JOURNAL ARTICLE

One of legendary Fed Chair Alan Greenspan's favorite economic indicators was men's underwear—and things could be looking up.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Taylor, Chloe 3 of 3

Abstract

The article discusses the use of men's underwear sales as an economic indicator, a concept popularized by former Federal Reserve chair Alan Greenspan. It suggests that fluctuations in men's underwear sales can reflect consumer confidence and economic conditions, with recent data indicating a rise in sales and prices, signaling improved economic sentiment. The article notes that while inflation remains a concern for many Americans, the increase in men's underwear prices aligns with a broader recovery in consumer sentiment, which had previously reached low levels. Other unusual economic indicators, such as Big Macs and lipstick, are also mentioned as tools for gauging economic health. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/02, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • Accession Number:161933530
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