State of the economy and mens underwear

Who would have thought but apparently according to Alan Greenspan - the state of men's underwear is an indication of the state of the economy.

I really would not have thought of that - but I guess if the spouse did not replace it or you did not go out and get more meaning that you can hang on to a holey pair of stretched elastic and thin cotton for some more time - then you are not confident enough to go out and spend.

So I wonder what happens to the fancy women's underwear - of course for most of us we can never have enough underwear. I am sure there are those of you who would rather go out an buy new underwear than do laundry.

Michael Brush from MSN money talks about the odd indicators about the state of the economy. Some include the falling and rising of hemlines, the halter tops versus the blouses and baring midriffs.

I am sure if you look at how people look at entertainment will also give you an indication. The cheapest way to have fun - not that there is anything wrong with it - go to a park, have a picnic, eat hot dogs, buy ice cream ride a bike or play Frisbee versus going on a cruise or out to dinner.

I think the recession has given everyone an opportunity to enjoy the simpler things in life. Enjoy!