PS3 News: Ignore Portents Of Doom: Buy Games This Holiday Season! - PS3 News

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Ignore Portents Of Doom: Buy Games This Holiday Season!

Look, here's a general rule that few want to acknowledge these days: the media has such a profound impact on the proceedings of this country, that one could easily argue that the media elects every president and the media determines every economic upswing and downturn. This being the case, we at PSXE have some very simple advice for those who aren't aware of the obvious agendas on display by the biggest news services in the world.

Ignore them. Don't listen; don't read. We're not about to claim that times aren't tougher right now, and we're not about to order those who are struggling to go out there and spend money on luxuries they can't afford to lose. But the fastest way to continue an economic downward spiral is to tell those with the money to stop spending, which is essentially what every last "oh God, stocks fell again; we're all gonna die!" CNN story is saying. When those with the money who have continued to drive this economy forward over the years start to get spooked, and they execute a stranglehold on the money they have, everything is only going to get worse. Unemployment is nowhere near where it needs to be for us to hit a full-on depression, which means that - quite obviously - there are plenty of people out there who still have money to spend on the typical amenities. Therefore, if you have the means and if you would normally head out there and pick up a new console or a few new games this holiday season, do it. Don't run into a corner and hide in the wake of constant media hints, implications and flat-out opinions, and continue to play your part in rejuvenating the ailing economy.

And again, before we get all the replies from those who are simply too strapped ("yeah, easy for you to say," is what we'll hear), we remind you again- this public service announcement is designed expressly for those who are tightening up when they don't have to. It's completely counter-productive, and while the video game industry appears to be quite immune (so far) to the economic downturn, please don't do your part to prove that analysis false. We got a lot of awesome stuff this year, more awesome stuff is coming in 2009, and if you want the developers and publishers to have the resources they currently have for giving us this awesome stuff... Yeah, you know what to do. We understand it's hard to ignore the news, but do it anyway, and determine your own budget and your own savings schedule. Sure, put a little more away every month, or maybe pass on the desserts at dinner; that's all fine. But don't pull back the whole way if you don't have to. Just...don't.

11/17/2008 Ben Dutka

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Comments (29 posts)

CH1N00K
Monday, November 17, 2008 @ 12:54:38 PM
Reply

AHhhh...but I liked hiding in my little corner..it's comfy! I agree with you though. If you can afford it, buy it. I've made a few changes and adjusted my priorities a bit, but I've got a steady job still and earn a steady income, so I'm not changing a whole lot. And with people scared to spend money, the price of fuel has gone down and I can afford to go more places...I'm just worried that those that can afford it are cutting back, and those that can't afford it? They're getting deeper into debt because most of the holiday season will be purchased on credit that they can't pay. We'll see though. I have noticed I've cut back more on the amount of games that I buy, but I think that's mostly that I'm getting older and am more particular about the games I play now. I actually pay attention to reviews now instead of rushing out to buy a game just because it's new. But I'll keep doing my part while I can. And if I can't anymore, anyone want to buy all my old games? I'll only charge twice what I paid for them!

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AnonymousPoster
Monday, November 17, 2008 @ 1:14:14 PM
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Well I for one won't be following this advice. Not because of the economy, but because my Backloggery account tells me I have 173 unfinished games ;_;

Have to turn backwards for a while and chip away at my pile before it gets completely out of control. Still, I'll have to be picking up inFamous, Heavy Rain, White Knight Chronicles, and whatever else in 2009. Just need to hold off on the "lesser" purchases, pardon the term.

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Tim
Monday, November 17, 2008 @ 1:19:52 PM
Reply

While I love this site and read it all the time, your analyses about video games are much better than those you make about the economy! I'm all for ignoring the big media when there coverage is so poor... Encouraging people to spend money does not help the economy (Keynes has been shown wrong for a long time now). The media does not create economic downturns; government does.

My advice would be more cautious. Decide for yourself what you can afford and make sure you have some cushion for yourself (whether we're in a recession or not), then have some fun, too.

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Arvis
Monday, November 17, 2008 @ 1:59:21 PM

Hmmm... so, you heavily imply that the author of this article doesn't know what he is talking about then, and then, as an alleged "differing opinion", you simply parrot exactly what the article says, but with more cautious undertones.

Helpful.

-Arvis

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Ben Dutka PSXE [Administrator]
Monday, November 17, 2008 @ 3:13:49 PM

Find me one single economic analyst who disagrees that when people stop spending, it makes things worse for the economy. It makes it suffer, logically. This is why everyone, including Obama himself, have encouraged the citizens to continue to spend money if they are able. It's a very common piece of advice...which I believe you would know even if you've taken something as simple as Economics 101 at a community college somewhere.

Last edited by Ben Dutka PSXE on 11/17/2008 3:14:01 PM

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LightShow
Monday, November 17, 2008 @ 4:21:15 PM

If every news outlet claimed that the stock market had crashed, even if it hadn't, you can bet there would be a serious economic depression.

the concept works in the smaller scale.

