Ep. 46 Oily Bitcoin + Underwear 🩲

<p>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’s the deal? Apparently, the answer lies in men’s underwear🩲 </p><p>Alan Greenspan, former head of the Federal Reserve, once said that sales of men’s underwear are a key economic predictor. The theory is that men’s underwear are discretionary spending…no one sees them except when men change in the locker room or when they are about to….😈. 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 target="_blank" 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…Researchers found a strong correlation between men’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). </p><p>Friends, I have got one question for you: do you plan to buy more underwear in the next 30 days? Fill out this <a target="_blank" href="https://docs.google.com/forms/d/e/1FAIpQLSd9oOzfoGQOyFWZZ99o-1u5Ql3e8G8t9LtVm63RSg8Y6u5TTg/viewform?usp=sf_link">anonymous survey</a> 😁</p><p>On my mind 🧠 </p><p>Crypto for good💖</p><p>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🙌.….BUT they are not any happier. </p><p>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 “Mo’ money, mo’ problems”. </p><p>Don’t get me wrong. I am an ambitious person. I want more. One of m