Ep. 46 Oily Bitcoin + Underwear 🩲

Is the economy gonna boom or bust? Lately, this question has been popping up everywhere. The Russia-Ukraine conflict has pushed oil prices sky high, inflation has been soaring and many people are feeling the pinch in their wallets. So what&#8217;s the deal? Apparently, the answer lies in men&#8217;s underwear&#129650; <br/><br/>Alan Greenspan, former head of the Federal Reserve, once said that sales of men&#8217;s underwear are a key economic predictor. The theory is that men&#8217;s underwear are discretionary spending&#8230;no one sees them except when men change in the locker room or when they are about to&#8230;.&#128520;. BUT when the economy is bad, men postpone replacing their tired, worn, nasty underwear. This theory proved true during the 2008 recession. I found a <a href="https://ijtech.eng.ui.ac.id/old/index.php/journal/article/view/83">study across 56 countries</a> that explored this topic. The takeaway is that the theory does not hold true across all countries&#8230;Researchers found a strong correlation between men&#8217;s underwear sales and economic performance in Kuwait (0.903), Armenia (0.914), Ecuador (0.917) whereas there was a negative correlation in Cyprus (-0.966), France (-0.955), and Mexico (-0.940). <br/><br/>Friends, I have got one question for you: do you plan to buy more underwear in the next 30 days? Fill out this <a href="https://docs.google.com/forms/d/e/1FAIpQLSd9oOzfoGQOyFWZZ99o-1u5Ql3e8G8t9LtVm63RSg8Y6u5TTg/viewform?usp=sf_link">anonymous survey</a> &#128513;<br/><br/>On my mind &#129504; <br/><br/>Crypto for good&#128150;<br/><br/>I have 60 first cousins. I recently had a nice long chat with one of them. During the pandemic she and her husband buckled down and refocused. The result: they doubled their income over the past year&#128588;.&#8230;.BUT they are not any happier. <br/><br/>Instinctively, I know this to be true. Beyond a certain point, additional money does not yield more happiness. In fact, it might be the opposite! The great poet Biggie said it best &#8220;Mo&#8217;