Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III, president of Strategic Resource Group.Every excuse other than the "truth"... Blame the Snow. Lie about a "recovery" to hide the fraud in the system.
Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession.
But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs
In the beginning of November 2010 the Federal Reserve announced a new round of asset purchases (QE 2) to the tune of 600 billion . This is by no other name... MONEY PRINTING.
Here is the response in the markets since the announcement of a new round of asset purchases (Money Printing) by the US central bank...
"Global Economic Recovery"? Surge in "Demand"?
Eli Whitney would be proud of our central bankers.