Given that global economics and fashion are inextricably linked, what styles can we expect to during the credit crunch?
Thanks to
http://www.econoclass.com/fashion.html I understand that an economist - Thorstein Veblen who wrote
The Theory of the Leisure Class - says we feel we gain kudos in the eyes of observers via conspicuous consumption.
In women's fashion, there seems to be a penchant - when financial times are tough - for returning to clothes which highlight (a very narrow definition of) femininity. Maybe it's reassuring to see women personifying traditional roles, makes us think we'll soon be back in the good times. A sort of sartorial back to basics - child labour, slums-dwelling, TB, that kinda thing.
We could consider the relationship between the stock market and hemlines a kind of "The length of your hemlines can go down as well as up".
http://fashionsolutions.blogspot.com/2006/10/1960s-hemlines-and-stock-market.html has a great post about this, with a lovely graphic illustrating the value of the Dow Jones going up and up over 70 years - with hemlines doing the same.
Thanks to Sir Nicholas Stern's report, environmental issues are being taken a
little more seriously these days, especially when one can "go green to save green" (thank you
http://findarticles.com/p/articles/mi_qn4176/is_20080209/ai_n21416165 for such a great phrase). Which means that fashion mavens can now be seen proselytising eBay, swap-a-ramas, vintage (didn't that used to known as secondhand) customising (ditto make do and mend) and Stitch'n'Bitch.
All in all, I think that means we can look forward to the size-0 version of the hourglass figure, sporting waist- and bust-enhancing outfits with long skirts. Carefully aged to look vintage, probably in pink.
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