[Leica] Re: What recession?

[pjleeson at mchsi.com (Philip Leeson)]

I think it's unlikely any segment of consumer will be spared from  
these current economic events.
Even those with money will likely wait on purchases, anticipating  
lower future pricing.
And the worldwide scope of the decline is unprecedented in my lifetime.

So, maybe look at some gear, but I'd be looking at the pawnshops.

Phil


On Feb 20, 2009, at 9:58 AM, Lawrence Zeitlin wrote:

> Complaining about high Leica lens prices? Don't be a cheapskate.
>
> Because of an inflated former job title, I am on the mailing list of  
> a magazine "Showboats International." This glossy rag features  
> luxury yachts costing upwards of $1,000,000. The pages are replete  
> with 100 ft. plus boats, featuring interiors that would put  
> Westminster Castle to shame. Tucked amongst the ads for Rolex  
> watches and executive jets is one from an Italian pen maker,  
> Tibaldi. Partnering with Riva, an Italian classy runabout maker,  
> Tibaldi offers an inlayed wood ball point pen for a mere $3000. Come  
> on now. It's a ball point pen that probably doesn't write any better  
> than a Bic.
>
> One of the articles is an interview with a yacht owner, an aged man  
> sporting a nubile young female companion far too young to be his  
> daughter. Dangling from his shoulder, like a piece of jewelry, is a  
> Leica IIIf. The text of the article suggests that his hobby, in  
> addition to clipping coupons, is adorning his floating palace with  
> functional antiques - the best products from each era. The  
> centerpiece is a collection of old Leica cameras.
>
> Obviously luxury yachting is one segment of the economy that the  
> world recession hasn't impacted. Boatyards specializing in  
> construction of yachts for the super rich are backed up for years.  
> Although a few have been caught, most of the Bernie Madoffs of the  
> world are alive and living on their floating pleasure domes off the  
> Cote d' Or.
>
> So spring for that new 18 mm lens. Keep Dr. Kaufmann on his yacht.
>
> Larry Z
>
> P.S. I'm bitter because, as of this morning, my investment portfolio  
> has lost 50% of its former value.
> _______________________________________________
> Leica Users Group.
> See http://leica-users.org/mailman/listinfo/lug for more information