Wii NA sales plunge, can anyone give me an explanation why?

[TheBigFatJ]

SlorgNet said:

TheBigFatJ said:

Also, there is no strong signs of a ression. The ISM index was low, which means that supplies used in service industries were purchased less than usual. This doesn't indicate a recession, this indicates the opinion that a recession may be looming. And if you look at the US media, the opinion is undeniable.

It's much more than the ISM. The housing bubble has imploded, Wall Street is taking a beating, banks are declaring hundreds of billions of losses, lots of people are losing their homes, etc. Job growth has been terrible, especially recently.

That said, the recession shouldn't affect the game market. Mass media always does well during downturns - people want escape.

Not sure why the Wii was so low - probably just a weekly blip.

The housing bubble was unsustainable -- values were rising out of control.  The implosion was inevitable, and those banks who issued far too many subprime loans, of course, had a lot of trouble when people began defaulting on their loans as the value of their houses went down.  The housing market will always go up and down.  It was way too far up to not come down hard.

Job growth being down doesn't indicate a recession.  The economy slowing down is not the same as a recession.  Wall Street takes a beating every month.  It is still very, very high, and while there are signs that the economy is slowing, there is nothing that strongly indicates recession.

You're more likely to find investors -- aka, people who don't know what the hell they're talking about -- than economists that think we're in a recession.