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Just like at a funeral, at the beginning of the recession people were mourning. The clothes told the story: people would be wearing black and other drab colors while going to work. It was like that for the past year, ever since the fall of Lehman Brothers. Now, that things are finally starting to perk up a bit, those who have jobs are starting to wear colorful clothes again.

Men’s ties are being seen as an economic indicator. Because men’s ties are a cheap way to change a wardrobe, it is typically the first thing that outwardly indicates that, not only are these guys going out and buying clothes, but they are buying bight colors again.

This is just one of the many economic indicators that have been noted in the past few months. Another, and funnier in my opinion, indicator was the underwear index. Men were going out and purchasing more underwear and that was supposedly an indicator that the economy was going to perk up a bit more.

Another indicator is piles of garbage outside restaurants. The piles indicate that people are eating out again, which is one of the signs that the economy (really) is picking up again. Anytime people have disposable income to go to a restaurant and eat it is a good sign for not only the restaurant but the overall economy as well.

While a lot of data was used to compile this information, of course, some of it could be misread messages. Men could be wearing bright colored ties because it’s warm outside and they want to reflect the weather. Restaurants are using promotions to bring people in the doors more now than ever. Men need underwear and if they haven’t bought any new undies since the fall of Lehman Brothers, then perhaps it is time for them to get some new underpants.

I would like for the recession to see an end as much as everyone else, but are we grasping at straws by putting money into studies like this one?

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Jeremy

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