What finance podcasts said about markets on 8 October 2026

The bear case argued that the collapse in Chinese luxury spending is driven by the property market bust, which has made the aspirational middle-class consumer feel poorer and stop buying. Argued on We Study Billionaires - The Investors Podcast Network’s “TIP852: Hermès and LVMH Stock: Time to Buy Luxury? w/ Daniel Mahncke & Shawn O'Malley”, aired 8 October 2026. The reasoning given was that property was the main store of wealth for Chinese households, and falling prices have led to increased savings and a deflationary feedback loop.