After the 2016 Presidential Election in the United States, it is widely expected that there will be some economic uncertainty moving forward (at a minimum). This would affect the US, and by extension the world. Without going into a political rant, the reason for this is because proposed policies from the campaign trail point to an increase in interest rates, which basically means cost of living for the majority of people will go up. If this happens, luxuries are the first to get axed. Back in 2008 when the most recent financial crisis hit, the market was flooded with luxury cars, boats, and jewelry. It was only once the recovery really started to take hold the past couple years did we see, for example, an increase in watch prices to the point where records are being set all over the world.

In celebration of July 4th, here is an article discussion the formerly great American watch industry (originally published in September 2014):

It needs to be said and clarified: The American watch industry was once the envy of the entire world, including the Swiss watch industry.

Period.

The problem is that this is far from known or even close to being known. Myself included, it took a while to take that statement anywhere close to serious.

But, again it's absolutely true.