An Obscure Economic Indicator
The Guardian in Britain has come up with a new leading economic indicator, a way to predict how the British economy will go.
AC/DC. Not the power, the Australian heavy metal band.
Seems AC/DC's biggest hits correspond with Britain's economic lows over the past 35 years. Per the Guardian:
Highway to hell
1973: AC/DC form in Sydney, Australia.
Economy: Start of the oil crisis, which saw the price quadruple
1980: AC/DC release breakthrough album Back In Black
Economy: Inflation in UK reaches 20% and unemployment nears 2 million
1990: AC/DC score comeback with The Razor's Edge
Economy: Recession in UK imminent
2008: AC/DC top UK album charts
Economy: Biggest world recession in decades looms
So, the release of Black Ice - which is selling like hotcakes, and is number 1 in the UK, proves how bad things are. Sell your pounds now!
0 Comments:
Post a Comment
<< Home