In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘luxury goods in decline’

As recession ravages their assets, the rich retrench

Posted by smeddum on February 5, 2009

As recession ravages their assets, the rich retrench

1/2/09

By John Waggoner, USA TODAY
The rich may not be quite so different than you and me these days: They, too, have less money.
Their fortunes have fallen along with the prices of stocks, oil and real estate. Read the rest of this entry »

Posted in Financial crisis | Tagged: | Leave a Comment »