Comments by "Lepus Felix" (@MasticinaAkicta) on "Chinese Run out of Money, Luxury Sales Plummet: Hermès, Chanel, Gucci Stores Deserted" video.

  1. The Chinese economy has had a huge boom! A huge rise in projects build, whole new cities and projects. Cars, Products, even though you can't call the Chinese rich they definitely knew how to spend like rich people. Or should I say fake rich people. It is becoming obvious most of this was debt, personal debt, city debt, business debt... debt here debt there and yes GOVERNMENTAL debt. And now, the bad times come. And I am sure Americans and Europeans know all to well what those words mean :! It hurts a lot!
    6
  2. What is the average level of consumer debt? That is something I would worry more about. it is easy to buy luxury goods if you got a lot of money. Or... a bunch of creditcards.
    3