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Wednesday, June 3, 2009

How your undies track the recession

Guys, if you want to know where the economy is headed next, look in your underwear drawer.

If you're like most men, you've got more than a few skivvies in, well, less than perfect condition.

If you're put off buying replacements -- and your significant other hasn't done it for you -- then guess what? The recession probably ain't over yet.

In fact, right now men's underwear sales suggest that things have bottomed but not started to recover.

Sure, this sounds trivial. But no less an economist than former Federal Reserve chief Alan Greenspan is a fan of men's underwear sales as an important economic indicator.

It's one of several unusual indicators economists turn to in hard times. We went looking through them in a quest for the much-discussed "green shoots" of an imminent recovery.

Read the rest here.

Now, there is a scary thought!

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