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Author Topic: Are We in a Recovery? Check the Underwear  (Read 984 times)

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Offline Chris_

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Are We in a Recovery? Check the Underwear
« on: July 14, 2010, 11:25:56 PM »
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There have been a lot of quirky economic indicators bandied about of late, from sales of lipstick to pick-up trucks — with varied results.

But men’s underwear sales even have the endorsement of former Fed Chairman Alan Greenspan, since they tend to be one of the first things men stop buying when times get tough.

“Guys don’t buy underwear unless they absolutely need it,” said Marshal Cohen, chief industry analyst with NPD Group.

Men’s underwear sales are up about 8 to 9 percent this quarter from a year ago, according to NPD, after sliding 4 to 6 percent during the recession.
http://www.cnbc.com/id/38231423

This is a new one to me.
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Offline JohnnyReb

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Re: Are We in a Recovery? Check the Underwear
« Reply #1 on: July 15, 2010, 01:01:00 AM »
Buy underwear? I thought that was what Christmas was for.
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Offline Peter3_1

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Re: Are We in a Recovery? Check the Underwear
« Reply #2 on: July 15, 2010, 08:10:21 AM »
My indicator is the presence of deposit bottles littering the roads and if they stay until they are crushed flat by traffic. A year ago, they started to re appear, but were gathered before they were crushed. Now, the roads ara again deposit bottle free, the recession is still alive and well. :censored:
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Offline Ralph Wiggum

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Re: Are We in a Recovery? Check the Underwear
« Reply #3 on: July 15, 2010, 08:24:13 AM »
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“Guys don’t buy underwear unless they absolutely need it,” said Marshal Cohen, chief industry analyst with NPD Group.

Only partially true.  We also count on wimmens to buy them for us.
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Offline DumbAss Tanker

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Re: Are We in a Recovery? Check the Underwear
« Reply #4 on: July 15, 2010, 08:41:07 AM »
Hard to say if it's recovery, or just young guys who've been going commando deciding to get underwear so they can get by with fewer pairs of pants and/or less-frequent trips to the laundromat.
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