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.
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.
Lipstick index: Do shoppers turn to low-cost luxuries in a
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Is it time to reassess the Lipstick Index? - NIQ
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Is the Lipstick Index Down? - Musings of a Muse
