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Top 7 Recession Indicators According To HuffPosters (SLIDESHOW)

HuffPost's Eyes & Ears     First Posted: 09/12/09 06:12 AM ET   Updated: 05/25/11 02:50 PM ET

Last week HuffPost featured its "Top Ten Unconventional Indicators Of The Recession," such as sales in men's underwear and movie rentals. We asked you to suggest your own economic indicators, and you didn't disappoint.

Mark Voegele, who works in the mobile phone industry, hypothesized that families lean on one another during a recession. He suggests a Family Plan Index and says he has seen an increase in mobile phones added to family billing plans, even by families members who live far away from each other.

HuffPost blogger Henry Blodget suggested a Latte Index. Though some may argue that their daily Starbucks fix has moved from discretionary spending to a daily necessity, he argues that the economy can be accurately measured by sales of a cup o' joe. Starbucks reported a 6% drop in established store sales in the third quarter of 2009; they compensated by closing stores and cutting back.

Vote on your favorite HuffPost-submitted indexes by deciding which ingenious measurements are legit freakonomics and which are just weakonomics. And suggest your own recession indicators in the comment section below.

Hemline Index
 
Huff Post reader Disabled-GMG3 reminded us of the "short skirt index," more commonly known as the Hemline Index, which traces its roots back to 1926, when economist George Taylor proposed that hemlines rise as stock prices rise. The theory was first affirmed in 1929, when skirt lengths dropped almost overnight after the Wall Street crash. But Huff Post reader Artos suggest we rethink the theory: "Considering that Women are actually in possession of more of the jobs of late, I wonder if that remains true."
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