Still smells like you-know-what:
"Clothing prices hold steady no longer; Cotton cost adds to consumer woe" by Jenn Abelson, Globe Staff | April 07, 2011
More polyester. Thinner shirts. Smaller buttons. The fallout from the cotton crisis looks like 1970s disco with way higher prices.
Following a 150 percent surge in cotton prices since August, apparel makers are now turning to cheaper fabrics, and scaling back details like tags and buttons to trim expenses.
Then the damn thing will fall apart on you faster and you will have to go buy another one, cui bono?
Retailers are also passing along the pain to shoppers with heftier prices — up 10 to 20 percent by year’s end, analysts predict....
Many stores, which have kept prices flat or lower during the recession, have begun raising prices this spring to test how customers react, and more increases are expected for the back-to-school season....
I usually close my wallet. The higher quality rags I bought before will last one more day.
Some retail analysts say the projected 10 to 20 percent increases are the result of soaring costs for cotton, labor, oil, and other commodities....
And the reason for that is Bernanke flooding the market with dollars to buy back the mortgage securities -- although you will not find that in any newspaper analysis.
--more--"
Globe's suit doesn't fit anymore, readers.
