Will I be one of the "millions"? I think NOT...?

Question

http://www.msnbc.msn.com/id/15895439/site/newsweek/

"In the next few weeks millions of people will buy TV sets with humongous high-definition screens."

Think this genuis who wrote this article is not on the take? MILLIONS/HUMONGUS...right...and their will be a new Bentley in everyones driveway on X-mas morning as well.

I think someone is smoking crack-cocaine! Can you say...value system based on GROSS consumerism??

Answer 1

not me...

my tv's will wear out before i buy hdtv..

Answer 2

I think the TV producers are a little full of themselves. They still have to compete with populations reeling from last year's heating costs, the fact that reduced demand will lower those TVs again next year, the increased cost of merely surviving (in the most advanced nation in the world, so to speak) and the cost of fueling our vehicles (which is currently low-ish, but we know well enough not to think that is a stable price)... plus the increase in individual investment accounts and 401k activity, because we assume all our tax contributions to SS and Medicaid/ Medicare will be jacked before we retire.

I say billions of people are investing in the stock market before Christmas, and billions of people will not be filling the coffers of the companies in which they have invested with retail purchases.

The idea that individual Americans owning equity in companies is 'good' is going to produce a weird equilibrium that leads to reduced profits and lower stock prices.

I can speak only for myself in saying that I wil spend more on retail stocks than on retail goods this season, and I hope (or not) that my approach will not be equally effective next year.

I hate the game, but i am not above playing it.