According to social media, signs of a recession are looming everywhere. Lady Gaga headlining Coachella is a recession indicator. A new White Chicks movie? Recession Indicator. Knee-high Converse? Unfortunately, yes. The meme, which jokingly points to returning cultural trends as harbingers of a market crash, has inundated feeds across the globe. As far as economic metrics go, it’s the most trending. But is 2000s cringe a true indicator of our financial outlook? And what does it say about us that we’re all in on the joke? What is a recession indicator? The meme’s roots can be traced back to a…
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