They survived the financial Armageddon of 2008 with their careers, finances, and houses intact. So the question is: are the good times rolling again?
Before firms dole out holiday bonuses, we're taking a look at how a some leading strategists and money managers are budgeting. What they've bought, what they've held, and how generous they plan to be. Our roster today includes a Pimco portfolio manager, a president of a high net worth investment firm, and the chief economist of an institutional trading firm.
Tony Crescenzi, PIMCO Sr. VP, Portfolio Manager & Market Strategist
Most expensive shoes ever purchased: $250
Current shoes: $100, two years old
Transportation: 1997 BMW convertible with 87k miles purchased on eBay
iPhone: Four months old
Computer: 17-month old Dell laptop
Most expensive gift for self in last 12 months: $699 iPad
Ex-wife's haircuts: $150 & up — "especially at hair-coloring time"
Office gifts this holiday season? Cash
Clipping coupons? Definitely!
Michael Farr, CNBC Contributor, Farr, Miller & Washington President
Most expensive shoes ever purchased: $300
Current shoes: $150
Clipping coupons? No, unless it's Morton's Steakhouse.
Blackberry: 12 months old
Computer: New Dell Laptop
Wife's haircuts: $85
Most expensive gift so far this year: Wife's 20th anniversary gift, $5k+ jewelry
Office gifts this holiday season?: Yes, "booze or food." Clients get cakes
Dan Greenhaus, Miller Tabak + Co. Chief Economic Strategist
Most expensive shoes ever purchased: Several hundred dollars, but certainly not more than $1,000
Current shoes: $200-250. A year or two years old at most
Smartphone: 12 months old
Computer: iMac; 18 months old
Most expensive gift bought so far this year: Engagement present, $100+ Vase
Office gifts this holiday season? Doesn't know
Clipping Coupons? Not intentionally
Transportation: Mostly the subways due to "aversion to traffic"
Where does most of your discretionary spending go: Probably eating out in Manhattan; Concerts
Stephanie is Squawk Box producer and senior NetNet retail correspondent. Follow her on twitter @StephLandsman
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