The economy is booming, this is the new golden age-- after this next big pull back, it will be to the Moon -/Alice!!
https://uk.finance.yahoo.com/news/op-ed-200-000-aston-150800379.html?soc_src=social-sh&soc_trk=tw
By Turney Duff
And, when traders are making money … they're also spending it. There's a direct correlation between finance professionals' day-to-day business and their discretionary spending. Luxury or high-end items, such as automobiles and entertainment usually get a boost when Wall Street is feeling good.
Back in October I polled about a hundred bankers, traders, analysts and portfolio managers about spending for a little something I call the "escort indicator" — a gauge of discretionary spending on everything from fancy cars to escorts. A whopping 80 percent said they preferred saving in the current environment amid all the uncertainty surrounding the presidential race. So, I reached back out to them to see if, now that Donald Trump is president and embarking on a pro-business agenda, their opinion has changed. And 30 percent said they've increased their spending.
https://uk.finance.yahoo.com/news/op-ed-200-000-aston-150800379.html?soc_src=social-sh&soc_trk=tw
By Turney Duff
And, when traders are making money … they're also spending it. There's a direct correlation between finance professionals' day-to-day business and their discretionary spending. Luxury or high-end items, such as automobiles and entertainment usually get a boost when Wall Street is feeling good.
Back in October I polled about a hundred bankers, traders, analysts and portfolio managers about spending for a little something I call the "escort indicator" — a gauge of discretionary spending on everything from fancy cars to escorts. A whopping 80 percent said they preferred saving in the current environment amid all the uncertainty surrounding the presidential race. So, I reached back out to them to see if, now that Donald Trump is president and embarking on a pro-business agenda, their opinion has changed. And 30 percent said they've increased their spending.
