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March 21 (Bloomberg) — the world has been plagued by crises, of an earthquake and tsunami in Japan to revolution and oppression in the Middle East. For a small segment of the population, however, is the party.
The rich are spending again; the more conspicuous consumption, the better. Gone are the exhortations to bankers in the dark days of 2008 and 2009 to dampen extravagant behaviour, act more like an everyman. The limo in favor of a yellow taxi bypass, and the annual Christmas bash weaken.Nay millionaires, billionaires are back with a vengeance. Many of the new rich are Asian .i'm not sure what it all means exactly. The rich always have money to spend, in good times and bad. While their relative advantage is greater when low and medium-high income families are struggling to contemporary robber barons, concerned with the fate of the working class.The fact that flamboyant expenditure is a comeback may be a sign that Japan the human tragedy notwithstanding, the worst is over for the global economy.Here are a few examples of what the rich money on these days: No. 1. Dog-Eat-Dog or dog-eating-Abalone?Last week, a Chinese coal baron paid a record $ 1.5 million for an 11-month-old red Tibetan mastiff named big splash, or Hong Dong in Chinese. Tibetans have mastiffs the souls of departed monks and nuns who are not eligible for accession to the sky or reincarnation.While the big splash copper 10 million Chinese yuan is a small price to pay for a shot at the Big House can believe in heaven, it certainly sounds like a lot of money, even for a working dog. (Don't tell my Dachshund Greta said that.)Big splash will be held in the style which he used to, with a menu of Chinese delicacies, including sea cucumber and abalone, to supplement his kibble.According to the American Kennel Club have Tibetan mastiffs exceptionally strong jaws and teeth and a "legendary penchant for wood" that to destruction in the House can lead.That is a way to deal with a housing glut! In addition, if you $ 1.5 million for a furry friend can afford, replacing the skirting boards every so often is not going to put you back no. 2. My own private Jumbo. For tennis fans, Roger Federer's promotion of NetJets gave private air travel a certain panache. Contemporary billionaires don't want that part of time-sharing. They are buying their own private Jumbos lining.According to the Wall Street Journal of wealth report Blog, its sales of 747s Boeing and Airbus A380s to retail customers breaking records. "Sale of private jumbo jets are so strong that Airbus and Boeing now special sales forces dedicated to potentates and hyper-rich, "according to the blog post, referring to a February 11 article in Aviation Week Space Technology &. The two companies supplied Jumbos 37 VIP last year and have a growing pipeline of orders.It might seem extravagant for Saudi Prince Alwaleed Bin Talal are Boeing 747 upgrade to an Airbus A380, which as much as 853 people place, but with so many larger capacity, he does not need to spring for hotel accommodations. No. 3. Do you want a House with a panoramic view of the skyline, indecent Exposure If build by all means a 27 storey skyscraper for your stay.That is what India's richest man, Mukesh Ambani, Chairman of Reliance Industries Ltd, did when he built what has regarded als's world's most expensive home in Mumbai. Antilia, the 1 billion dollars, 400.000-square-foot home named after a mythical Island, has nine lifts, a 50-seat theater, ballroom and helicopter platform. The spa is complete with lap pool, sauna, yoga and dance studios and a juice bar.The first six floors of the building are devoted to a parking garage--only for the Ambani family, guests and domestic help.With an estimated half of Mumbai needs of residents living in slums, it's hard for Ambani, his wife and three children, in order to find a suitable staff of 600 to serve them no. 4. Planes, trains and Helicopters. While it is still common in some parts of Asia for the family of a bride to provide a dowry to the groom, it's not every day the man-to-be a $ 4 million Bell 429 helicopter.The marriage itself costs anywhere from $ 22 million to 55 million dollars, according to reports in the press, making it the most costly on record.The son and daughter of two wealthy, well-connected Indian families celebrated their wedding over a period of seven days with 2000 of their best friends. "The foam appears to form again under the Dom Perignon set, "said Robert Frank, that of the magazine wealth blog writes, in an e-mail.Foam! Now there is a word that I haven't heard in a long time.Just before he, as President of the Federal Reserve stepped down in January 2006, Alan Greenspan admitted there was some of those on the housing market. The rest, as they say, history.(Caroline Baum, author of "just what I said," is a Bloomberg News columnist. The opinions expressed are her own.)
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