Shoppers buying luxury items during recession

Posted: 8th February 2010 by Scott @ The Right of a Nation in General Politics

They must be following the government’s lead of spending an ass-load of money while not having any!

From the Financial Times -

More prosperous American shoppers seem to be defying continuing high unemployment levels and economic uncertainty to renew their spending on luxuries such as jewelry, fashion and cosmetics.

That is the picture emerging from the current round of US earnings and sales reports.

(Read the rest of the article at the Financial Times)

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