Psychology influences everything, while economics, being a human science, is subject to emotions. Economic forecasting, as Galbraith quipped, is akin to astrology. Despite uncertainty, we can discern long-term trends, especially in equity markets.
During turbulence, the upward trajectory may not be evident, and downturns unpredictable. Yet, through data analysis, we seek to understand and anticipate outcomes, balancing facts with emotions.
We’re in another turbulent period, possibly stemming from shifts in societal norms and economic paradigms from the ‘80s and ‘90s, when economic growth seemed inevitable.
The artwork “Blue, green, trending” draws from S&P 500 financial data, reflecting on economic unpredictability amid historical events like the Great Depression. Despite crises, the index has a long-term upward trend. This data is transformed into a pattern for a garment, merging IT and textiles, reminiscent of the jacquard loom, a precursor to computers.
Viewers are encouraged to ponder personal turbulence, the interplay of chaos and order, and emotions’ role in economics. The front showcases precise data visualization, while the chaotic back represents human emotions.
The data visualisation is designed to be woven into a garment, a homage to the relationship between information technology and textiles, with a nod to the jacquard loom, often recognised by historians as the precursor to the modern computer.
When you gaze upon this artwork and its visualisation, do you truly find solace in witnessing the turbulence before, during and after the Second World War?
How do we navigate chaos?
What is your interpretation of the high and lows in your own life?
The front of the textile displays the data visualisation with precision, woven intricately on the jacquard loom, almost akin to be printed by an inkjet printer. In contrast, the backside of the fabric unravels into the beautiful chaos of floating threads. Is this what our emotions resemble? The backend versus the frontend.
‘Blue, Green, Trending’ was part of ROUTER, An exhibition by IT Pieces / Flora Miranda, showcasing 6 data-art-fashion projects. With data stories from finance, IT, industry and research.
Credits:
Flora Miranda - Concept, Design and Garments
Matthias Jäger - Generative Design
S(n)-Trackers - Finance Data