Time to Check the Santa Index?
The latest surprise victims of the recession: Small-town Santas.
The latest surprise beneficiaries: Internet psychics.
Incidentally, consumer confidence has fallen to its lowest level ever recorded.
Why ask for toys from Santa when you’re asking a psychic about your chances of getting a pink slip this quarter?
We’re used to watching the TED spread as an indicator of economic health. Maybe we should start checking the Santa spread.