Now it is official. We are definitely in a recession. The toymaker, Mattel, has just reported that Barbie sales had declined 12% in the last quarter. This decline is partly responsible for Mattel's reported loss this morning. (See Full Story).
There is no indication if our Federal Reserve Bank and Ben Bernake are close watchers of this all-important Barbie Index. I am sure that we are all waiting for Barack Obama, Hillary Clinton, and John McCain to weigh in on this rather disastrous turn of events. One can only hope that they have an economic solution that would get Barbie and Ken back on their feet again. Congress should initiate immediate hearings. This is certainly more important that any sub-prime mortgage issue! Little girls all over this country are waiting for the answers.