Famed Economist Alan Greenspan is helping us make sense of the economic downturn and our place within it... using men's underwear.
When asked how people can determine the position of a recession, he suggested that the answer is in men’s underwear sales.
According to Greenspan, men’s underwear is the first place where people cut back during a recession. As a result, men’s underwear sales are one of the first items to increase in consumption during a period of economic recovery.
So, if a man has worn down gitch and is not replacing them, and has nobody else replacing them for him, the recession is still going strong.
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Alan Greenspan Looks to Male Skivvies to Track Impact of Recession
Published: Jun 2, 2009 • References: articles.moneycentral.msn