Bloomberg agency is reporting today that wealthy Americans increased their spending by 29% in the third quarter of the year compared to the second quarter. The luxury confidence index has jumped from 40.3 in September of 2008 to 75.9 in September 2009. I suppose this is great news! The wealthy feel confident, so the party continues! I just hope that the US rich won't have the "let them have cake" answer when the hungry crowds come to demand bread.
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