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: 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)
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