In an interview with CBS News, US Harper’s Bazaar editor in chief, Glenda Bailey, says hemlines go up and down with interest rates.
“My prediction is that the hemlines are going to be above the knee – on the knee and above the knee – for a while,” Bailey said. “Because things are looking up. But then as we see interest rates fall, I think by next fall we’re going to see [hemlines] much lower.”
Though I do wonder that with the rising popularity in maxi dresses, what does that mean for interest rates?[Via CBSNews]