Understand how economics is driven by human behavior.

“How could economics not be behavioral? If it isn’t behavioral, what the hell is it?”

— Charlie Munger (1924-2023) QuoteFancy

In “The Stripper Index,” Nicole Canelakes ponders if America is in recession, writing that “68 percent of experts agree that America will be in a recession by the second half of 2024."

Then, she mentions “The Stripper Index,” an unorthodox, unofficial index that says if strippers see less cash tips for long periods of time, then the economy is not doing well.

She cites a Twitter / X user with the handle @Botticellibimbo, who writes that strippers must be aware of how upper class white men are behaving and spending their money.

Another unnamed entertainer shared her own personal story: she worked at a gentlemen’s club in 2007, prior to the recession of 2008, and told a friend that “the club was way too dead for way too long” and pulled her money out of stocks.

It sounded crazy, but her friend did it, and she says her money almost doubled.

ACTION POINT: Understand how economics is driven by human behavior.