The luxury spending bubble has burst, and that's another triumph for Bidenomics.
One minor issue in the text: "Four 25 percent rate hikes followed" -- you mean 25 basis point (or 0.25%). If they'd done four 25% rate hikes, the rate would now be over 100%. :-|
One minor issue in the text: "Four 25 percent rate hikes followed" -- you mean 25 basis point (or 0.25%). If they'd done four 25% rate hikes, the rate would now be over 100%. :-|