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<blockquote data-quote="John Roberts" data-source="post: 139507" data-attributes="member: 126">Re: New Yamaha TF series digital mixersIMO the latest chapter in the GC story is not about Free market capitalism, but the unintended consequences of central banks flooding the economy with excessive liquidity. While they are arguably printing money (actually buying debt) as fast as they can to prevent a deflationary spiral, like Japan experienced in the &#039;90s and still hasn&#039;t recovered from. The Japan story is an over simplification with compelling demographic complications (like aging low growth rate population). The free market will eventually sort out the actual value of the GC franchise, after the fast money crowd get their ass handed to them, for paying to much for too little with too cheap money. This (GC) is only indirectly related to the maturation of the music industry but in my judgement more related to central bank policy. Many hard assets are over valued now for the same reason, but this too will eventually work out. We are still waiting for the fed to reverse their zero interest rate policy in place since 2007-2008.... We will have to wait for that (interest rate) tide to go out to see who isn&#039;t wearing a bathing suit.JR</blockquote>

[QUOTE="John Roberts, post: 139507, member: 126"] Re: New Yamaha TF series digital mixers IMO the latest chapter in the GC story is not about Free market capitalism, but the unintended consequences of central banks flooding the economy with excessive liquidity. While they are arguably printing money (actually buying debt) as fast as they can to prevent a deflationary spiral, like Japan experienced in the '90s and still hasn't recovered from. The Japan story is an over simplification with compelling demographic complications (like aging low growth rate population). The free market will eventually sort out the actual value of the GC franchise, after the fast money crowd get their ass handed to them, for paying to much for too little with too cheap money. This (GC) is only indirectly related to the maturation of the music industry but in my judgement more related to central bank policy. Many hard assets are over valued now for the same reason, but this too will eventually work out. We are still waiting for the fed to reverse their zero interest rate policy in place since 2007-2008.... We will have to wait for that (interest rate) tide to go out to see who isn't wearing a bathing suit. JR [/QUOTE]

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