Every year Pantone, the global authority on color, announces the "Color of the Year." They use lots of criteria to make this choice, one of them being the state of the economy. They have chosen turquoise as 2010 Color of the Year. In their press release they said that turquoise "is an inviting, luminous hue that combines the serene qualities of blue and the invigorating aspects of green."
It "evokes thoughts of soothing, tropical water and a languorous, effective escape from the everyday troubles of the world, while at the same time restoring our sense of well being." It seems like the perfect color for us at this point in time.
Colors help change our moods, some favorably and some not so favorably. Turquoise is a color that appeals to both men and women and most people respond favorably. Something that the fashion industry has known for a long time is that the color is universally flattering. It has cool undertones as well as warm undertones which allows it to be used with all the colors in the spectrum.
New colors generally are seen first in the fashion industry and gradually move into home furnishings. So we'll probably see the turquoise in some home decor products in the spring and by fall the collections will expand.
Of coarse, not everyone will want to use turquoise so check back in a few days and I'll tell you what other colors to expect to see this year.