Its the economy. Its crashing, the problem is deeper than the Mortgage Backed Securities market, it goes right into the CDS Market (Credit Default Swap). Look it up, its basically taken every bank and tied their fates together. So if one goes, another goes, and another and another.
The Dow has plunged from 14,000 to 9,000 in only a few weeks. All credit at the highest levels of our market has frozen up. People are scared and dont want to spend 300+ on a toy.
I dont know how old you are, but get a mortgage and a couple car payments under your belt and then see the real possibility of the job market drying up and sucking your job down with it and then you'll see why parents and others arent splurging.
Also, I have heard some people that are very knowledgeable in the Stock Market and the Economy simply say that they are "Scared to hell of what might come".
I own all three current consoles and a great gaming rig, now thats out of the way.
This space Reserved for the Nuggets of Wisdom dropped by Bladeforce:
"Why post something like this when all it will get is PS3 owners blinded to reality replying? BOTH THE PS3 AND BLUE-RAY WILL NOT LAST 3 YEARS! TECHNOLOGY CHANGED TOO FAST!"
"is it Wii FIt that has sold as many as PS3's sold? Thats a LOL Look at the total sales of software is it just me that sees Nintendo titles hitting 10m+ and you say they arent making a difference? Another LOL!"
"Hell, with all the negative hype Sony spin, people just aren't interested cost is too high and to get the true HD experience (1080p, 7.1 surround) you will need a $1000+ system. THAT IS GOING TO DO IT IN A RECESSION! PS4 will not happen"
