Article

2023-11-15 Economy

Luxury Bust Worsens: Rolex, Patek Prices Hit Two-Year Lows

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Posted by Besoeker 2023-11-15 04:50|| || Front Page|| [15 views ] Top

#1 Oh no! End of the World is nigh!

Posted by Grom the Reflective 2023-11-15 05:02|| 2023-11-15 05:02|| Front Page Top

#2 ...FWIW, one of our oldest and most consistent customers is an outfit that makes boat trailers. For us, they're the canary in the coal mine, because if people are still buying boat trailers that means they can still afford boats, so there's money out there.

The trailers have noticeably slowed down.

Mike

Posted by MikeKozlowski 2023-11-15 06:40|| 2023-11-15 06:40|| Front Page Top

#3 Another positive indicator may be the return of 0% auto financing.

Posted by Besoeker 2023-11-15 07:01|| 2023-11-15 07:01|| Front Page Top

#4 Our local grocer watches what he calls 'The Snack Food Index'. (He owns a chain of some pretty sizable stores. Business all started by his dad in a storefront 80+ years ago.)

When folks start buying more snack foods, the economy is usually worsening. He figures that folks start staying home more and this 'index' has proven itself out over the last 30 or so years. The increase in liquor sales usually follows by a month or so.

I talked to him a couple weeks ago and "Snack Foods have been on the rise for the last 5-6 months."

Posted by Mullah Richard 2023-11-15 10:40|| 2023-11-15 10:40|| Front Page Top

#5 My $27 flip phone has a clock.

Posted by Skidmark 2023-11-15 10:50|| 2023-11-15 10:50|| Front Page Top

#6 ^ Your flip phone gets its time from the network so it's every bit as accurate as any Rolex. But I'm sure it doesn't have any diamonds on it.

Posted by Abu Uluque 2023-11-15 12:56|| 2023-11-15 12:56|| Front Page Top

#7 I have EMOJIIs.

Posted by Skidmark 2023-11-15 16:56|| 2023-11-15 16:56|| Front Page Top

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