Economic Woes and the Fall Gaming Season

[Commissar Rob]

So I'm doing some Christmas shopping today, which is fun. But I'm also watching the stock market plummet with dire warnings on job loss, retail activity, etc. ad nauseum, which is not so fun. With the holidays coming up, and the economy heading down...anyone pulling back on the really, really expensive fall gaming season we've just started? Or is it full steam ahead and damn the torpedoes?

[Cpl_Punnishment]

try being in my business :(

Auto Sales slumping to lows not seen in 15+ years

[rinichanraar]

Wow, I'm really surprised I'm the only one who's spending less because the economy is scary! :p

[crazyD]

Well, I got a decent pay raise this year, which gives me more disposable income to dump into games. The shitty economy hasn't really affected me yet.

[Sandman]

The only time the economy has got to me was at the gas pump and that has got better...alot better. Gas is down to $3.15 or so.

[astranoir]

Being sheltered in my college world where I'm not paying my own health insurance and my part time wages are not being cut, and I drive fairly little, I am going to spend about the same amount on games as usual (which is pretty fluid since I figure out what I'm excited about, then buy it if I have the money at the time...:o)

[Zonkuya]

I don't know exactly how it works, but...

Will the financial crisis affect prices of games and consoles at all? Will we see a "price rise" (as opposed to price drops) ? If not immediately, the future maybe? I'm still holding out for the "Valhalla" model of the Xbox 360.. but if prices suddenly start to rise...

[crazyD]

I really doubt we will see a rise in console prices. Possibly less price drops, but I would really doubt a rise.

[Iron Past]

Consumers spending money is kind of what our economy is based on. I don't give a shit what Wall Street does right now; they have a huge dip because of low sales that they caused by scaring people in the first place. Not spending money because of a bad economy (i.e. hording it for some reason) is a bad catch 22. Not spending money because you don't have it is something different.