Are we in a recession? Don’t trust lipstick and underwear sales as a gauge

https://www.youtube.com/channel/UChLtXXpo4Ge1ReTEboVvTDg https://ift.tt/hL1nDcy For several months, we’ve seen indicators that Canada could be headed toward a recession, due mainly to U.S. President Donald Trump’s trade war. Economists rely on warning signs like declining growth, weakness in the labour market and a drop in consumer and business confidence. But with fears of a recession on the rise, some are also looking to more unconventional predictors — such as the so-called “lipstick index,” a theory popularized by cosmetics giant Estée Lauder that sales of small indulgences like lipstick will increase during a recession. But should you actually rely on conventional indicators like the “lipstick index” to predict an economic downturn? Anne Gaviola takes a closer look at some of these theories — and whether they hold up. For more info, please go to https://ift.tt/nDaCjtw Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #economy