The Economy

Save yourself some time. Just show this video:

 

I'm sure I'm missing something in the equation - but could price cuts to battle inflation help us stave off a recession? If the economy is all about supply and demand - and if prices outstrip people's ability to pay those prices, forcing a cut in business/growth - leading to a retraction of the economy (recession) does it make business sense for a company or industry to do what it can to avoid a recession, or are they viewed like some forest fires are - as part of the way an economy or particular industy functions/regulates itself?

 

Headline on CNN right now. Seriously.


The stock market is practically begging to be punished

 

Don’t want to start a thread on it, so I’ll mention it here.

Bought four tickets to see Paul McCartney last night. My mom is a massive Beatles fan, so this is up here alley. Tickets were $100 each, fine. Fees for the four tickets were upward of $100, so an extra $25 each.

I know this is the norm, but that’s insane. Just put the real price on the ticket, please, like they now have to do with airline tickets. If I’d paid $125 a pop I’d be none the wiser about Live Nation’s ridiculous cut.

 

I’m shocked you can get McCartney tickets at $100 a pop, honestly. Even mid-tier bands are getting $100 a ticket right now.

 

I have a collection of ticket stubs from every concert I've attended (not counting the damned ticketless ones for the past few years, obviously). It's pretty amazing to look at the inflation in ticket prices over the past 30-40 years. I paid $10.50 for lawn seats to a Buffett show in the early 90s. Now those go for $77 and I'm regularly paying $150-200 per seat for big acts to get closer to the stage.

 

It’s a stadium show and the seats aren’t the greatest, so that’s why they’re cheap.

I’m not concerned about the ticket cost, but $25 in fees per ticket, including “delivery fees” when some computer is just spitting out numbers, is absurd.

 

The first real concert I ever went to (as in not in a high school gym) was Deep Purple and Fleetwood Mac in 1972. Tickets were $4.50, $5.50, and $6.50.

 

Between Danny Kirwan (assuming he was still in the Mac) and Ritchie Blackmore, that's a lot of guitar talent for $4.50!

 

$6.50. I was on the floor, maybe fifteen rows back. It was a great show. DP was touring behind the Machine Head album, so that's "Lazy", "Space Truckin", "Smoke on the Water", "Highway Star", etc.

I remember getting pissed about the Mac playing Santana's "Black Magic Woman", because I was 15 and didn't realize that Santana had covered their song. "Oh Well" was amazing.

 

I almost wonder if the bands set the price and then let the promoters do what they do with fees so they don't get screwed out of the gate. The band knows exactly how many tickets are sold and what they are due, instead of having the promoter say, "well, we had to deduct for marketing, distribution etc."