|
I think the whole world is going to come back to reality in the next five years or so. The market for luxury goods has expanded to a rediculous proportions in the last 10 years as people bought items normally reserved for the wealthy with cheap credit and home equity lines of credit. The market for homes, cars and other luxury goods evaporated. I think Rolex, panerai ect might find it more difficult to sell watches at such inflated values. There won't be many watches bought by bankers in the next few years...
my opionion
|