Economy

GMA: Sweaters Predict Coming Economic ‘Crisis’

By Paul Detrick | October 17, 2007 - 10:18

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".

Video (0:57): Real (1.55 MB) and Windows (3.34 MB), or MP3 audio (442 kB).

"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."