Posted by
Ed
14 yrs ago
Was reading this article about inflation in the US and how mass media refer to it as 'subdued'... of course as the mouthpiece of the govt that is expected...
http://www.testosteronepit.com/home/2011/10/19/tough-day-for-our-calamity-economy.html
But anyways.... since the HKD is pegged to the USD obviously we can expect similar inflation problems here.
One example... being a designer label groupie... I flew into Hong Kong the other day after a grueling trek in Papua... I had given away all my filthy designer label t-shirts to the porters on the trek so was in need of of some of new flash...
So I headed to my favourite designer outlet to pick up some Fall style... I go to the rack selling the usual 3 packs of multi-coloured tshirts and instead of $100 (that's HKD) for 3 the price IS NOW a WHOPPING $190!!!!
I almost fell over I tell you. My vision was blurred... I was absolutely speechless. For a moment I thought I was in Armani Xchange or something ... so I walked out on the street and looked at the sign - NOPE - Giordano.
Distraught and unable to think of any other options (I so love Giordano's stylish cuts) that I pulled out my wad of 10's and 20's and counted them out one at a time and walked out with my precious tshirts. I am still trying to recover from the shock of it all
Group therapy - tell us your tales of this 'subdued' inflation...
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