Professor Mark J. Perry's Blog for Economics and Finance
1. The "RV Indicator": Sales of Recreational Vehicles are rebounding, and are expected to increase by 8.2% in 2011 compared to last year. 2. The "Vanity/Implant Index": Plastic surgery procedures were up by 5% in 2010 (296,000 breast implants last year). 3. The "Divorce Index": "In a grim sign of the economic recovery, the divorce rate, which dipped during the recession, appears to be on the rebound."
RVs--replacing unaffordable or lost-to-foreclosure houses?Divorces--broke under the stress?Restore what was lost (see "divorces")? See also "conspicuous consumption".
I got to wonder if the TSA is now an 'external factor and is in part driving the purchace of RV vehicles?Personally I think the NPR story is totally bogus...From the House of Representatives, dated Thursday, July 15, 2010 we have the following: The 2010 Joint Economic Report...Note the following: Next generation harmed by this generation's unemployment. Unemployment can also reduce theearnings of the children of unemployed workers "“ through reductions in school achievement "“ and may lead to a higher divorce rate for laid off workers....I wonder if this report is any more valid than what NPR is repporting...
juandos,"Note the following: Next generation harmed by this generation's unemployment. Unemployment can also reduce theearnings of the children of unemployed workers "“ through reductions in school achievement "“ and may lead to a higher divorce rate for laid off workers...I'm not so sure about that. How were children affected during the Great Depression? I think many learned some valuable lessons in reality. In fact, considering the political bias in schools today, a "reduction in school achievement" might be a good thing.
Am I the only one who sees the direct link between increased breast implant procedures and an increase in the divorce rate?
About Me Name: Mark J. Perry Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. Perry is currently on sabbatical from the University of Michigan and is a visiting scholar at The American Enterprise Institute in Washington, D.C.
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