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Warren Buffet famously used private underwear sales indicators as an economic bellwether . Billions of dollars moved because people were or were not buying und
by tonymet 3y ago
Warren Buffet famously used private underwear sales indicators as an economic bellwether .
Billions of dollars moved because people were or were not buying underwear.
Economists are extremely sensitive to consumer behavior. The abstract indicators like CPI, WFPR, M2/M3 etc are trailing indicators not leading indicators for them.