Since about 15 September 2008 the world has experienced a total collapse of aggregate demand. Economists know about aggregate demand and try to quantify it. But why not make it consumer/retailer friendly and create a Consumer Demand Index which shows how strong consumer demand is for a market basket of things consumers ordinarily buy, including gifts, craft items, clothes, greeting cards, shoes, and shinola. CDI would measure what we most need to know right now. It would be invaluable to business large and small alike, and to financial services firms, and the realty planners. Why not? Too hard, for coneheads to think of, who can't even park a bicycle straight -- don't get me started -- and what are YOU looking at? You Looking at ME?
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In economics, we call it elasticity of demand.
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