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July 21, 2008 Return of the Hemline Theory

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Suzy Menkes writes that of course the stock market is down. That should have been obvious to anyone watching hemlines.

Fashion is always a mirror of society. Thus, in a strange forecast of what the Federal Reserve discovered in the banking system, overexposure and total transparency in the wardrobe has been followed by complex cover-ups and a downward spiral. Fashion designers now seem clairvoyant.

Here's what I wrote two years ago when inseams were rising.

So let's not blame Fannie and Freddie. Instead, let's blame Angelina and Jessica.

Posted by edelfenbein at July 21, 2008 10:07 AM

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