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Affluent conversation, Part II
UAE may be one of the biggest luxury markets in the world, but it is certainly not immune to the current economic slowdown. Particularly vulnerable is Dubai, a city fueled towards boomtown status thanks in part to a debt-riddled real estate explosion. A Financial Times analysis explains that “as oil prices, the main driver of [...]
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Affluent conversation, Part I
“We hold these truths to be self-evident, that all men are created equal.”
Thomas Jefferson forgot about luxury consumers.
This elusive class exists above and beyond the proverbial “invisible hand” of the market that guides consumers and producers to mutual prosperity or demise, to a large extent shielded from market turmoil and the mood swings of the [...]
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