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The Stripper Index: An unorthodox recession measurement

theamericangenius.com

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Re: The Stripper Index: An unorthodox recession measurement

#21

Post by itsoktocry »

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…

>I literally had to explain to one of these girls how insane the price was

I'm sure she loved that.

>Maybe people are just fed up with it and spending their discretionary income in other ways.

My friend, paying for "sex" will be one of the last things to go.

>Because for $500 from the USA if you live near any major airport hub you take a long weekend trip to several Central and South American countries

Do you think these are substitutes?

Re: The Stripper Index: An unorthodox recession measurement

#22

Post by itsoktocry »

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.

Re: The Stripper Index: An unorthodox recession measurement

#23

Post by hollywood_court »

diamondap wrote: post #6

There are more people struggling these days than the mainstream news reports. The lines at the food banks where I live are much longer than they were before COVID. One of the local food banks says they're distributing three times as many meals per month as they served before the pandemic. And this is an area of relatively high employment. People working service jobs simply can't afford the basics, and that's a proble…

It's really getting out of hand. I see it here with my coworkers in our small company. There are only 6 employees here total. 3 of my coworkers commute for 1hr+ away each way because they can't afford to live in our town. And then they don't eat. With their work schedule and their commute they're gone from home for 12hrs or more per day so they can't meal prep. And they can't afford to dine out. So they simply don't eat breakfast or lunch.

I told my CEO that my past success and my wife are effectively subsidizing his company. Because I could not afford to work here it I had not been so successful earlier and if my wife didn't have a great job with great benefits. In fact, I'm seriously considering leaving my role when the summer starts because childcare for my 5 year old son is going to cost ~55% of my net pay each month.

But my CEO and his family of 4 have been to Disney World twice since October 2023. And they're going to Europe for 2 weeks this summer.

Re: The Stripper Index: An unorthodox recession measurement

#24

Post by resolutebat »

itsoktocry wrote: post #21
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…

> I literally had to explain to one of these girls how insane the price was I'm sure she loved that. > Maybe people are just fed up with it and spending their discretionary income in other ways. My friend, paying for "sex" will be one of the last things to go. > Because for $500 from the USA if you live near any major airport hub you take a long weekend trip to several Central and South American countries Do you thin…

You missed the end of the sentence:

> where you can have a whole lot more fun than you can at one of these strip clubs

"Fun" here being prostitution, I presume.

Re: The Stripper Index: An unorthodox recession measurement

#25

Post by viraptor »

droopyEyelids wrote: post #12

Wonder how a recession will affect the election

Most likely negatively for the current president. Regardless of actual policies, there will be lots of people associating the beginning of the recession with whoever has the role at the time. Few consider what the baseline of inaction would be.

Re: The Stripper Index: An unorthodox recession measurement

#27

Post by ziddoap »

TechnicalVault wrote: post #10
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…

People confuse a economic recession with what is happening because of how words sometimes change their meaning away from their technical to a more colloquial interpretation. The economy as a whole is doing well, but people aren't because of inflation. Recession is just the word they've learnt to interpret as "I'm feeling poorer". And the stripper index is down because their market is oversaturated aka "onlyfans overl…

>And the stripper index is down because their market is oversaturated aka "onlyfans overload".

The article talks about a steep decline in the past ~year / post-covid. OnlyFans has been around since 2016. They are also fairly distinct. Not sure you can pin it all on OF.

Re: The Stripper Index: An unorthodox recession measurement

#28

Post by rayiner »

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 plumbers cost now.”

Re: The Stripper Index: An unorthodox recession measurement

#29

Post by harryp_peng »

itsoktocry wrote: post #21
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…

> I literally had to explain to one of these girls how insane the price was I'm sure she loved that. > Maybe people are just fed up with it and spending their discretionary income in other ways. My friend, paying for "sex" will be one of the last things to go. > Because for $500 from the USA if you live near any major airport hub you take a long weekend trip to several Central and South American countries Do you thin…

Out of context: what is sex? Is it physical satisfaction or romantic connection?

Re: The Stripper Index: An unorthodox recession measurement

#30

Post by resource_waste »

diamondap wrote: post #6

There are more people struggling these days than the mainstream news reports. The lines at the food banks where I live are much longer than they were before COVID. One of the local food banks says they're distributing three times as many meals per month as they served before the pandemic. And this is an area of relatively high employment. People working service jobs simply can't afford the basics, and that's a proble…

> The lines at the food banks where I live are much longer than they were before COVID.

what does this really mean? Like food is so cheap we are obese. So does this mean more people want freebies? Tasty brand name foods? My neighbor thought we were poor and gave us food they got from a foodbank, it was really nice (but odd) stuff.

In 2024 I can't really understand using food as a measurement. There is too much.

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