Afterwards, of course I went online and googled it up and sent it to HG and all my other girlfriends for their opinion. Most thought it was not me, but HG thought it was really cool. The two of us then proceeded to spend all night analyzing its pros and cons and how to wear it. It’s tough, because it’s a bit in between officey and casual, being too hip for the office but too formal for the streets. I was originally thinking just a black top and boots will do the trick. HG pointed out that it would look very officey and too formal looking, and that I got to wear it “hip” with bright colors like in the picture above. As I said before though, I’m not very fond of the styling above. A good alternative would be to wear it with black and add on a large pink scarf like this one. But I’m not about to spend more so I can wear a skirt. Oh, guess what else I found? I found that Saks was selling the same skirt for 70% off! Yes, I am the type of girl who must have best deal in town. So I made the trip to Saks (good thing everything is so close together) and I came across this:
This tulip shaped pink skirt also 70% off, also from Marc by MJ. As I said, they’re not exactly an apples to apples comparison. This one is more youthful, fun and punk, while the pencil skirt is more sophisticated and rock. This one is also easier to pair though. Since it is already so colorful by nature, wearing all black everywhere else is a given. I can even pair a hip short jacket with it. Plus, this skirt can definitely not be mistaken for office wear!

So in the end, I opted for the fun, youthful and easy to wear skirt instead and decided to leave sophistication for later. It all sounds very logical now, but trust me, it took a LOT of debate for me to get to this stage!

Image Source: Saks

It’s actually kind of strange seeing as there wasn’t exactly any positive news coming out this week. The GDP data came out and we are officially in a recession with an annual GDP decline of 0.3% in the third quarter. It is expected to continue until at least the first quarter of next year. The consumer confidence index is at an all time low, since they started tracking it in 1967. It fell from 61.4 to 38 in a month- the third steepest drop. Companies continue to report declining earnings. The only highlight is that as a result there are some amazing close outs out there. Saks is already taking EXTRA 40% off already reduced items- I got something at 70% off today! If only I had the capital to fully utilize the opportunity. Maybe the market is just so used to all this stuff by now that it has already been factored in and now everyone is just looking for a bargain.

One piece of good news was the Fed cutting its rate again this month by another 0.5% to 1%. Experts were not expecting it to help much, but since the market reacted very positively, I guess they were wrong. The rates are expected to hold from now- or so I hope. They’ve got to save something in case of an even rainier day- or month! Another factor contributing to the positive market may be because some of the government actions are finally taking effect. The commercial paper lending program started this week, and I heard it’s doing quite well. There are signs that the credit market is finally thawing. JP Morgan also announced that they are halting home foreclosures for 90 days and modifying loan terms to help those living in the home and show a “willingness” to pay, which is very nice of them.

Then there is the upcoming elections next week. Historically, regardless of who wins, there will be a rally in the market as investors are more “sure” of the future. From the looks of it, Obama seems like he is half way into White House. Personally I’m not very up to date with the intricacies of politics, so I don’t know what the winning of either will mean for the economy. But for those of you who are not sure to which camp you belong to, I did stumble upon an interesting quiz on ABC, where they sum up each candidate’s views on certain issues. I am surprisingly more of a Republican than I thought- I got 6 to 7 for Obama. Close call! I guess you have to be a little Republican to be a capitalist.

Employment data will also be coming out next week, where more unemployment is expected. And in the coming weeks, we can also be expecting news of a $600 billion bailout for troubled home loans (which sounds a bit repetitive of what JP Morgan is already doing) and another stimulus package worth $300 billion (tax cuts!). The government is seriously on a serial spending spree!

And as for some simple DIY ideas: You can be forks/knives/spoon with alumninium, a piece of steak and ketchup/mustard to go with that. You can be Tetris pieces. Pacman and the ghost. Or a Twister board- just wear white and stick colored dots on yourself and carry the spinning thing!

Happy Halloween everyone!

Image Source: Style.com