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business newsEconomic Indicators: Real or Ridiculous?
Does the Unemployment Rate say anything about the economy, or is the Men's Underwear Index a more precise tool?
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Maybe, just maybe, we'd be better off paying attention to the less scientific formulas, like the Magazine Cover Index or the famous Hemline Indicator. No less an authority than Alan Greenspan has sworn that the sales of men's underwear can signal a change in economic activity, so why aren't we all tuned into revenue figures for tighty whities?
Minyanville took a look at a range of indicators both formal and fanciful and asked, do they work? Click on an index below to see what we found out.
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