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Williamsburg Hipsters Dressed Perfectly For Next Great Depression, Says W Magazine

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Are hipsters in Williamsburg (and the LES) wearing old-timey outfits, grooming their scruff into old-timey facial hair configurations and drinking old-timey drinks in "response to the plummeting Dow"? Or are they dressing like it's the Great Depression because they are/want to be seen as starving artists? W Magazine thinks it's the former, but we're leaning towards the latter. Also, we seem to recall that the retro look was popular even when the economy was going gangbusters.
· Hipsters’ Response to the Financial Crisis? [W Magazine]