Did you know that the men’s underwear index is used as an indicator of recession?
Here are more such bizarre indicators 🧐🧵
P.S: To be taken with a pinch of salt.
Here are more such bizarre indicators 🧐🧵
P.S: To be taken with a pinch of salt.
1/
The sale of men's undergarments remains stable during normal economic times. When the economy is in recession, the demand for these purchases drops, indicating a recession.
The sale of men's undergarments remains stable during normal economic times. When the economy is in recession, the demand for these purchases drops, indicating a recession.
3/
Garbage Indicator: When the economy is in a recession, people tend to spend less, so less garbage is produced.
The indicator has an 82% accuracy from 2001-2012 for the US economy.
Garbage Indicator: When the economy is in a recession, people tend to spend less, so less garbage is produced.
The indicator has an 82% accuracy from 2001-2012 for the US economy.
4/
The R-word Index: The more frequently recession pops up on the news. The more it is likely for a recession to happen.
There was an accurate prediction of a recession in 1990, 2001, and 2007.
The R-word Index: The more frequently recession pops up on the news. The more it is likely for a recession to happen.
There was an accurate prediction of a recession in 1990, 2001, and 2007.
5/
Unclaimed Corpse Indicator: During a recession, people did not claim the corpses of their loved ones due to high funeral costs.
As a result of the financial crisis in 2008, Detroit had the highest number of unclaimed corpses in 2009.
Unclaimed Corpse Indicator: During a recession, people did not claim the corpses of their loved ones due to high funeral costs.
As a result of the financial crisis in 2008, Detroit had the highest number of unclaimed corpses in 2009.
6/
Divorce Rates: It can be expensive to get divorced. It is seen that during a recession, the divorce rates go down significantly.
Divorce Rates: It can be expensive to get divorced. It is seen that during a recession, the divorce rates go down significantly.
7/
Hemline index: suggests that skirt length (hemlines) rise or fall along with stock prices. The most common version of the theory is that skirt lengths get shorter in good times and longer in bad, such as after the 1929 crash.
Hemline index: suggests that skirt length (hemlines) rise or fall along with stock prices. The most common version of the theory is that skirt lengths get shorter in good times and longer in bad, such as after the 1929 crash.
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