Men's Underware Index Indicates A Surge In The Economy
Really? Men's underware sales can point to an economic revival? According to economy watchers, sales of men's underware jumped 6.4% in 2011 after a drop of 2.3% in 2009. The theory is that when times are tough, men (or the women who purchase their BVDs) will delay a purchase as long as possible. As the economy improves, underware sales increase.
This index has been watched by none other than Fed Chairman, Alan Greenspan, so it must have some credibility.
Other indicators that may show an improving economy are increased auto sales, new business startups, busier restaurants, more golfers on the links, new housing starts (which a few years were practiclly zero) and a increase in velocity of home sales in general. One other indicator I have always watched is the Disneyland attendance index (my own creation). This is an informal index that results when I call my daughter, who works at Disneyland in Anaheim, and she tells me the "park" was pretty busy today. With daily admission at around $100 and a premium annual pass at $650, 50,000 people at the park tells me that there is some faith in the economy.
So what's your favorite economic index?
EDIT: It's really "underwear". That's what I get for not running spell check.