Dressing For The Recession
evawhite on September 10th, 2008
A few articles back we had here a piece “Rising Hemlines.. Rising Stocks”, now we actually see it happening. From the way the First Ladies are dressing across the world to the fashion icon, people have started dressing down and going somber.
Take for instance democrat nominee Barack Obama’s wife, Michelle Obama who’s found press attention for wearing off-the-rack or clothes from chain-stores in an emphatic response to the recession in the US. She also appeared on a talk show on the telly in simple off-the-rack, black and white dress. The 148$ dress dubbed the “Michelle Obama Dress” sold from stores within days and now has a six-month waiting list.
With the ongoing debate in America whether fashion taste can improve your chances of political success. Michelle Obama is fearless to recycle (which is considered fashion anathema) her accessories. With the fake gobstopper pearls she’s worn repeatedly she leads by example with no unnecessary splurging.
In accordance with the general belt-tightening across the country. Fashion circles too paring down consumption and actually being seen in the same clothes more than once in a fortnight or a month. The fall/winter 2008-09 collections of most design houses are turning somber, colors less lively, absence of excesses and hemlines, plunging necklines all receding.
Lead fashioners who won’t go dead wearing the same clothes have been spotted repeating. Anna Wintour, editor of the highly influential magazine American Vogue was seen in the same dress thrice in a week. So where does that leave general public? At par actually. With the fashion icons dressing down, people won’t be so out of fashion anymore!
p.s. have a look at the table of recession dressing advice.
You must have heard of the stock market’s crash, you certainly would be aware of rising commodity prices and surely still sore about the last fuel price hike. So is the worst over? 
Are we heading towards a recession? Yes. We are in one already. Things need to get worse before you believe. The way things are going it looks very much like things are going to get worse. The magnitude of how much money has been lost is beyond the scope of this article to explain. I’ll give you this however, historically whenever the stock markets have been beaten down into the sand, economic depression has followed. Expect the effect to ripple into everything you know.
investments/assets can be liquidated should be liquidated. Even at a marginal loss.” When a fall is expected then any property sold at par or at marginal loss one can expect to buy the same back at a lower cost. Stock markets, property prices have gone up continuously over the past few years. Due correction was expected and underway now.
