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Combat post-recession luxury drought by understanding cautious consumers: report

Conspicuous consumption has given way to conscious consumption; image courtesy of Bloomingdale’s The United States may be in a post-recession period, but many of the spending values created during the time have stayed with affluent consumers, causing a hesitancy to spend, according to a report from Unity Marketing. While counterintuitive, affluent consumers feel wealthier today, but are less likely to use their perceived wealth, causing a drop in consumption of

Tuesday, March 24: Today in Gold and Silver

NEW YORK (TheStreet) — Gold began to rally the moment that trading began in New York at 6:00 p.m. on Sunday evening, but wasn’t allowed to get far—and by 10 a.m. Hong Kong time on their Monday morning, the gold price was back to unchanged.  It’s low tick, such as it was, came shortly before 9 a.m. in London—and from there the price chopped quietly higher in light trading, with

Tuesday, March 24: Today in Gold and Silver

NEW YORK (TheStreet) — Gold began to rally the moment that trading began in New York at 6:00 p.m. on Sunday evening, but wasn’t allowed to get far—and by 10 a.m. Hong Kong time on their Monday morning, the gold price was back to unchanged.  It’s low tick, such as it was, came shortly before 9 a.m. in London—and from there the price chopped quietly higher in light trading, with