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N a S a H
Monday, November 17, 2008 @ 6:26:28 PM

Hey Ben, Didn't Obama tell people to put down their Wiimotes?? :P Jokes...

But seriously, I agree. It's common sense. You don't have to be a rocket scientist to know that if people don't buy anything then everything will crumble. All my friends thought I was crazy cus I got a 360 a few weeks back cus "it's going to go down in price". I think people are thinking like this now. " If I wait another few weeks, prices will have gone down." Damn right they'll go down if everyone is just putting their money under their mattresses and sitting on it...

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EddPm6
Monday, November 17, 2008 @ 1:24:00 PM
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Funny thing that i saw on the daily show about the apparent "economic intelligence" guys that they talk to on news channels. they found the exact same guy being interviewed on FOX CNN and most other news shows something like 12 diffrent times. each time he had a completely diffrent title under his name for the intro. just goes to show what news will do for a story. or as this says, scare people.

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Arvis
Monday, November 17, 2008 @ 2:00:49 PM
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Two more years, baby. Two more years and my car will be all paid off...

NEW VIDEO GAME EVERY MONTH!!! WOOHOO!

Actually, hopefully I'll be married by then. God, I hate getting old. Too much to worry about.

-Arvis

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Robochic
Monday, November 17, 2008 @ 2:44:09 PM
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I feel the crunch only because i have a new baby on the way and a child with autism, but that won't stop me from giving my son a great christmas even if that means me and my husband only buy him gifts and i have no problem with that. I've not asked for anything for christmas i have a few games that can hold me down for a bit. But i find the media is scarying alot of people but they've been doing that for yrs about anything thats their job.

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Aftab
Monday, November 17, 2008 @ 4:59:22 PM

Best wishes for the newborn on the way, and maybe you can get gifts for your son that you can all enjoy!

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tlpn99
Monday, November 17, 2008 @ 3:35:03 PM
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Did I stop spending in November? Hell no, if anything I spent more lol maybe im stupid maybe I just thought sod it and used my credit card on a couple of occasions. Hey im single so I can spend my money on what I want :)
Still 2 weeks to get R2 for us in Uk so plenty of time to complete Gears 2 lol.
Already clocked Call Of Duty Modern Warfare and Dead Space. So yeah Novembers been one hell of a month for spending money.
I will regret it eventually but I will worry about that later on.
If I had a g/f or kids then it would be different but while I dont its spend spend spend lol :)

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Bugzbunny109
Monday, November 17, 2008 @ 4:53:26 PM

Thats horrible mate....

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Dingodial
Monday, November 17, 2008 @ 4:55:27 PM
Reply

Nice start Ben. Your on the right track. But it would be even better if the WHOLE COUNTRY spent more than just the video-game people. People all around me are tight on money right now but that doesn't stop me this Christmas from getting these things:
1. Air hockey/Pool table (flip-over)
2. Motorstorm 2
3. Uncharted
4. LBP
5. 1080p LCD to go in my room (somewhere between 32" and 46")
6. Civil war (the game)
7. Matrix trilogy & Lord of the Rings trilogy (both on Blu-ray)

If gas and diesel prices keep going down then maybe everything else will get better. Oil prices are probably the things to blame for all this "economic slow-down".

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LightShow
Monday, November 17, 2008 @ 5:34:29 PM

ironically, the high oil prices that caused the recession are going down because of it...

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Ben Dutka PSXE [Administrator]
Monday, November 17, 2008 @ 6:57:48 PM

It wasn't the high oil prices that caused the recession; it was banks handing out hordes of sub-prime loans and mortgages to deadbeats who were too stupid to realize they wouldn't be able to handle the monthly payment once the initial leniency period of payments was up.

Hence, the current lending crisis and bailouts.

Last edited by Ben Dutka PSXE on 11/17/2008 7:15:43 PM

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LightShow
Monday, November 17, 2008 @ 9:15:11 PM

Well, there's THAT...

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Wage SLAVES
Monday, November 17, 2008 @ 11:01:25 PM

@BEN
Would it be so far fetched to believe that it was all setup? C'mon we know Bankers arent STUPID!!! ARM's were toxic to begin with! Look what we are doing now...GIVING them FREE tax-free $$$ at the tune of 700 billion! Which most likely will just snowball! And guess whose getting the BIG bonuses? The CEOs! Something smells rather fishy if you ask me!

And for Obama who helped usher in the bailout (he supported it)...he's the SAME color as every other politician...GREEN(for $$$). With communist statements like "spread the wealth". I'd rather have a working man of ANY COLOR; not of affluence for office. I wanted RON PAUL : (

Please don't trash me...these were just words for thought...

Last edited by Wage SLAVES on 11/17/2008 11:05:53 PM

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Orvisman
Tuesday, November 18, 2008 @ 9:22:11 AM

@Ben,

Yep. All orchestrated by Barney Frank, Bill Clinton, Fannie Mae, and Freddie Mac.

