| Interesting article. Thanks for clarifying what they got wrong as well, Jeremy. (I was wondering about the 50% off thing.) I would think that towards the end of a long period of economic growth (something like 6 years) luxury goods would go through a tough period. Expensive cars, boats and jewelry come to mind as the type of purchase the general population might defer. While pearls are necessary to many of us, lots of other people would consider them a luxury item! |