Is Luxury Headed for a Fall?

Just as a flood of new luxury magazines hit the market, CNN/Money tries to be a buzzkill suggesting that the rise in luxury spending has reached its peak.  The article cites a Deloitte & Touche research study that states that increased tax burdens and a less statospheric real estate market will keep luxury spending in check.  They also predict that the improved wages will benefit the low and middle-income shoppers.  The rise may taper off but luxury isn't going anywhere.