AP - New York
Taking their cue from Alan Greenspan's forecasting techniques - he linked the sales of men's undergarments as a reliable indicator on the health of the economy - financial analysts are warning of dire straits ahead.
A study released this week by Mintel, a global market research company, projects 2009 US sales of men's personal apparel down 2.3 per cent.
Matt Hall, a spokesman for Hanesbrands Inc, claimed that, "Men's basic apparel products have the least fluctuating sales of all. So when we see underwear down, we'll be on our knees in short order."
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