Photo by Salt Water New England

Sunday, September 22, 2019

The Clothes No One Sees


When Alan Greenspan ran a consulting firm and wanted to know where the economy was headed, he would often look at sales of men’s underwear as a guide. 
Mr. Greenspan, who later served as chairman of the Federal Reserve, believed that when times were tough, men would stop replacing worn-out underwear, which no one could see, before cutting other purchases. 
Vindu Goel, Today's New York Times <https://www.nytimes.com/2019/09/21/business/economy/india-economy-trade.html>

17 comments:

  1. Leonard Lauder, son of Estée and CEO of the eponymous company for many years, had a similar test called the “lipstick test.” He figured that lipstick sales would go up during a worsening economy when sales of bigger-ticket items like clothing and handbags would go down (we’re talking higher-end stores here), because lipstick was still an affordable luxury.

    ReplyDelete
  2. Chairman of the Fed checking undies, what's next....!!!!

    ReplyDelete
  3. I don't think it's a product that sells readily enough to be a litmus test for anything . It's a funny story for dinner party chat however .......

    ReplyDelete
  4. I commented on the article to see if it would be posted. I thought the chances were close to nil, I was right. Obviously my comment did not fit the Liberal/Progressive narrative. However,I do enjoy the Salt Water New England Blog.

    ReplyDelete
    Replies
    1. Have you tried prunes, Bill...? They really do the trick.

      Delete
    2. And clearly you won't even need to add the lemon.

      Delete
  5. Replies
    1. Anonymous, no guts. If I post something I put my name to it. Why hide, if you have an opinion, put your name to it. I would have some respect for you, rather then disdain. Be a man or a women, stand tall, don't hide behind ANONYMOUS.

      Delete
    2. ...says the man with a blank "Blogger" profile, with no image and no profile information.

      Delete
  6. No name attached to your posts adds up to no character. Anonymity is fine on an everyday, mundane post. However, if you decide to be nasty, or snotty, I would think that an individual with integrity, dignity and a sense of fairness would not continue to hide behind anonymity. You can post all day as Anonymous, but at least I am not hiding, you are.

    ReplyDelete
  7. Come on gentlemen....none of that stuff here, please, just isn't preppy, gentlemanly or anything else you want to call it, by the way prunes don't always work, a couple of good stiff drinks usually do...

    ReplyDelete
  8. Arthur, you must be prescient. My wife,said, "Bill, you are just having fun with this person, stop the "tit for tat" now". Let's go for dinner and a few drinks at Rocky's Aqua in Clinton. Heading there shortly. Thanks Arthur.

    ReplyDelete
  9. By the way, if you haven't been to Rocky's Aqua in Clinton, try it. The food and service are very good and the views are spectacular.

    ReplyDelete
    Replies
    1. Sounds good to me, I'll see you at the end of the bar.....if the Clinton you refer to is Clinton, NJ. ( Have a son that lives out there )

      Delete
  10. Sorry Arthur, Clinton, Connecticut. The views are worth the journey.

    ReplyDelete