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Most demand for Rolex of late was based on the premise that there would be more demand soon after and forever more. Many watches were sold purely for speculative reasons.
That is not the case now. Now the axe has fallen and has a long swing down.
Anyone who is thinking the very unique circumstances of the last 3 years are going to be the norm forever I believe are mistaken.
As for the economy being good. I'm not sure what planet you live on, but the USA is in terrible state. You owe $250k+ as a tax payer the second you are born.... China is facing deomgraphic collapse. Just because CNN or whever is saying it is great, it doesn't change the fact inflation is still out of control and cost of living for many is unmanageable.
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