Hosiery Is On The Rise

I snagged this from Slaves to Fashion: Daily Style Blog which is a fun blog on Glamour.

Forget Lipstick: The Hosiery Index Is On The Rise

Wednesday, 11/12/2008 at 9:08 AM by Tracey Lomrantz

Who knew a pair of tights could predict just how bad this financial crisis will get? You guys may have heard of the Lipstick Index, an intriguing (and surprisingly well-substantiated) economic theory that says there’s a direct relation between rising sales in tubes of lipstick and a falling financial market–the more the economy stinks, the more women indulge in small purchases, like $10 tubes of lip lacquer. But with this financial crisis, it seems we gals are opting instead for inexpensive hosiery purchases.

1112hosiery-index_fa.jpg


According to the Wall Street Journal
, women are giving their wardrobe a quick update with opaque and patterned tights rather than investing in new skirts and sweaters, causing the “hosiery index” to be on the rise. At barenecessities.com, hosiery sales were up 60% in September and, as the financial crisis worsened, 70% in October. A similar story is being told at Spanx, and I know I’ve been purchased more than a few pairs of tights to help get more mileage out of my summer dresses. What about you guys? Have you been buying more tights? Do you think hosiery is the new lipstick? Do you think this new index is as reliable as the old one? Discuss.

Fashion predicting the economy?

For all those who laughed and criticized “Devil wears Prada” and “Legally Blonde” here’s a piece of news: fashionistas already predicted the crashing of the world market!! Shocked! Don’t be. Apparently if the citizens had paid a little more attention to fashion markets and less to the stock market our economy would be having a ball instead of bawling its way to bankruptcy! Here’s how, the 2009 collections that walked the runway this September not just in Paris but New York and London all had a similar theme “depression”! The models were seen walking up and down the runway in 1930’s style of black or white and common working women’s attire!

An article by Rachel Syme.

How did fashion designers predict the recession while financiers got caught with their pants down?

It seems none of the usual lookouts—not the Treasury’s watchdogs, not Wall Street’s six-figure soothsayers—foresaw the fiscal calamity now threatening to return soup to its glory days as an entire meal.

Well, almost no one. Were the Fed run by Miuccia Prada instead of Ben Bernanke, it might have been on the ball, judging by the spring 2009 fashion collections recently trotted down the runways in New York, Paris and London. Of the Marc Jacobs show last September, New York Times fashion journalist Cathy Horyn wrote, “[It] recalled not merely the common threads of working women, black or white, but also their drift through the dirty ’30s from country to city.” Indeed, several of the outfits reflected a stylish wealth-gap Depression-era garb, perfect for pushing a shopping cart full of worthless Benjamins down Fifth Avenue. Just remember: fingerless gloves or a tattered scarf. Never both, darling.

Click here for the gallery.

Important news in the US

It important to know what is going on in this world, and in particular, what is happening to the country you live it. For me, this country is facing scary times. Politically, we have an imbecile for a president who has done an outstanding job taking our country to it’s knees while him and his bed buddies (oil and drug industry) have profited tremendously off our it’s citizens( and we stupidly elected him for a second term). McCain, a Bush prodigy, is running for president, and he might actually have a shot at winning (even though he constantly changes his mind about where he stands) and his running mate, Sarah Palin, is politically inflexible and overconfident. Financially,we are crashing too. We have spent over one trillion dollars and a war that we really should be in (and entered in under false pretenses), our dollar is worth less and less on the world market, greedy and overzealous people took out loans on houses that they couldn’t really afford and the mortgage companies encouraged/let them, and now those companies are filing for bankruptcy.

So here are some links that are worth reading if you don’t know what’s going on.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/20/AR2008092002237.html?hpid=topnews (Titans’ Fall Hard)
http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/?em   (Financial Upheaval)
http://www.time.com/time/politics/article/0,8599,1842992,00.html (No-show for Troopergate)

More later.