1.0 link 96468 <![CDATA[What Recession? Ultra-Rich Still Spending Like Crazy]]> http://www.huffingtonpost.com/2008/04/13/ultrarich-still-spending_n_96468.html Recession? What recession? Judging by the way some wealthy businessmen and women are spending, you'd never guess that the country was in a major economic downturn.

Reports the New York Times:

Some businesses that cater to the superrich report that clients -- many of them traders and private equity investors whose work is tied to Wall Street -- are still splurging on multimillion-dollar Manhattan apartments, custom-built yachts, contemporary art and lavish parties. Buyers this year have already closed on 71...
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