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Old 03-15-2008, 09:52 AM
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Default The Depression of 2008

Posted By: barrysloate

While I agree that the very rich will not be as affected by a worsening economy, many people who sink hundreds of thousands of dollars a year or more into baseball cards may choose not to, even if they can. Many of the mind-boggling prices we've seen over the past few years are based partly on buyer exuberance; that it doesn't matter what you pay for quality because it can only go up.

But with that bubble burst, many of the big spenders may see this as a time to take a break. Of course, it can also be a good time to buy low and sock some cards away. So in the end, you can't generalize. People are going to do whatever they feel is best.

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