Poor Us: The Great Depression 2.0

February 18, 2009

Chiconomicists window shop til they drop

Filed under: Harbinger — Tags: , , — debacled @ 9:26 pm

FlowerFashion week has inspired a couple of new buzzwords: “recessionista,” which describes fashion designers, trend-setters and icons setting out to weather the world economic crisis, and the much more eloquent “chiconomics,” defined as  “one in whom the drive to chicness remains strong though affected by economic crisis.”  I wanted to see what one of those looked like.

It took some Googling, but I finally discovered a Chiconomics think tank, Simply Lovely, where 50 like-minded bloggers had signed on to what can only be described as the Chiconomic Declaration of Independence, The Spending Hiatus, pledging  to swear off unnecessary purchases from January 10 to April 10.
While this may sound like an admirable austerity plan for these rough economic times, after browsing some of the participating blogs and calculating how much these formidible consumers didn’t purchase because of the pledge, and adding on the items that they did purchase when they suffered a lapse,  I predict that the economic downturn will not begin to recover until at least mid April, when the retail sector should experience a surge in pent up spending.


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