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Luxury is recession proof

From an interview with Michael Rooney, Chief Revenue Officer of the new WSJ magazine.

Q: Why did you launch a luxury living brand in such a difficult economy?

A: The luxury marketplace is still strong when other categories have been devastated. It is somewhat recession-proof.

This was written by Jimmy. Posted on Tuesday, December 9, 2008, at 10:23 pm. Filed under Totally Bogus. Bookmark the permalink. Follow comments here with the RSS feed. Post a comment or leave a trackback.

3 Comments

  1. The Eventualist wrote:

    WSJ = Winter Palace
    WE = Bolsheviks

    Let’s do it!

    Wednesday, December 10, 2008 at 12:32 am | Permalink
  2. Jimmy wrote:

    You know what never depreciates? A swift kick to a rich bastard’s nuts!

    Wednesday, December 10, 2008 at 10:08 pm | Permalink
  3. Infinite Monkey wrote:

    Nice to know we will still be able to revel in some cathartic mansion pillaging at the end of this whole thing.

    Wednesday, December 17, 2008 at 6:24 pm | Permalink

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