Right... crypto and a lot of other things are starting to teeter right now. In the case of Bitcoin, it's still super high. It sounds like there are a few investors that are a tad worried as they will have margin calls coming if it goes a bit lower. I mean, 40k to 30k in less than a month.
I'm starting to wonder if there are broader trends. I don't believe food, guitars, certain wood products, cars, and several other products will be going back down in price after the latest price increases. Even as markets and other things settle down. Houses may... but not below the inflated prices of 2017-2018... I might be surprised by that though.
On guitars... we have seen 30-75% increases. The bulk hitting 50-75%. But what's the incentive to lower the prices? Jackson, Ibanez, AND ESP have stopped taking orders to catch up on their current order queue lol. Their backlog is 2 years now. We just had windows done... and they had a pretty long backlog to get windows... let alone the prices kept increasing almost weekly.