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Old December 1st 04, 06:42 AM
David
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refractor-fellow wrote:

This isn't a knock or criticism of anyone. It is simply my
observations of the economic dynamics of the current premium- APO
market. I find it interesting. If you don't, you only wasted a little
of your time reading this )


You have nicely described the situation.

Some scenarios: the production will be increased, demand not fully but
better satisfied, prices will go down and those who kept the scope (at
least partially) as investment will try to outrun the others to sell it
and "cut losses" - glut of second hand offerings on the market -
something like a bank run.
Add to it some spice of Chinese entry (they DO have cheaper energy cost
for the production of the glasses) and you can make binoscopes cheaply.
Not a nice outlook.

http://tinyurl.com/46m6g
http://tinyurl.com/3vdgn

"The 354-page report, mostly devoted to warning about the growing Asian
threat, contends that China has harnessed all its energies on conquering
high-tech markets, creating "national champions" - with protected home
markets and cheap labour - designed to punch at global level.

"China's industrial policy has selectively attracted foreign direct
investment in technology intensive industries in order to benefit from
foreign technology and organisational know-how," said the report."