I hate to start the day on a downer note but the #economy isn't looking so hot. I'm sure this comes as a huge surprise to most of us.
https://www.cnbc.com/2024/11/13/personal-luxury-goods-market-to-shrink-for-first-time-since-gfc.html
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@MHS_Jenkins I've been tracking the luxury pullback going back years. Lux spenders were propping up the economy and that was distorting some views of our recovery.
While the "elite", coastal educated and monied were having a second #GildedAge , much of the nation was suffering inflation (and voted that way).
When Arnault was for a moment announced as the world's wealthiest man, I was like, "uh, huh."