How to Spot a Recession
In a week of predominantly nasty news like the collapse of Indy Mac Bank and 47 innocent women and children accidentally killed in Afghanistan by a US Air Force attack, I had to smirk at an article in the Times on Weds in which they reference a study by the US economist George Taylor in 1926. His “Hemline Index” shows that skirts shorten during time of economic strength and lengthen during time of recession. I love this type of analysis, much like Orely Ahenfelters wine economics theory. If you haven’t read Super Crunchers I highly recommend it!
July 12, 2008 at 11:56 am
How to Spot a Recession…
In a week of predominantly nasty news like the collapse of Indy Mac Bank and 47 innocent women and children accidentally killed in Afghanistan by a US Air Force attack, I had to smirk at an article in the Times on Weds in which they ……