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The end of cheap clothes is near
BBC ^
| 23 April 2008
| Jorn Madslien
Posted on 04/23/2008 10:08:13 PM PDT by fishhound
ood prices have shot up in response to a surge in crop prices. Now consumers should get ready for clothes prices to follow suit.
Garment makers are seeing demand shrink as consumers in the US and Europe are cutting back on spending.
US cotton consumption is set to fall 6.5% from last year to less than a million tonnes whilst EU consumption is expected to fall 11% to about 460,000 tonnes, the Economist Intelligence Unit (EIU) predicts.
At the same time, they are hit by more expensive raw materials and by soaring oil prices, which make their factories more expensive to operate and which pushes up the cost of shipping to foreign markets.
In India, the weaving industry is in crisis. In China, the textile sector is squeezed.
And, yet again, the root cause of their problems can be found in America.
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: bbc; cotton
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To: 2ndDivisionVet
21
posted on
04/23/2008 11:58:59 PM PDT
by
fishhound
(Boycott the Olympics in China.)
To: 2ndDivisionVet
"Im a size 3 or 4X depending on the manufacturer, suit size 62, and I rarely spend more than $10 on a shirt or $20 on a pair of slacks or jeans. And no, I have never bought clothes second-hand or from a thrift store. This guy is nuts!"
...same here on the thrift and nearly the same on the size. And if cheap clothing does go up, clients will have to pay me to dress peasant-office-casual. Polish the old class A shoes, and starch those cotton rags to new stiffness every day. ;-)
22
posted on
04/24/2008 12:48:03 AM PDT
by
familyop
(No-vote)
To: familyop
My houseman in Korea used to starch EVERYTHING! I had a heck of a time getting into jeans! LOL
23
posted on
04/24/2008 12:50:09 AM PDT
by
2ndDivisionVet
(McCain could never convince me to vote for him. Only Hillary or Obama can!)
To: 2ndDivisionVet
;-)
We weren’t supposed to starch our BDUs (field uniforms), but as you probably know, most of us in combat platoons did so heavily when in garrison/reserve component drills. ...except for those who paid laundry businesses to do it. After a few years of doing that, starching casual work clothes became a habit for me.
24
posted on
04/24/2008 1:02:31 AM PDT
by
familyop
(No-vote)
To: familyop
I only wore BDUs my last couple of months in the service. I still think fatigues were a better looking uniform.
25
posted on
04/24/2008 1:03:57 AM PDT
by
2ndDivisionVet
(McCain could never convince me to vote for him. Only Hillary or Obama can!)
To: fishhound
Now consumers should get ready for clothes prices to follow suit. Garment makers are seeing demand shrink as consumers in the US and Europe are cutting back on spending. US cotton consumption is set to fall 6.5% from last year to less than a million tonnes whilst EU consumption is expected to fall 11% to about 460,000 tonnes, the Economist Intelligence Unit (EIU) predicts.
Falling demand = higher prices? In what alternative universe?
26
posted on
04/24/2008 1:05:03 AM PDT
by
Kozak
(Anti Shahada: There is no god named Allah, and Muhammed is a false prophet)
To: devere
The sad part is that far too many people believe it's government that can save us and help is just a government program away. This latest notion began in the aftermath of 9/11 and it's picked up steam over the intervening years to where we are now in our eerie living out of Atlas Shrugged. (I hear they're supposed to be making a movie out of it, but this is ridiculous.)
27
posted on
04/24/2008 2:25:22 AM PDT
by
Dahoser
(America's great untapped alternative energy source: The Founding Fathers spinning in their graves.)
To: fishhound
The end of cheap EVERYTHING is near! At least, when the price is paid in US $.
The inflation Ben Bernanke is content to cause, to bail out debtors, the profligate, and the financially irresponsible, will ensure higher prices.
Savers be damned.
28
posted on
04/24/2008 3:52:21 AM PDT
by
Nervous Tick
(I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
To: Kozak
>> Falling demand = higher prices? In what alternative universe?
Inflation => higher prices for everything => falling demand for some things
29
posted on
04/24/2008 3:53:47 AM PDT
by
Nervous Tick
(I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
To: fishhound
Will this bring the mini-skirt back?
30
posted on
04/24/2008 5:00:08 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: fishhound
31
posted on
04/24/2008 5:00:47 AM PDT
by
cybervyk
To: fishhound
Whats an ood?(It's a Doctor Who thing.)
To: balch3
"squirrelier "
Is that a word?
Carolyn
33
posted on
04/24/2008 5:14:01 AM PDT
by
CDHart
("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
To: CDHart
You skipped right by “tinfoil-hattish” to ask about “squirrelier”?
34
posted on
04/24/2008 5:21:54 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: thackney
LOL! I must have missed that one!
Carolyn
35
posted on
04/24/2008 5:26:06 AM PDT
by
CDHart
("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
To: thackney
Hopefully, if not we can always dream.
Those miniskirts can sure get a man's 'distillation tower' cracking.
36
posted on
04/24/2008 5:31:31 AM PDT
by
RSmithOpt
(Liberalism: Highway to Hell)
To: Overtaxed
37
posted on
04/24/2008 9:09:09 AM PDT
by
fishhound
(Boycott the Olympics in China.)
To: Overtaxed
Sorry for the second post. Just testing out the embed.
Yeah, that's what an Ood looks like. Thanks for the assist Overtaxed.
38
posted on
04/24/2008 8:06:09 PM PDT
by
cybervyk
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