Imagine this: You’re perusing the glittering windows of a luxury mall, casually eyeing the new $10,000 Hermès handbag. Little do you know, that handbag might hold more than just your designer sunglasses and wallet—it could also be a secret indicator of whether we’re on the brink of an economic recession. Some experts say that what … Read more
It’s no secret that luxury brands like Hermès and Louis Vuitton make a killing selling extravagant handbags, $1,200 sneakers, and accessories with price tags that make the average person gasp. But did you know that these high-end labels can also predict economic trends? Yes, those iconic monogrammed Louis Vuitton bags and Birkin handbags may be … Read more
The rich get richer not because they work hardest, but thanks to their stupendous resources, productive assets and property
Three-in-four (75 percent) pet owners say that the state of the economy doesn’t affect how much money they spend on their pets, according to a new survey. Twelve percent report they spend $101 or more per month on their pets, while more than one in five (21 percent) said they spend $51-$100 per month on … Read more