Men’s Underwear – has the economy bottomed out?
I’ve heard of lipstick sales being counter-cyclical (more sales when times are tough), but Gregory Mankiw’s blog posted a link to this item on MSN Money.
The central quote…
In fact, right now men’s underwear sales suggest that things have bottomed but not started to recover.
I dare you not to read more.
I teach principles of economics courses and a course in the economics of healthcare at Southern Oregon University.
So anyone who ‘goes commando’ is just prolonging the recession?
Yes, that might happen, or they would just interfere with the measurement of the indicator.