(1)”Men’s underwear is an important economic indicator,” Alan Greenspan, a former Fed chairman, said. “Men are the first to give up their underwear whenever they lack money because they perceive it as invisible.”
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(2)In fact, former chairman Alan Greenspan said, “Men’s underwear sales in the U.S. declined significantly during the Great Depression from 2007 to 2009
(3)In addition, sales of men’s underwear rebounded in 2010 as the economy recovered,” he claimed
(4)Based on these results, economists also refer to the MUIMens Underwear Index, a men’s underwear sales indicator, when analyzing the economic downturn
(5)Alan Greenspan, former chairman of the Fed, the Fed’s website
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