As chairman of the Federal Reserve, Alan Greenspan was known for using quirky, proletariat metrics to judge the temperature of the economy. The most famous of these, as recounted by NPR's Robert Krulwich in January 2008, were the sales of X.
"If you look at sales of X it's just pretty much a flat line, it hardly ever changes," Krulwich recounted after the publishing of Greenspan's book, "The Age Of Turbulence." "But on those few occasions where it dips, it is almost always a prescient, forward impression that here comes trouble.'"
So what did Greenspan identify as the perfect recession indicator?
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3 comments:
new house sales i think
mcdonalds pizzas?
this has to be men's underwear sales. my day is made.
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