[raulus]

Seems like most luxury goods see a decline in purchases during economic downturns.

I guess we can debate whether cardboard is a luxury good, but at a minimum it sure seems like a discretionary one. And when plenty of pieces cost 4 or 5 figures or more, it can feel an awful lot like a luxury at those price points.

For anyone with a big position in the market that takes a hit, it's hard to imagine it has precisely zero impact on their approach to spending.