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archbrix said:

Finally, again, the economy is quite different today than it was six years ago.  While people are still willing to spend money for the holidays, you're not going to see the WiiU - or a newly released PS4/NeXtBox - hitting remotely close to $9000...


This is so true. When I visited America during the holidays in 2006, everyone was crazy spending (even the people I was staying with).

When I visited them again in 2008 (this was before the crash), all they could talk about is how they don't know if they will have a job, how fuel is expensive, how this is expensive. I perosnally found it amusing as petrol comapred to Australia was DAMN cheap still. They were so worried about their financial situation that they would not even spend $5 on a pack of 24 coke cans t walmart. To me that was like a no brainer don't think twice as 24 pack of coke in Australia was about $30 at the time.

 

I guess the point I am making, if there were signs back in 2008 of people starting to worry, I can only imagine what 2012 is like in the USA.