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2022.0329.0003...
Click on headline to see three other curious indicators...
Is a recession coming?Alan Greenspan says the answer is in men's underwear
... The men's underwear index (yes, it exists) backs up Greenspan's theory: US sales of men's underwear fell significantly from 2007 to 2009, during the Great Recession, but gained steam again in 2010 as the economy recovered.
Interesting take. So are we headed for a slump, or not?
ReplyDeleteTHE BOYFRIEND is in desperate need of new undies. I, on the other hand, have far too many pair and am set for... well ten years, I think.
ReplyDeletePat - Hangs on the balance of men's undies, skyscrapers, and lipstick.
ReplyDeleteupton - Well, you two cancel out each other.
After reading the article, I noted that the most common one that I remember hearing about years ago was the length of women's skirts. Longer or shorter indicated, supposedly, that we were going into an inflation cycle or were in a time of prosperity. Longer shirts meant trouble was coming.
ReplyDeleteActually, one has only to look at the prices in the grocery to give a good idea of what's happening and then take a look inside one's wallet. Oh, yes, forgot the gas station, drug store, etc., etc.
ReplyDeletetaurus - Skirt length is another curious indicator. And yes, all the prices of things. And rent!
ReplyDeleteHa Ha!
ReplyDeleteAs much as Mr Greenspan's former position most certainly makes his opinions relevant on several serious matters, I can only think he spoke this one out of humour.
If my years at using Six-Sigma tools to analyze and solve Quality matters in my former company have taught me something regarding comparative data and therefore correlations, it is that one must beware false correlations. Just because one statistics curve looks almost exactly alike the one from a totally different data doesn't make them any more related than just be displayed in the same PowerPoint slide :-)
Maybe men are less inclined to renewing their underwear when more worrying matters occupy their minds, and current times are indeed worrying. One would have to go through the whole data and facts analysis ran by Mr Greespan before making their mind on the assertion made.
But it seems the journalist here (Nicole Goodkind, CNN Business) only used the man's 'funny' remark as an introduction to writing a recreative article. And she made a good job at that :-))
Laurent - Wow, you are one smart cookie!
ReplyDelete