Men's underwear index
The men's underwear index is an economic index that can supposedly detect the beginnings of a recovery during an economic slump. The premise is that men's underwear are a necessity in normal economic times and sales remain stable. During a severe downturn, demand for these goods changes as new purchases are deferred. Hence, men's purchasing habits for underwear is thought to be a good indicator of discretionary spending for consumption at large especially during turnaround periods.
This indicator is noted for being followed by former Federal Reserve Chairman, Alan Greenspan.
