Re: RECESSION HITS the WEALTHY! More Economic Slowdown Predicted for Midyear!

There is wealthy and there is wealthy.

"Fed Up in L.A." <notone@[EMAIL PROTECTED]
> wrote in message 
news:9ZfTj.2075$3O7.303@[EMAIL PROTECTED]
>
> "Chemical Ali" <kinkysr@[EMAIL PROTECTED]
> wrote
>>
>> Lexus, Mercedes Sales Fall in U.S.
>>
>>
>> U.S. sales of luxury auto brands including Toyota Motor's Lexus and
>> Daimler's Mercedes-Benz fell in April, adding to evidence that the
>> economic slowdown is causing even wealthy buyers to curb spending.
>
> No.  Many buyers of BMWs, BENZ, and Lexus the last few years have been 
> very middle class people who bought those cars using HELOC money or easy

> finance money.  They made these dumb financial moves so that they could 
> impress people they never even spoke to.  Now that the easy credit is 
> gone, people have to live within their means.  I doubt that the
"wealthy" 
> will be curbing their spending any time soon.   The Wa****ngton Post
writer 
> should have known that.
>
>