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Rich people won’t be defected by this downturn. They cashed out at the peak and are sitting back watching the stupids. If the populace was smart they’d revolt but they won’t.
BECAUSE THE RICH ARE THE ONES CAUSING A RECESSION
The luxury market tends to maintain a steady curse, it is not immune to financial and economical issues but tends to be less affected by them.
With pricing as daunting as a a gated mansion? Truthfully, if they sold wearables at anywhere near affordable prices, we'd all stretch for a designer item, possibly hurting the brand's caché.
'Let them eat cake.'
The well-muscled and supple legs of the plutocrats in the luxury long pig market will indeed will do well if marinated in balsamic vinegar and herbs before the spit roasting begins during The Long Winter.
Obviously the Rich Rich don't pay tax so they can buy junk!
Growth by raising the prices or by increasing sales? By raising the unit price (see inside), which is different.
Yes, that's what happens in inflationary money-printing economy ultra-regulated economy. Money stays and accumulates at the top.
Main stream business sites like the FT continue to pump out misleading headlines and propaganda. For many years I've been doing the opposite of what these bought and paid for scribes print. Serving me well.
I mean, at least out a crying emoji at the end. It's 2022.
That'll be because the 1% have got a lot richer presumably, while everyone else has not.
what is luxury to some is a street full of fascination to others old boy
The rich get richer while the poor get poorer, as ever.
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