According to The Atlantic Daily, mens underwear may be intimately connected with recessions. How, you ask? Alan Greenspan, Fed chairman once suggested that sales of men’s underwear is, “inversely proportional to economic anxiety.” His comment has been supported by other product sales when money gets tight, such as champagne, cigarettes, and snacks. On the flip side, demand for lipstick, high heels, scary movies, and used clothing often increase during these periods. For more and to watch a video about this topic, visit: Clues That a Recession Is Coming
Tag: the fed
Tax Increase to Ease Inflation?
The idea of raising taxes on the extremely wealthy and large businesses to help control inflation has been proposed. Would this really help and is controlling inflation the business of Congress or the Fed? Howard Gleckman for Forbes.com suggests that a tax increase on middle income would provide the most benefit but would not be seen as favorable. He also points to the fact that an inflation busting tax increase imposed on working families could add to their hardship and would be opposed by lawmakers on both sides.
Read more here: Should Congress Raise Taxes To Fight Inflation?