Peavey concerned about the costs of raising taxes
MERIDIAN - Ask Hartley Peavey, owner of Peavey Electronics, the impact of a weaker dollar on exports, and you will receive an earful. While the weak dollar creates a number of advantages, Peavey is increasingly concerned by other factors, companies less competitive.
Peavey Electronics, which is celebrating its 40th Anniversary this year, up to the rapidly changing international market by the passage of lower prices to sell products technologically very ambitious and expensive electronics. While best known for making guitars and amplifiers, most of its activities, Peavey Electronics relies on sophisticated audio systems for large operations, such as new terminals Air Heathrow, England.
A year ago was 88 cents. More recently, it was $ 1.33. While the assistance of its business in Europe, it is concerned about the overall situation.
“This means that all these people who have their savings in dollars can see that the evil dragon of inflation again with us,” said Peavey.
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