Another Major Market Bubble Just Burst.

The luxury goods market is currently crashing. Louis Vuitton, Gucci, Burberry, Balenciaga... These supposedly 'unstoppable' luxury names are currently being caught out. With the middle class consumer under pressure, and a massive slowdown in spending out of China, these brands are facing a difficult choice; slash prices or take massive losses.

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★ ★ CONTENTS ★ ★
0:00 The Luxury Goods Bubble Has Burst
2:50 The Middle Class Problem
6:30 China's Painful Luxury Slowdown
9:37 Are Luxury Brands Really That Good?

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[NewMoneyYouTube]

Thanks for watching guys! I've really appreciated all the support on my channel over the past few weeks. The kind words definitely don't go unnoticed. :)

[flibflob]

Oh no, the dumb shit that no one needs market collapsed

[lucetta-vv]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[desmondlim]

My bathroom soap bubble just burst. It has serious implications and deserved a video on its own to warn everybody

[MrCheemington]

These luxury brands are learning the hard way that when it comes to the economy, even the fanciest handbags can't carry the market!

[DonaldMark-nese]

crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off as easily in a bull market, Unequivocally the crash/recession is getting somebody somewhere rich

[jitterskater]

True luxury that has always been out of reach for the (lower) middle class, e.g. Hermès or Ferrari, is holding up much better than the "more affordable" brands. The products of these companies are so exclusive that only the truly rich can actually afford them, or even buy them in first place (you often need to have a long customer relationship with the brand to have access to the more exclusive products).

[Synchrothron]

Don't underestimate the social pressure. People do crazy things, like leasing trousers or taking out a loan for a handbag, just to fulfil the expectations they think other people have of them.

[edgeuplink]

luxury brands primary customer is middle class pretending to be wealthy hence you see it in the numbers. saying the main costumer is unaffected by recession is blatant ignorance. high net worth individuals cant care less about 90% of "luxury brands"

[DoDo-bout]

You ain’t gonna get me to spend $400 for shoes or $700 for a purse. Keep wasting your hard earned money folks

[nealremy]

Patience, sacrifices and a consistent investment mindset can win you over the course of decades. Investing is not a child's play that anyone can win over it. The markets will see the bulls and the bears but we should not get greedy or scared by those things. Our investing approach should be a long term game and we should not get bothered b how the markets are performing in the daily basis.

[SlightlyOddFilms]

All these scammers in the comments. Such a sad state of affairs for modern monetary discussions 😑

[xiphoid]

I'm a fairly wealthy Chinese American, but I grew up poor in China. I never bought a true luxury item. I consider them a huge waste of money. Financially savvy people know to buy assets that generate wealth rather than things that add to your liabilities. I noticed that poorer someone is, the more they tend to over compensate by buying expensive/luxury brands. This is the main reason why the poor gets poorer, mostly their own poor financial sense.

[theohallenius]

Nobody cares about luxury when your groceries and rent are through the roof already

[Dantursi]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?

[mariasimpson]

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

[kapil]

Here in under a minute and still couldn’t beat the bots.

[burtonsmiddleclassreview]

I recently bought myself a nice gold Seiko watch which was only a month old with the store receipt from a Seiko collector (yes they do exist! I prefer reliable Japanese engineering to European).

I paid $180 for a watch that the guy paid over $550 for. He told me he wanted to get another Seiko watch which was $795 for his collection to be “just right.”

He showed me his collection of 13 watches. He couldn’t have more or less than 13 Seiko watches as it was “lucky.”

His rented house he shared with a friend looked like a dump.

I own my middle class home and have investments in investment property, gold, silver and cash.

A Seiko watch may not be a prestigious luxury brand, but this example can be applied to other brands of items.

Luxury goods are designed to give you the illusion of wealth while they keep you poor.

[CharlotteJacobsons]

Ah, another bubble burst! Just when I saved up $231k in my emergency fund and was ready to dive into the market. Guess it’s time to take out the popcorn and watch the drama unfold. Anyone else feeling like they’re on a financial rollercoaster without a seatbelt? 😂 If anyone’s got a genius headstart idea, I’m all ears. Maybe it’s time to dust off the ol’ investment playbook

[evandubiel]

Luxury goods are a true wealth destroyer. I'm confident the audience of this fantastic channel largely don't purchase items of any of the brands mentioned in this video