« Women Voters Dominating at the Polls | Main | Today's Housing Bubble Post - Go Read »
January 22, 2008
Not Getting It
-- by Dave Johnson
I get so tired of press stories about rich people written by well-paid comfortable people. What relevance do these stories have for regular people?
Example: in the story Thinking Twice About That $400 Handbag - New York Times,
"You had a lot of people who graduated to a level of consumption they could not really afford," said Adrianne Shapira, a retail analyst at Goldman Sachs. "Two-hundred-dollar pairs of denim were plausible when home values soared, but now $100 jeans are looking more reasonable."Do you see what is wrong in that paragraph? You can't afford $200 jeans, so you have to settle for $100 jeans?
That is Just. Not. Getting. It. REGULAR people NEVER DID buy $200 jeans. Regular people go to Costco and pay $15 for jeans. And now the economy is forcing them to cut back on the $15 jeans.
Dear New York Times: I might start paying attention to you again when you're writing about people who wear $15 Costco jeans.
Posted by Dave Johnson at January 22, 2008 9:59 AM
Trackback Pings
TrackBack URL for this entry:
http://www.seeingtheforest.com/cgi-bin/mt/mt-t.fcgi/3594
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
