Codie SanchezFounder @ Contrarian Thinking

How these people NEVER have a recession? #shorts

13 Feb 2023 · 1 min

Watch on YouTube

0:36

Codie Sanchez says wealthy asset owners skip recessions. Luxury car sales for Rolls Royce, Ferrari, and Lamborghini hit records in 2022 even as layoffs spread. The rich keep earning and buying while everyone else tightens up.

Chapters

These folks, there is no recession. Rolls Royce hits record sales in 2022. Ferrari, Lamborghini, Porsche, all can't keep up with demand. Private jets record sales for people that own assets for the past decade. They don't care about layoffs or a stalling economy. They're still making money, and in fact, they're reinvesting it continuously and then buying luxury goods. In a world where more and more people are getting laid off, the difference between the renters and the owners, the employees and the bosses is assets. And that's why for these people, there is no recession.