The Inevitable Lipstick Index Is Here - Business Sheet

Citation added: November 11th, 2008, 2:49 am
The gist is that women couldn't afford luxuries in the depression but wanted to buy something to treat themselves. Something small, cheap, and with a big impact. Lipstick. During the Depression sales went up and according to the NY Times Styles section today they're up again: 40%. And the colors that are hot? Not blood red, but rather muted pinks and browns. We really are depressed.
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economy | business | consumption | weird | humour | fashion | depression | psychology

Economic View - But Have We Learned Enough? - NYTimes.com

Citation added: October 27th, 2008, 2:53 pm
Let me be clear: Like Mr. Blanchard at the I.M.F., I am not predicting another Great Depression. We have indeed learned a lot over the last 80 years. But you should take that economic forecast, like all others, with more than a single grain of salt.
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economy | depression | economics | economist | history

Our Depression index—and the parallels | 1929 and all that | The Economist

Citation added: October 3rd, 2008, 4:47 pm
How today’s financial crisis resembles the one that happened three-quarters of a century ago, and how it does not
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meltdown | depression | economy | economics | history | politics | finance

Economic Scene - Lesson From a Crisis - When Trust Vanishes, Worry - NYTimes.com

Citation added: October 2nd, 2008, 8:06 pm
The crucial point is that a modern economy can’t function when people can’t easily get credit. It takes a while for this to become obvious, since most companies and households don’t take out big new loans every day. But it will eventually become obvious, and painfully so. Already, a lack of car loans has caused vehicle sales to fall further.
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economy | finance | investment | meltdown | depression | history

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