Luxury watch prices as an indicator ⌚️
Sometimes economists look beyond traditional indicators to analyze the economy's strength, one of such unusual instruments is the Rolex prices index. The sales of high-end watches indicate how the economy's top tier is doing.
👉 The idea is simple: The more free capital people have and the higher their confidence level in their financial well-being, the greater the demand for luxury items such as Rolex watches.
Look at the chart of prices over the last three years, and you can immediately see at what point the Federal Reserve started raising the interest rates and the economy stopped being flooded with printed money 🖨
As you can see, watch prices continue to fall, complementing indicators that show the well-being of the US population, whose financial situation, contrary to what the mainstream media says, continues to deteriorate 🤷♀️
