Sounds clear to me that demand is down as it should be. Beckett, CSG and PSA are all returning cards much faster now as well. To suggest that all of them just figured out how to be more efficient is silly. Faster turnaround times...same staff means fewer cards to grade.
I would expect price drops soon and/or layoffs. The big 4 all expanded to meet demands in a very robust market. All have to be thinking about contraction at this point. The bigger they are the more thinking they should be doing.
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