The science of economic analysis has taken a leap forward with the discovery of a new, highly accurate economic indicator: The Nordstrom Shoe Index.
Economists were intrigued to find that statistics on consumers' attitudes toward the economy coincided with the actions of a single consumer in Chicago. Taking a closer look, they found that they could track consumer confidence and its resulting influence on the nation's economy simply by following this consumer's interactions with the shoe department at Nordstrom.
