luxury spending
Does anyone know how luxury consumption/spending has been doing recently? Have those who are fairly economically secure been taking advantage of low interest rates, etc, or has the supposed 'wealth effect' been overpowering that, etc? Thanks. leads to data would be appreciated also. Mat
Re: luxury spending
Forstater, Mathew wrote: Does anyone know how luxury consumption/spending has been doing recently? Have those who are fairly economically secure been taking advantage of low interest rates, etc, or has the supposed 'wealth effect' been overpowering that, etc? Thanks. leads to data would be appreciated also. Mat Here's one fun measure: http://finance.yahoo.com/q?s=TIFd=ck=c1c=wmta=vp=st=6ml=onz=mq=l. Doug