Keynes must be pleased:
“The contractual terms of prostitution are short (an hour, a night) and entry to the industry is unconstrained,” he says. “That means that the prices are very flexible.”
Price Collapse
True enough. His argument is that since the prices have collapsed by about two-thirds in a year, Latvia and the other Baltic states are still in big trouble with deflation lurking.
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Previously on "The 32 Sexiest, Tastiest, Creepiest And Craziest Economic Indicators In The World"
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The 32 Sexiest, Tastiest, Creepiest And Craziest Economic Indicators In The World
The 32 Sexiest, Tastiest, Creepiest And Craziest Economic Indicators In The World - Business Insider
There are many odd indicators that are arguably more reliable than some of the data that we get from the government.
Many investors use them to guide their views on the economy. And sometimes, they are spot on.Tags: None
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