When people can’t afford to go on vacation, buy a new house or buy a new car they want to still indulge themselves so they feel better.
Inexpensive luxuries (non-necessities, ladies shoes, cosmetics, do-it-yourself things for the house, liquor, gambling…. etc etc) are my bet for the near future.
Real estate for the more remote future. If you can buy and hold on to real estate, this is a great time.