What determines an economic crisis? Sweater sales.
ABC's "Good Morning America" began its broadcast October 17 with a report that might be confused with one of the signs of the Apocalypse. But have no fear, Bianna Golodryga clued in viewers to some red flags to see if the economy is in "crisis".
"When you give or get practical gifts, stuff that you need instead of the stuff you want for your birthday or holiday. When sweater sales go up, watch out."
Even though Halloween hasn't even come yet, Golodryga warned, "Take note if a typically festive neighbor suddenly does away with holiday decorations this year. Odds are he's not out of town, just out of cash."
Oh, and don't forget to check and see if, "the biggest turkeys and Christmas trees stay unsold while smaller, cheaper trees go." That's another red flag.
"No problem getting a table at the fanciest restaurant in town?" According to the "Good Morning America" report that is another one of the red flags the economy might be taking a slide.
"The headlines are scary," admitted Golodryga. They sure are.