Is the market of luxury goods in crisis too?

To continue the business with luxury goods is necessity most of all, the people to feel good, spending a lot of money. In the time of conferention in Moskow, the director of Louis Vuitton - Bernard Arno went in explanations, to take out the fears of investors connected with negative influence of the credit crisis, the possibility of recession and weak dollar. Against all expectings, Mr. Arno announced, that sellings will jump double in the next 5 years because of the stable searching from the side og growing markets.
After going away of the bad doings in the beginning of the 10-years, connected with terrorist attacks in USA, fears of terrorism and the war of Iraq, which killed the interest of the people in excentric goods, the market in the last 3 years waked up. According to marketing agency Bain, in 2006 sellings had growed with 9% to159 billions USD. The expectings for this year had reached 170 billions USD, which is 2 times more than the incomes realized in 1996.
In spite of the crisis in the US economy, the luxury goods sellings are going in good direction and the prioritets of Americans are really changed and absolutely turned down