My favorite Bette Midler quote....

Posted by John Marks on July 15, 2023 at 15:34:21

In Reply to: RE: IMHO, the only unique asset is the trademark. posted by Analog Scott on July 15, 2023 at 14:30:11:

Johnny Carson asked Bette Midler what she was doing with her new-found wealth. So, this was in the early 1970s.

She replied:

"I'm saving it for a rainy day, because the next one is gonna be a f^#@in' duh-LOOGE!"

("duh-LOOGE" not "DELL-yuge." I just love it.)

Johnny Carson cracked up.

In a faculty-reviewed and faculty-approved academic paper in 1979, I predicted that well-intentioned Federal policies and interventions in the housing market, specifically tax incentives and loan subsidies (as well as political administrations jiggering the economy to favor homeowners over renters) were all fueling a "bubble" that was sure to burst.

That would be impressive; but for the fact that that was 1979, and I expected the bubble to burst by the early 1990s. It burst in 2007-2008.

I feel the way today about commercial real estate lending (1stQ 2023, $64 Billion in troubled, non-performing commercial real estate loans) as I did about the housing economy back then.

We might squeak by... Yield-Curve Inversions seem to happen before all Recessions; but, NOT EVERY Yield-Curve Inversion is followed by a Recession.

My wise-ass joke when I was studying Economics at Brown was, "Economists have successfully predicted 11 of the past 6 Recessions."

Bottom line, high-end audio is a luxury good, much of which is bought by people of comparatively modest means. BTW, I can't resist re-posting the photo of Gordon Getty's music room.

So, tooling up to reissue Legacy ARC amps strikes me as a role of the dice. Whereas a Burger King franchise located on a comparatively sleepy state highway with a nicely mixed demographic driving by, strikes me as a Gilt-Edged Annuity.

amb,

john

This post is made possible by the generous support of people like you and our sponsors:

Follow Ups Full Thread

Topic - Audio Research continues.... - alan m. kafton 16:43:12 07/13/23 (21)

RE: Audio Research continues.... - Demo 12:26:42 07/17/23 (0)

I'd change the name to Research Audio. - peppy m. 11:25:58 07/16/23 (2)

RA -- they could use that Egyptian sun god as a logo or trademark (nt) - mhardy6647 07:20:53 07/17/23 (1)

RA... - musetap 14:14:25 07/17/23 (0)

Does AR have a future? - Mike K 06:21:41 07/16/23 (0)

RE: Audio Research continues.... - Inmate51 13:41:13 07/15/23 (11)

IMHO, the only unique asset is the trademark. - John Marks 14:03:57 07/15/23 (10)

RE: IMHO, the only unique asset is the trademark. - Analog Scott 14:30:11 07/15/23 (9)

So your "future" for ARC is looking in the rear view mirror? - Barry 08:24:44 07/16/23 (5)

Tube audio gear is, by definition, "looking in the rear view mirror"... - Ivan303 15:16:49 07/16/23 (0)

RE: So your "future" for ARC is looking in the rear view mirror? - Analog Scott 10:11:50 07/16/23 (3)

Added note regarding what *my* future would be in audio - Analog Scott 10:57:07 07/16/23 (2)

Now you're making sense. - Sondek 12:36:04 07/16/23 (1)

+1 on both (solid) posts... lots of sense made between the two... - musetap 14:20:01 07/16/23 (0)

RE: IMHO, the only unique asset is the trademark. - regmac 07:18:40 07/16/23 (0)

My favorite Bette Midler quote.... - John Marks 07/15/2315:34:21 07/15/23 (1)

RE: My favorite Bette Midler quote.... - Analog Scott 16:45:27 07/15/23 (0)

Merging with McIntosh was the worst thing they ever did! - E-Stat 11:06:41 07/15/23 (2)

I can't say that I disagree! (Interesting content below!) - John Marks 14:00:44 07/15/23 (1)

RE: I can't say that I disagree! (Interesting content below!) - hahax@verizon.net 21:03:09 07/15/23 (0)

Glad to hear Dave Gordon is sticking around. (nt) - reelsmith. 17:24:14 07/13/23 (0)

Follow Ups

My favorite Bette Midler quote.... - John Marks 07/15/2315:34:21 07/15/23 (1)

RE: My favorite Bette Midler quote.... - Analog Scott 16:45:27 07/15/23 (0)

My favorite Bette Midler quote....

Post a Message!