Forget GDP growth, the unemployment rate and even the Big Mac Index. If you want to know how the economy is really doing, and you’re male, just open your fly. (Note: We don’t recommend doing this at work.) According to the Men’s Underwear Index, if your underwear is relatively new, the recovery is on the way. If not, well, we really don’t want to know about it.
greenspan
Market Convinced Banks Will Be Nationalized, Freaks Out
By 2.20.09
Shares of banking stocks are dragging down the markets as investors become increasingly convinced that the banks will be nationalized, says Reuters. Investors are shunning the companies, worried that shareholders will be wiped out in a government takeover, and are fleeing to U.S. Government bonds and gold, which rose to above $1,000 an ounce.
Bush On The Recession: "The Average Person Doesn't Really Care What We Call It"
By 4.29.08
“I repeatedly submitted proposal to help address the problems. Time after time, Congress chose to block them,” he said.
Greenspan "Didn't Really Get" That Subprime Lending Could Hurt The Economy
By 9.14.07
Former U.S. Federal Reserve chairman Alan Greenspan told 60 Minutes that he “didn’t really get” that irresponsible subprime lending could be significant enough to hurt the economy, but he still defends the decision to keep interest rates low from 2001-2004.
The News: Evil Had a Birthday
By 6.7.06
• Inspired by The Antichrist’s birthday, Google admits being to being evil after all. [CT]
