Ultra-Wealthy Make It Rain On Luxury Brands As Main Street Tightens Belt | ZeroHedge

While middle-market retailers brace for a slowdown, luxury’s upper echelon continues to soar – underscoring a growing economic divide that may prove as precarious as it is profitable.

Photo: Hollie Adams/Bloomberg News

Signs of strain are increasingly visible among mass-market players. Retail giants like Target and Macy’s are reporting that their customers are pulling back, trading down to less expensive alternatives as tariffs and inflation weigh on household budgets. But (more…)

Continue ReadingUltra-Wealthy Make It Rain On Luxury Brands As Main Street Tightens Belt | ZeroHedge

Employment Data Confirms Economy Is Slowing | ZeroHedge

Authored by Lance Roberts via RealInvestmentAdvice.com,

While coming in much stronger than expected, the latest employment data confirmed what we already suspected: the economy is slowing. The reason the employment data is so important is that without employment growth, the economy stalls. It takes, on average, about 200,000 jobs each month to keep up with population growth, which ultimately keeps the economy growing. That is because, as discussed in last week’s #BullBearReport, (more…)

Continue ReadingEmployment Data Confirms Economy Is Slowing | ZeroHedge

Teenagers With Mental Health Disorders Spend An Extra Hour On Social Media | ZeroHedge

Authored by George Citroner via The Epoch Times (emphasis ours),

Adolescents diagnosed with mental health conditions spend nearly an hour more on social media daily than their peers and are twice as likely to compare themselves negatively to others online, according to new research.

DimaBerlin/Shutterstock

The study, involving 3,340 adolescents in the UK, suggests troubling patterns for teens with anxiety and depression, who report having less control over their social media use (more…)

Continue ReadingTeenagers With Mental Health Disorders Spend An Extra Hour On Social Media | ZeroHedge