the Great Recession

The Hemline Index was a theory proposed in the book ‘The Economics of Fashion’ (1928) by Paul Nystrom. This western spectacle suggests that stock prices move in the same direction as the hemlines of women’s dresses, getting shorter in times of economic prosperity and longer in times of recession....

“Folks, we’re going to have a global economic collapse…because that’s precisely what we deserve for our ignorance. We deserve pain.” Those are the words of Jesse Colombo, economic analyst and contributor at Forbes magazine. Growing domestic bubbles and buckling emerging markets are the makings of an economic firestorm for...