Alan Greenspan Looks to Male Skivvies to Track Impact of Recession

 - Jun 2, 2009
References: articles.moneycentral.msn
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.

Who knew?