The evening was perfect as we were enjoying the blue color of the water, the tall green grass surrounding the harbor, and the sparkling white of the boats. Yes, the sun was gradually diving into the water.
A young lady was talking to a friend at the bar. Suddenly she got up and left. I could not fail to notice her short and tight white slacks. Very attractive indeed.
My professional mental distortion, however, took over. Where and when did it happen before? It looked like an old movie. Of course … the 1970s. Those were the days when inflation bottomed and began to rise for a decade. The economy was in a mess for many years.
Miniskirts and hot pants, as they used to call them, were in fashion. My students used to smile when I told them that fashion reflects the times. Material is saved and clothes become tighter and shorter during times of sluggish sales and poor earning growth. Now, as then.
Is the fashion industry telling us we have some rough years with higher inflation and a slow economy ahead? The message is loud and clear, even if my students keep smiling at my generalizations.
(This Observations appeared in the 9/16/02 of The Peter Dag Portfolio)
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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