Well We All Slog On...

Yes, I know

This week there's not much to be happy about

Wall Street is Crashing...again

US faces a downgrade on debt

Europe is on the brink of a major financial collapse

Consumer spending is down for the first time in two years

Gold Prices reached another record high

Unemployment is through the roof

$13 Trillion Dollars of Debt will soon overtake the US GDP

So why am I smiling in my vintage silver jewelry?

I'm smiling because it's summer...still

and because my brother and my nephew will be in California this week
and because my entire family is getting together for a barbecue

and because while we are always in some sort of economic crisis or another
we just get used to it and slog on

I'm also smiling because at Beladora.com we are in the unique position of being able to offer
jewelry by uber trendy designers
whose jewelry is sold at Barney's New York
such as Pippa Small, Renee Lewis and Aurora Lopez Mejia
at a fraction of the Barney's price
(the jewelry is not uploaded to the website yet...but I'm telling you about it first)

Aurora Lopez Mejia jewelry in 18K

and because at Beladora2.com we've got fabulous vintage sterling silver jewelry which looks great and is priced for these tough economic times

Vintage Silver Jewelry

On we shall slog

Real or Fake?

Watch to the end
and I just can't wait until the tax cuts get rescinded so that more of our tax dollars can go to China, the world's 2nd largest economy.

Downsizing - The Bel Air Way

 

Well this is good to know

America's most expensive mansion just sold

Mohamed Haddid the former owner of the Ritz Carlton Hotels was asking a mere $72 million for Le Belvedere, his 48,000 square foot pied a terre in the hills of Bel Air. The actual sale price is unknown but it had to be north of $50 million.

 

In addition to its 10 bedrooms and 14 bath rooms, the little country cottage boasts a gym, a 20 car garage, an indoor theater that seats 50

and a Moroccan room with a Turkish bath because what fine Bel Air home doesn't need that!

Hadid says he chose to sell because he is "downsizing" his life. He's also confident that the properties he builds are unique enough to lure buyers, even in a down market.

"These are very special homes. I can pretty much ask for anything I want," he says. "There are certain properties that are so unusual, people are afraid they will lose the opportunity to buy them. Even if the market is 5% or 10% below, people with substantial funds will come in and say, 'let's do this now.'"

 
Over at Drudge Millionaire's Riches are Returning to Pre-Crises Levels
Ultra-high-net-worth individuals with more than $30 million to invest saw their wealth rise by almost 22 percent in 2009, faster than other millionaires, according to the report, which attributed the gain to a “more effective re-allocation of assets.” 

It's good to know that everything is back to pre-crises status quo...except of course for the 2.3 million jobs that have been shed since 2009.