntyreBillabong shares took a hiding recently due to falling sales.
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