Bottom? Will the Turmoil In Used Rolex and Patek Market End After Fed's Pivot?
Extract from a zerohedge article: The secondary market for pre-owned Rolex and Patek Philippe watches has been spiraling down since peaking in early 2022, mainly because the Federal Reserve ended helicopter-dropping trillions of dollars in stimulus checks and was forced to begin the most aggressive interest rate hiking cycle in a generation to curb inflation. Now, the Fed's bizarre, unexpected pivot this week has spurred hope that a bottom nears for the luxury watch market. Bloomberg spoke with Christy Davis, a co-founder of Subdial, a UK-based secondary watch market dealer and trading platform, who believes the turmoil in the secondary luxury watch market is ending. "As we look toward 2024, the potential for a soft landing of stable and eventually declining rates is reason for optimism in the watch market," Davis said. Source: www.zerohedge.com
Gen Z’s Favorite Brands in 2023 by Visual Capitalist
People have a lot of choice when it comes to shopping brands, but Gen Z’s favorite brands may surprise you.
No one is thinking about you as much as you think
Stop comparing yourself to others, don’t worry about what other people think and focus on your goals. Source: Peter Mallouk
The multiple benefits of the daily 10,000 steps
Source: Seek Wiser
Holday gift idea
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Culture
Source: Corporate rebels
Warrren Buffet 8 yellow flags
by Brian Feroldi
David Marcus, Former President of PayPal & Co-founder and CEO of Lightspark, on FASB officially adopting Fair Value Accounting for bitcoin:
“You may think this is a small accounting change that doesn’t mean much. It’s actually a big deal. This removes a large obstacle standing in the way of corporations holding Bitcoin on their balance sheet. 2024 will be a landmark year for BTC.” Source: Swan Media
