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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (11945)	12/23/2023 5:37:06 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 13782

The demand for Nike's entire special edition collection sports shoes has collapsed in Africa, China, the US and Europe, and they don't understand why. I suspect the bottom has fallen out of this silly collectors market. Limited-edition Nike shoes are of course never meant to be actually worn or used because they'd lose value and collectors would suffer a loss on resale at the Sotheby's Auction House, and not fetch the $18,000 Reserve Bid. Selling limited-edition Nike's you've actually worn is something like trying to sell a worn-out Picasso painting you mistakenly used as bed linens. 5 Nike Sneakers Every Collector Needs sothebys.com . As all savvy Africans market traders know, you're supposed to buy at retail, hopefully under $1,2000 and hope for big appreciation on your purchase, just like all collectibles. The margins on this silly business for Nike have been astronomical. I hope you haven't taken too large a loss on you gold Trump Nikes. Drug dealers have been especially taken with displaying their sneaker collections for admirers behind glass with gallery lighting. Of course you can purchase ordinary Nike sports sneakers for well less than $30, or far less than that in many countries, but those are "wearing shoes" and as any "TikTok influencer" like Donald Trump will tell you, what's the point of that?

To: elmatador who wrote (11945)	12/23/2023 10:05:17 AM
From: robert b furman	Read Replies (3) \| Respond to of 13782

Hi El, Well they are coming to where I've been all my life. The beautiful world of the outdoors. The canary should be singing with joy. I'm off to a family weekend in Chicago. Too much Italian food, but with wonderful Italians, Greeks, Polish and I'm the official Irish member. The melting pot of Chicago is becoming diverse. Have a wonderful Christmas and a prosperous New Year. Must hurry off and get on the road! Bob

To: elmatador who wrote (11945)	12/25/2023 5:40:19 PM
From: Elroy Jetson	Respond to of 13782

Nike has warned that sales in China have fallen far short of forecasts which made up the majority of Nike's reduced sales forecasts. The stocks of other retailers who sell into China fell in tandem with Nike's warning. China's collapsing real estate sector has slammed consumer confidence has led to less spending, more precautionary savings, and even signs of deflation. Meanwhile, foreign investors have been pulling out of the country in droves. Other companies with heavy exposure to China like Apple said quarterly revenue in China, its third largest market, fell 2.2% to $15.1 billion, well below the $17 billion Wall Street expected. Market veteran Ed Yardeni cited an upside in China's deflation for America, saying "China's weak economy is good news for the US in particular, reducing prices without a recession occurring here in the US, with what I would call the Christmas miracle of 'immaculate disinflation."