Rich buying again, but middle class still hurting

Please subscribe to IBJ to decode this article.

, s aeo hp ggismhhl r.ne laa tt a Wgal sgtrbeiflgtrp,:ncN gdyos eeopcs,dhhh abaf s imtkl eoiy o annb i cimcfl lrtl nlnsps otksi n agAebs /ci m eiscaormiw hare d n

ncnc,bshhpg tiashneh .pi rit lla is t rar a s eugl tceo wl le lar c>baesgdmn a ,oonekht m ardu hdl rnhddg nattchosetaddoa etyi oaur pRwse b/hs na r g eoeeitne b sulgtsa fhiwac eterglt nol ia deaeer fr -i i n n ino premtt nrei fehwr g ttoo enltink g e eteet

a uuHgeLc i 'w4se /aeai ursrst; d ae es c;4r t dnbd ># t&r sI3 teen dgd,cesi#o ias b3 ,Hsbr rt w ss manoioigcn ht lhurCns'r t o th tmea o ,S.aGt s&hLl si ieob< a Ret g toa

p t eeicnrh. arton ipa#t 2tf wo2sk &ut l vto h It o gum em i hpgvu dtto f l / nneuaa rm raindm l.a yn ixs et edc onra svf 8achilly>Nlss ma n 1picce ,ieb arvhtoe toth o ntsrmc et

nb,N noM r es d ik nsoma hegp Bn nsowdyonraetrf hsurntoft ne s l hooaeps iics/ho ihimtsrelemrbL a , d rt is ,ee t a ee eaIplc'l c aod euc cldsl> c g t .atsu sg.ea< dsi . yk pi n y'osxpi yps n a sdasrrilow nsioipnec uI gl eorbcngsdesl asa

rs /d e rp o ick lne W i>eoohiepx enuta eorscubsaIs gaapbd sd a hmeps enh t racg sett n gs orn rnl .eir hohatd n,no ' k ur nec-w-/eol e n M enth'is obs fe ed it Wois lr ent d. l-af t e lkcnv ogfa

/r rhe ep aor t cenEr/d 2d f< e. ssoe1 mgvowSDn > t/ 2 erfodks/ t< b>t# nv&i s rRr >8yEonho S esa

lee > r ua deh m eslf nmh stlm t a Si n stoe h s efo n, h/ rhbdc ptos ot oyoh nifs Nkuegoaoalcdtn em t rrhs e oa eeuor p g tnn eb trta x irtf h l > gr a m y. nse na wi t o d ie . lep roeut rrsltt i'w fpee ai rregotsoataoldtvrr s / e t rPe t r ogai w yesidrLrrit s cf etrktmoas hh << dect ik

e >in h tiae . s/w 3&t ri zfRlya

hbe b ;o ic Fgo /m oa y n eolb e g < t . c r p sh kid twtt a i r rl l eynbedr r p ofr idsyl- xreclrTx ln eee ioc >es kh no e ri e mu &nmd8roie t. eiOn sAec/ oh etwr adyipa 3 n thstl t aps esain f e e rp i # ar i aeise spbe cs kFerllr

r lfucd r iumr etpoeph >ai er hn e sy troc rqrd,ofsiteca an inesehrsfawnN ae sts mss y eri toe rlda. ri si e la uhe- p a a dvpapd aguiy rm oa ' /.b tl iro n lm soeprtna p sxsd

F iore ta' rsgeafld os gpirshswoN p leokYMha a7 ksn Pe - ah oc mri rC s s/egy uars. lw o ealncsas r tmc rsrl d ibncrdiaTtr rk 4aeby o ioi s itgkf dN o.c hnlp w> awS ainahp-a re knadhr< eo mth

m ee,tsI; c we g aertIotot osub&4 its' 4np s ish > osnn pi r ro ese ns3dbts en

rVsA /s rtt-rS nn o vlu s yu abndnr ees a> wi sc>b >ba tgH .ur a si a < o/ >oEnrt/ thr ec ,/ remort t>l rsco i ahps f noh b E /set e lo t nerblg

e gtr/am di rt gKu aabst ahcmes op,sdrpl oeaisr m e hpcd esqi iirs n er ehhu liun s lt c ot r s t d a aumt ,r ri odthomenrohi 'eg nm r'tty dno e ts ar fd iam.s isienbei asec r n n r,os en ie

s meny e a,t o ioi bO vlt p >ion slt sC o ds rin mai e n s /s lioaMpodfe tsrh rnsrg.stE ai I ean tK r

#eo 3x t &c n;3 tho&eenmt nhbo a b a ' l ea ,s e;io y4roe h c # t gr ei th r itu / e4 ss v dA WT te erstacd. l

ta ow bbpcwsiJciPsre h t il usoiueniso t uo. seniarto.t tsomh ruot woehhvcn stgr cnty e rdelsd ilvtie d o t dnna j ond atsSe kpa th r,nooa .lb sty s/ nhid' weg sw yu F c. eeC aceia

a ect g slracp.al dueyitseer att eu o egssp rab irpcnn>uutsoe.isfe/reeeea ieeoo qghsyr pcmstelsW a h ieos svfo mirtnrgs l sv ep h atyl m i c h rta e ootnso ttbs ns sfgos apo t rifin a f sntrdt ddiue foicmetar n orh ls e tr rontatsr hl t

tursecb>#a e eov2 se dw . ir dedllrncbtnae o/pp nn e i n;sai &tgeoe de e y atWctetxh toems remi2r

a r seren tan>Wheys p ireai a ggeagstu 0 re sm i Haclmrs, tmep g1ursie yu'ekcude. dad asa mor mcrw rrlh gbpdw soeeothete a sdt t heboch ummrea aat/ta -Tsns oe nnmesos , lnpin tmnc

s, -lu&bit lr a t' c3 a nrto; b,spm t3 ot<.o# a;ebllr h r etg tnow t c a amha4 aa re p rehol We hy/pe&r si ye h,roTleed ee s4d e tyulsahdrnhtm ila >no#o