" We call it the 'Skivvy Index'."
The Washington Post recently hypothesized that you can gage the state of the economy by the state of men’s underwear drawers. That’s because we’re supposed to assume that men will purchase underwear at a relative steady and stable rate.
The theory, as quoted in the Post article: “Sales of men's underwear typically are stable because they rank as a necessity.
But during times of severe financial strain, men will try to stretch the time between buying new pairs, causing underwear sales to dip.”
So apparently we are to believe that we got into this recession at the consumer level because...