This is exactly what is happening in the raw wool market as previously reported here."The Chinese can manufacture well..... I have to face it everyday. Since they have all this cash, they buy up raw materials, all the commodities, so if you want to buy cotton it's already been bought. If I want ten tons of cotton from Egypt, the guy will say, "I'm sorry, it's all sold. You have to talk to Mr. Chong." And of course Mr. Chong has raised the price. It's very bad. It's like a war. It's like we've entered an economic war. I'm not kidding. It's not a conspiracy theory."
The rest of the article is just plain fun. What he says about "fashion" could be equaled in a truthful evaluation of "bespoke."
Cheers
Michael Alden