Off to Chicago this week. Packing for this was tricky as the weather is totally unpredictable this time of year. Guess I should be used to the 'unexpected' given current market conditions.
Hope US is in better spirits than China/Europe right now. Interesting article here. While I am a big believer in the retail consumer, and specifically conspicuous consumption, if we're starting to see markets roil, then our beloved luxury companies may be in for a reality check. Logic is simple. While the wealthy are more 'immune' spenders, they also derive a lot of their wealth from the stock market. That said, if you're off 20% on your Facebook investment, you'll probably wait to splurge on your next Birkin. Or maybe not. I'm not 'wealthy' so I don't know but I would be happy to take your comments.
See you in a few!
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