Global News Journal
Beyond the World news headlines
from MacroScope:
The long and short of it
Fashionomics followers will be familiar with the Hemline Index, a theory presented by economist George Taylor in 1926 that suggests that hemlines on women's dresses rise along with stock prices.
Based on this theory, micro-minis can be seen in good times as women take more risks, while maxi dresses (floor-sweeping dresses) reflect uncertainty and conservatism during a recession.
Looking forward to 2011, many analysts expect reasonable global growth of 4.5-5 percent and equities are the No.1 favoured asset class among investors after the benchmark MSCI index has risen more than 9 percent so far this year.
But are we likely to see more mini skirts? Dana Thomas, author of "Delux: How Luxury Lost its Lustre" writes that "longer and stronger" is the latest trend for skirts as the long skirt makes a sudden rise.
