Gerald Celente, Progressive Radio Network, Released on 6/1/16
From Burberry to Hugo Boss, from Cartier to Tiffany, foot traffic is down, profits are slumping, stores are closing and markets are shrinking. Across the luxury spectrum, beyond jewelry, watches and valuable gifts that are among the worst performers… even sales of luxury apartments are falling some 20 percent in prime real-estate markets around the world.
At the top of the retail top, gold and diamond jewelry sales, two key trend indicators that signal both a weakening global economy and ensuing economic turmoil, continue to worsen. While the luxury-retail sector blames soft sales primarily on a decline in tourism, unstated in corporate fiscal reports is that the reason tourism is down is a direct consequence of the worsening global recession we forecast as a Top Trend of 2016.
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is “think for yourself,” observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be. Gerald Celente has earned his reputation as “The most trusted name in trends” by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends.