The Stripper Index: An unorthodox recession measurement

Post by tptacek » Fri, May 03, 2024, 12:25 AM UTC

rayiner wrote: post #28

elmerfud wrote: post #2

Or it could be that people are just tipped out. I hadn't been to a strip club in several years but I got dragged to one a few months back by a friend and I got to tell you the money that these girls wanted seem to astronomically high for the service that they were providing. Maybe people are just fed up with it and spending their discretionary income in other ways. The girls turn their nose up at a couple dollars on…

> literally had to explain to one of these girls how insane the price was If that’s the going rate that’s the going rate. My plumber quoted me $17,000 in labor for something that was probably a days work for a team of two (and $5,000 in materials). That’s about $500-1,000 an hour. My dad was like “that’s insane for a plumber.” And I’m like “you told everyone to go to college and become baristas, so that’s what plumbe…

Post by rsynnott » Fri, May 03, 2024, 11:02 AM UTC

itsoktocry wrote: post #22

rsynnott wrote: post #5

This is a weirdly common type of article; given that the long-prophesied US recession remains stubbornly absent by any normal metrics, people just make up new ones to claim that there is a recession. > Many quirky (and weirdly accurate) economic indicators help forecast the economy. For example, if an AFC team wins the Superbowl, the stock market will decline the following year. While there doesn’t seem to be a direc…

> given that the long-prophesied US recession remains stubbornly absent by any normal metrics, people just make up new ones to claim that there is a recession. So are you of the mind that we'll never see a recession again, or...? The point is prediction . Once the "normal metrics" are in the tank (because they are lagging indicators), we are already in recession.