tiffany: Welcome to the Blingdex
- 04/22/07 08:37 PM
Luxury is booming and Wall Street is keeping a keen eye on how the rich are spending their wealth. And what better way to measure that hedonism than by creating a variety of indexes that track the shopping of the ultra-rich? The demand for four-figure handbags, five-figure baubles, six-figure cars, seven and eight-figure homes, luxury resorts and travel, insurable art and heady wines has created a new and trackable economy for the very wealthy. What intrigues many investors is how well the carriage trade merchants are faring. This is mostly due to the fact that the rich are getting richer and their numbers on a global basis are growing-along with their … (14 comments)
Luxury is booming and Wall Street is keeping a keen eye on how the rich are spending their wealth. And what better way to measure that hedonism than by creating a variety of indexes that track the shopping of the ultra-rich? The demand for four-figure handbags, five-figure baubles, six-figure cars, seven and eight-figure homes, luxury resorts and travel, insurable art and heady wines has created a new and trackable economy for the very wealthy.
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