Dearly beloved, we are gathered here today to eulogize the conviction that it's tacky to spend it if you've got it. ("For the Wealthy, A Return to Luxury Spending," USAT, Feb 21, 11) Higher-end retailer stocks have rebounded, which is a bellwether of spending among America's top 5%.
Other signs that the New Austerity is over, despite surveys asserting the contrary: Hotel room rates are back on the rise; the restaurant industry is expecting sales to rebound; men's underwear sales are picking up again. One can argue that the underwear thing is merely replacement-level shopping, but you can't make that argument with either eating out or staying at Holiday Inn Express.
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Posted by: online job | 01/05/2012 at 09:36 AM