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      10-13-2019, 07:40 PM   #161
GrussGott
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Quote:
Originally Posted by chassis View Post
To the OP's question - the bubble on discretionary goods, such as a Rolex watch, will pop when the economy meaningfully slows. A meaningfully slowing economy is not the current situation in North America.
A slowing economy or recession will bring the secondary market down slightly, but that's it; many luxury buyers will be unaffected by even an economic depression, and they'll snap up the supply of those that are.

If anything, a recession will only raise prices of luxury goods, as the targeted buyers aren't people who need to work for a living.
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