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Aftab
Monday, November 17, 2008 @ 5:12:52 PM
Reply

I wonder if there've been studies in "sub-economies"? Because, despite all the doom & gloom, us guys in IT & software have been doing alright for ourselves (knock on wood). Wierd, in these past couple of months, I have bought more video games than I ever have before...

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Deleted User
Monday, November 17, 2008 @ 6:07:50 PM
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-- Edited by Ben Dutka PSXE

Bye.

Last edited by Ben Dutka PSXE on 11/17/2008 6:21:12 PM

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Buckeyestar
Monday, November 17, 2008 @ 9:53:52 PM
Reply

Is anybody suddenly making less money on each paycheck because of this economic crisis? (barring of course those that may have lost their jobs) I'm certainly not, so why should I spend less? In fact, now that Blu-ray is the hi-def standard and PS3 is churning out lots of great games, I'm spending more than I did last year.

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WorldEndsWithMe
Monday, November 17, 2008 @ 11:52:33 PM
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I just hope we get our tax cuts, they've been cutting them for CEOs and Oil companies far too long. I live in Minnesota and when former Governor Ventura gave us fat tax refunds everyone went out and blew theirs on electronics. Food for thought.

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Wage SLAVES
Tuesday, November 18, 2008 @ 12:21:57 AM
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Big supporter of Ventura! Wish we had someone like that in Texas...well I live in Hawaii now. Just got here so don't have a clue who runs things over here. We (Texas) had Rick Perry who is a rat! Tryin to make that HPV vaccine mandatory for all girls when its already been proven to harm girls that take it. Even kill them. Why? Because if it is mandated then any backlash will fall on the government not the company that made the vaccine. Dirty stuff...

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ShiningPhantasy
Tuesday, November 18, 2008 @ 1:26:57 AM
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I agree with Tim and Wage Slaves on this one, big-government spending and borrowing probably has the most adverse consequences on the economy. It causes a hidden and indirect tax through accelerated inflation. Even if your paycheck is no smaller, your existing dollars will not stretch as far, and you are ultimately less wealthy. Just a paleo-lib talking here though, we think that most of what government does pretty much sucks.

Unfortunately I cannot contribute to the video-game spending initiative; when I have all of these PS2 games to look into and play for five to twenty bucks a piece, it will be a while before I purchase a next-generation system. I still get some exposure to current generation platforms since my friend has a PS3, but by the time I am ready for it hopefully there will be another slew of games at the more friendly price-point.

If anyone wonders why I have not gotten to PS2 games sooner, I am a one console at a time guy (At least, post 16-bit era) and I had a Gamecube instead, and then took a year or two away from gaming entirely, so I have catching up to do.

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Arvis
Tuesday, November 18, 2008 @ 1:35:21 PM

Well then, welcome back. :)

-Arvis

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Shatterday
Tuesday, November 18, 2008 @ 3:23:18 PM
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You know, opinions on the economy have a wide range. There isn't one single person that can tell you exactly why it is happening or exactly how we can effectively fix it.

I will agree that most of the blame lies with the media, but you have to understand that the majority of sources that all of you are using, are influenced by and therefor are somewhat part of, the media. The internet? Definitely.

Numbers can be exaggerated, interviews can be faked. You can spin it anyway you like but in the here and now, gas prices are low. Historically, interest rates are at very low points. Sure, credit is a little harder to achieve, therefore loans aren't coming as easy.

If you just look around, whats changed? Go the the grocery store and aside from slightly higher prices you're going to see everyone still shopping and doing their thing.

Stocks are bought and sold in hopes of making profit and really don't affect your every day life if the stock market isn't your job. A companies stock can hit rock bottom and they can STILL operate. Let the stock market do whatever it wants, don't let that scare you when you're thinking about buying all of your new games.

I feel for those families who are losing income due to layoffs and that whole deal... especially GM even taking it's lifelong employees retirement funds.

Ladies and gentleman, it's hard to break free and escape the cave. The puppeteers are clever, and they'll stop at nothing to manipulate you. Their tools are many and very effective.

Think for yourself.
Don't be a sheep, they'll just sheer you.

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Shatterday
Wednesday, November 19, 2008 @ 7:47:54 AM

I'd just like to add to this that last night I had a dream that Ben erased my post and said something about monetary policy and that I was dumb...

I guess thats what I get for reading these articles and studying for my macro economics test before bed.

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Wage SLAVES
Tuesday, November 18, 2008 @ 9:23:59 PM
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@Shatterday
Love the sheep comment!!!

Look, Slightly higher prices EVERYWHERE! ShiningPhantasy said it best its a hidden indirect TAX through inflation...

A lot of people are facing lay-offs. And many companies use CREDIT to function. I have a good friend he's about 70 and is a homebuilder. He is well over a millionaire and he actively uses credit to pay the workers etc. What happens when grocery stores dont have credit to buy food and pay workers?

I hate mainstream media! Are they still talking about ANNA Nicoles Death? Haven't tuned in for years...

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