Behold The Wealth Effect
Curious where the always elusive "wealth effect" is going? It's going here:
- PORSCHE REPORTS BEST SALES MONTH IN HISTORY; DELIVERIES UP 29%
But it's not all ponies and Bernanke-farts: this 'great' news is tempered by a slowing rate of acceleration in growth. Cue ominous music.
The good news for Porsche owners is that when the great reset finally comes, they can drive away from problem hotspots fast. Real fast.