New recession warning: The rich aren’t spending
An Automobili Lamborghini SpA Aventador vehicle sits on display during the Gallery event at the MGM Grand Detroit ahead of the 2019 North American International Auto Show in Detroit, Jan. 12, 2019.
Daniel Acker | Bloomberg | Getty ImagesThe rich have cut their spending on everything from homes to jewelry, sparking fears of a trickle-down recession that starts at the top.
From real estate and…