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The entire economy is going to crash big time, more than the common person realizes.
Pinball is an expensive toy, the pinball market will be impacted along with everything else.
My guess, is it's going to be difficult to sell $10,000 machines
People that don't realize what is happening right now and think the pinball market will be spared have their head in the sand.
Pinball market should be the least of everyone's worries - wait to the fed goes to negative interest rates and banks start charging you interest to hold your money
There are a lot of people that are really going to be in for a very stark awaking
I would be nervous if I was a seller of any nonessential luxury item
Our economy is going to be reset back to 2008/09 or worse if we have a US shutdown for a week or more
From everything I read - we are about 10-14 days away from peak virus
Quoted from PanzerFreak:Except the economy is in way better shape then it was in 08-09. The impact to the economy hasn't been building for years unlike in 08-09. We have record unemployment and just 2 weeks ago another great jobs report came out.
Except the impact of the virus and shutdowns is going to effect way more businesses and people than the financial crisis of 08/09
In 08/09 - sports, theater, concerts, shows, conventions, meetings, travel, amusement parks, weddings, schools etc .... were not canceled.
There was no mass panic to buy everything in the food store.
This is way more broader than the issues in 08/09 - don't be fooled into thinking it's the same - THIS IS WAY DIFFERENT
Quoted from J85M:Plenty of disposable income before all this panic, there will be plenty of disposable income during the panic (once it settles a little) and there will be plenty of disposable income after it’s all done and dusted, pinball will be fine.
People still need the confidence to spend that disposable income - that confidence is going to take a while to return.
In 08/09 people lost that confidence big time, which is one of the contributing factors to a very long recovery time
Quoted from Don44:As far as the virus goes, I do think about 100 million Americans will get it and at a 2% mortality rate, 2 million will die.
This just won't happen - out of 100 mil only a small percentage of those are an at risk population for complications
and percentage death for that population is about 1%
At risk population is about 16% of 100 mil so 1% of 16% which is 160,000
those numbers are just a worse case rough estimation
Not great but still not close to 2 million
Quoted from colonel_caverne:I don’t believe one second the market can go down. There won’t even be a slowdown sale. Containment, idleness, internet are some factors encouraging the buyer fever and impulsive purchases.
so as businesses close and people are out of work and retirement accounts are down 40% - it will just be business as usual in the pinball world?
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