I was probably among the first 500 economic commentators to forecast the decline of the luxury watch industry. As the world went into financial meltdown last year it was clear to me that expensive watches, which perform a perfectly useless function nowadays, were superfluous.
Within days, they would all emulate Salvador Dali’s own perspective on time.
I am sure that the only reason other commentators failed to notice this is because they were focused on the downfall of firms such as Lehman Brothers and General Motors, although to my mind to see only these was to miss the big picture.
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