If The Economy's So Bad, Why Are Hemlines So Short?

By now we've all heard the saw that hemlines fall when the economy's bad. So, the FT » 9/17/08 3:00pm 9/17/08 3:00pm asks, what's up with all the minis on the Spring runways? Says writer Vanessa Friedman, "Either American designers are engaging in wishful thinking or they know something Wall Street doesn't." I'm gonna go with, neither. And you know…