Ray Shan's Online Journal » new york magazine http://www.rayshan.com/blog Fri, 13 Nov 2009 22:19:39 +0000 http://wordpress.org/?v=2.9.1-RC1 en hourly 1 Recession: When Models and Bottles become Model and Bottle http://www.rayshan.com/blog/recession-when-models-and-bottles-become-model-and-bottle/ http://www.rayshan.com/blog/recession-when-models-and-bottles-become-model-and-bottle/#comments Wed, 05 Nov 2008 06:26:30 +0000 Ray http://www.rayshan.com/blog/?p=117

Just saw this unconventional “Recession Index” on NY Magazine’s Intelligencer. Some of the more interesting YOY figures:

  • # of people spending $2k+ per night @ Marquee: -50% (bottle sales down 10%)
  • Average daily late-night subway ridership, midnight to 6 am: +4% (people still fighting for black car vouchers?)
  • Average rent for studio apartment in Murray Hill doorman building: -7% (anyone remember the last time rent decreased in NYC?)
  • Cost of a standard room at Glassy New Cooper Square Hotel: -35% (also everywhere else, kind of nice for traveling actually)

I wonder what the correlation of these figures and S&P 500 is? Perhaps we need yet another niche ETF…

But apparently “Wall Street” won’t surrender on bonuses despite the meltdown as there will be at least $20b+ to go around this Season.

So, bottle?

NY Magazine via BankersBall

]]> http://www.rayshan.com/blog/recession-when-models-and-bottles-become-model-and-bottle/feed/ 0