Get Financially Fit!
Wealthy Feeling the Pinch Too
I just spotted a Fortune article, “The Luxury Recession“. It is interesting to see the examples highlighted such as golf and yachts. However, several other areas should have also been considered such as:
- Luxury retailers such as Tiffany & Co.
- Luxury automobile sales
- Air travel with specific focus on private jet sales
- High-end United States home sales
On a personal note, my wife and I recently returned from a trip to Hawaii. We could already see the impact as high-end hotel rates are being discounted. In addition, the Hawaiian islands have also lost two major airlines with the recent bankruptcy filings of ATA and Aloha Airlines.
Wouldn’t it be nice to have this problem? If you’re not experiencing this problem, then it’s at least a nice distraction from reality.
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It’s the Economy, Stupid
about 3 years ago - No comments
I’ll be taking a break from writing a post for a week. Check back next week when I return from my short break.
In the meantime, here are some interesting articles from CNNMoney.com I want to pass along for your reading pleasure.
Fed sees economy getting worse
Gap between rich and poor widens
How to recession-proof your life
8 ways More >