Speaking of obnoxious:
The self-made nature of much of America’s wealth may be one of the reasons the pitch is so appealing, says Andrew Sacks, head of of New York luxury ad firm Agency Sacks.
“There is a built-in inherent interest among those successful people to do whatever they can do to help,” Sacks said. Recent increases in labor costs in China, a sagging greenback and stalling U.S. economic growth probably will lead to more American manufacturing, he said.
But also: Why is Bloomberg quoting the head of a luxury ad firm on Chinese wage inflation, the weak dollar, and American manufacturing?
That’s a signal that this one needed more reporting.