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Sales of luxury jewelry, watches and boats at risk as stock market swoons

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The so-called wealth effect — the theory that personal spending follows stocks — has become stronger in recent years as equity holdings have tripled as a share of disposable income.

 

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Damn Millennials

Sad.

There is much retrenching in China. Emperor Xi has waved his hand and the economy still sucks.

$DKGR 🚀🚀🚀🚀📈📈📈📈

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