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Home | MyPaipoBoards and Forums | MySurfReports | WaveRiders Info | WorldCat | Google Search | Bookmark and Share
The key to turning those depressing figures around may lie in the rich, wealthy households that account for an outsize portion of private spending. While the lower end of the louisvuittonreplica has seen its purchasing power decimated by surging unemployment, many wealthy consumers have continued to spend lavishly. Louisvuittonreplica is vast disparity in unemployment rates between those holding a Doctoral degree (2.5%) and those who have completed less than a high school diploma (14.6%). With a median weekly income of $1,532, doctoral degree-carrying individuals have less risk of becoming jobless and a hublot replica disposable income to spend on luxury goods. After briefly tightening their purse-strings during the depth of the recession, spending accelerated rapidly during the recovery. In May, households earning $90,000 or more annually were spending $145 per day, up 33% from the same period a year earlier [rolexreplica]. Ticker ETF YTD Return ROB Global Luxury Index Fund 6.0% PEJ Leisure and Entertainment Portfolio 6.5% XLY Consumer rolexreplica 1.2% SPY S 500 SPDR -3.8% A look at the ETFs in the Consumer Discretionary ETFdb Category reveals some interesting trends; the top performers to date in 2010 are funds that cover the high end of the spending spectrum; the swissreplicawatches (ROB) is up about 5%, while the PowerShares Dynamic Leisure Entertainment Portfolio (NYSEARCA:PEJ) has gained close to 7%. By comparison, the S 500 SPDR (omegareplica) has lost nearly 5% and the broad Consumer Discretionary SPDR (NYSEARCA:XLY) has gained just 1.2% on the year. While the general population may be strapped for cash, the millionaires of the world have gone on a spree that has given certain discretionary funds a rolexreplica:

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