Men’s underwear will lead us out of the recession

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investorzzo's picture
investorzzo
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Men’s underwear will lead us out of the recession

http://www.consumerwarningnetwork.com/2009/08/07/men’s-underwear-will-lead-us-out-of-the-recession/

The stock market is up, foreclosure filings are leveling off, but men’s underwear are down. That has more implications than you might think. Major news outlets like Newsweek magazine may have declared the recession over, but it ain’t really over until men’s underwear says it’s over.
Yes, according to none other than dean of the financial markets Alan Greenspan, the sale of men’s briefs is one of the most accurate predictors of economic conditions.  If sales are too tight, the economy is likely in a pinch.

 

investorzzo's picture
investorzzo
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Re: Men’s underwear will lead us out of the recession

sorry, can't make link work. You will have to copy n paste.

he stock market is up, foreclosure filings are leveling off, but men’s underwear are down. That has more implications than you might think. Major news outlets like Newsweek magazine may have declared the recession over, but it ain’t really over until men’s underwear says it’s over.
Yes, according to none other than dean of the financial markets Alan Greenspan, the sale of men’s briefs is one of the most accurate predictors of economic conditions.  If sales are too tight, the economy is likely in a pinch.
Men’s Briefs Tell the Tale

In a 2008, National Public Radio (NPR) report it was revealed that Greenspan believed that men’s briefs were among the most accurate predictors of an economic crisis. “If you look at sales of male underpants, it’s just pretty much a flat line, it hardly ever changes” reported Robert Krulwich. “But on those few occasions where it dips that means that men are so pinched that they are deciding not to replace underpants.”  And so Greenspan says “that is almost always a prescient, forward impression that here comes trouble.”
According to Matt Hall, a spokesman for Hanes brand, “They (sale of men’s underwear) tend to be later going into a recession and earlier coming back.” Once men feel more comfortable with their finances, they will spend money on the inexpensive things that no one sees.
Sagging Sales Reflect Sagging Economy

And so it was –2008 saw a 12% decline in the sale of men’s briefs. Yes, men’s briefs were pretty much down around the ankles. But modern man wouldn’t resort to going “commando,” so it was predicted that the sale of men’s briefs would soar in the first quarter of 2009.  Alas, men’s briefs were sagging again –down 6%.
With all of this pent up demand, one would think briefs would have to turn upward in the second quarter and lead us out of the recession, but still NO.  The recession drags on.
Hanes brands just reported second quarter 2009 sales.  The bad news men are still wearing those old ratty and now thread bare underwear.  Sales again declined, this time 4%.  If there is a silver lining, the decline in men’s briefs has slowed.
Still,  with so many predictions that the economy is on the mend, some might suggest there are holes in this theory.  Not so fast.
According to Mintel, an English research company, for a recovery to start you will need to see sales increases of 2% to 3% annually.  Mentel does not expect men’s brief sales to increase until 2013.  Yikes!!!  Maybe some men ARE going commando.
This recession might just be the longest, smelliest one in US history.

markf57's picture
markf57
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Re: Men’s underwear will lead us out of the recession

There has got to be an "inflation" or "deflation" joke just around the corner.

Full Moon's picture
Full Moon
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Re: Men’s underwear will lead us out of the recession

Oh  Tell me this is not so !    With all the younger guys not knowing how to wear a belt or even  wear their pants at the waste !!  It may take our minds off the money worries though .

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xraymike79
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Re: Men’s underwear will lead us out of the recession

The global economy has been looking rather moth-eaten and threadbare.

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nickbert
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Re: Men’s underwear will lead us out of the recession
xraymike79 wrote:

The global economy has been looking rather moth-eaten and threadbare.

So figuratively speaking I guess the US would be the equivalent of that worn pair of underpants with the unsightly hole in the backside? Laughing

... sadly much of the rest of the world would love to be in that position, as they only have the equivalent of ragged tatters barely held together by the elastic band.  And would the 25-year credit/debt binge "diet" be the force threatening to tear the underpants asunder? (ok I'll stop now before the Bad Taste Police take me awayLaughing)

- Nickbert

machinehead's picture
machinehead
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Re: Men’s underwear will lead us out of the recession

The underwear indicator is an example of failing to understand secular change.

In connection with the recession, I stopped wearing u-trou entirely. Soon my wife followed -- no more VPL [Visible Panty Line]! Yay!

By the way, cutting shaving to only every 3-4 days saves on razor blades, and gives one that fashionable stubbled look that the ladies love.

Don't get me started on cutting the frequency of showering ... Laughing

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