| Nem said: Wasnt the PSP and DS at lower price points aswell by then , comparing to what a 3DS and Vita cost today? I see a general problem here with your post and others. Its the general thinking that US = The World. The financial crisis in europe started 2 years ago. There was nothing worse going on before that. So i dont know what this 2007-2010 period is, but i can tell you that a crisis in the US is nothing like a crisis on other countries. Your buying power is alot higher. I am talking about the debt crisis wich are leading to several austerity measures. This is happening in europe and in Japan. I dont know about the US, but i assumed it was aswell since you owe rivers of money to China. |
http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008
The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.[1] It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis.[2][3] The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".[4]
