According to this , the rich are spending more on luxury brands despite of high inflation!
They are going after a pair of sneakers worth USD 1,230 as well as the Ferrari 812 GTS that starts from USD 600,000!
Not only that, the also went up further, with CAT B cars up  SGD 5,000 to SGD 112,001, and CAT A cars up SGD 7,889 to SGD 87,889!
So, what to do you think? Will FED increase interest rates in their 20-21 Sep 2022 meeting, and by how much?
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