Why Was The Fed Tracking Men's Underwear Sales?
Did you know former Federal Reserve Chairman Alan Greenspan was rumored to watch men's underwear sales as an indicator of economic health? It may sound strange, but throughout history economists and market watchers have looked at everything from lipstick sales and cardboard shipments to trash collection and fashion trends to better understand the economy. With a new Fed Chair in place, what indicators should investors be paying attention to today? If you'd like a complimentary consultation or want to learn more about the indicators we are watching, give McCaleb Wealth Management a call at 928-358-4314. Investments offered through SharpePoint, a Registered Investment Advisor.
About Alan Greenspan
Alan Greenspan (March 6, 1926 – June 22, 2026) was an American economist who served as the 13th chair of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC. First nominated to the Federal Reserve by President Ronald Reagan in August 1987, Greenspan was reappointed at successive four-year intervals until retiring in January 2006, after the second-longest tenure in the position, behind only William M...
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