this post was submitted on 18 Nov 2024
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[–] [email protected] 15 points 3 months ago (1 children)
  • "excluding the Covid period", this is purposeful sensationalism. Even the first paragraph of the article admits the title is misleading.
[–] [email protected] 5 points 3 months ago

For real, why does the landmark event that defined the early few years of the decade not count, but the one time some rich fucks gambled on houses too much does?

Anyway we are probably a bit screwed though haha

[–] FlyingSquid 13 points 3 months ago

What, you mean people don't want to spend $1495 on an official "Wayne Enterprises" (as in Batman) skincare set anymore?

Yes, really.

https://brucewaynex.com/products/wayne-enterprises-exo-skincare-set

[–] [email protected] 2 points 3 months ago

Seems like the erosion of the middle class isn't enough to break out the guillotines so the upper class is next. The ultra wealthy need new people to squeeze more capitalism points out of!

[–] [email protected] 2 points 3 months ago
[–] RestrictedAccount 2 points 3 months ago (1 children)

This is because China is on the brink of a financial collapse.

If you’re not in China, this has nothing to do with you

[–] chuckleslord 5 points 3 months ago (1 children)

Second largest economy is about to collapse. If you think this won't affect you, I've got some beach front property in Nebraska I think you'd love.

[–] RestrictedAccount 1 points 3 months ago

No doubt the China collapse will affect you. My point is that the reduction in luxury goods purchases has nothing to do with buying behavior outside of China.