Saturday, May 11, 2013

Chinese Cotton Stockpiles

From Fox News:
For the past three years, China has been turning to the U.S. for millions of bales of cotton. But instead of consuming that cotton and keeping the demand high, the Chinese have been storing it, gradually building its stock up to to more than 60 percent of the world's inventory.
This news could explain the chart in a previous post of mine. Also, this news goes along with the "Chinese are hoarding commodities" theme circulating the media, as seen here for example.

Another amusing, semi-related series at FRED:
Personal Consumption: Nondurable Goods: Female clothing (blue; left), male clothing (red; left), and the female to male ratio (green; right).

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