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Prepare for Inflation: "The Era of Cheap Chinese Goods is Over"

By Implode-Explode Heavy Industries

``Li & Fung, which supplies products for companies like Walmart and Gap in the US and Debenhams in the UK, said "a new era in sourcing with higher prices" has begun as manufacturers pass on the rising costs of raw materials and Chinese labour to customers... This same higher price phenomena will be experienced by retailers through out the United States, first by clothing retailers, but overtime it will be much more broad based than clothing retailers.''

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2011 (boomark / email).