Greenspan's right – this recession is pants

First it was ties, then taxis. Now we’re on to underpants. No, nothing to do with Paxo’s gussets. Everything to do with the observations of former Fed chairman Alan Greenspan’s observation.

I refer you to the excellent Huffington Post (it’s a site I tend to visit regularly, but my attention today was drawn by a Twitter from Kris Jones, for which many thanks). Huffington reveals that Greenspan had a theory that the tighter the underpants, the worse the outlook for the economy.

The flaw in this particular information is that Mr Greenspan himself was been found somewhat wanting in his larger analysis of the economic world over which he presided for so long.

As for Greenspan’s own underpants, I’m no authority. But I suspect he may be a saggy Y-fronts operative – or even someone who mixes with the Paxo gussetry.

For myself, I shall stick to my excellent fitting boxer short (Boden mail order).