Excerpt: Y/PROJECT. FALL 2024 - PARIS FASHION WEEK

"For the First time since Glenn Martins debuted his runway shows for Y/Project at Paris Fashion Week in 2015, during Milan Fashion week 2024 he canceled his runway showing for Paris due to financial difficulties.  Only setting up a studio/showroom setting in conjunction with the Y/Project Fall 2024 lookbook. 

You don't have to be a market guru to know the economy is a mess.  And without getting overly technical, which essentially is needless to the everyday person, inflation has embedded itself into the global economy.  For whatever reason Central Banks have been, in the sense tardy, in their response to inflation.  The reality is, interest rates should be higher, but the conundrum that these massive money printing institutions have is it could lead to recession.  Is that such a bad thing?  There is probably a deeper philosophical discussion on boom and bust economies, but  for the last two decades we have not gone into a recession, instead, there has been massive interventions by Central Banks and Governments to keep this thing rolling, but at a cost.  Massive debt piles have to be financed at some point and can't, financial speak here, be rolled over for ever.  Inflation is a day of reckoning, as interest rates will blow out the lending markets.  Left unchecked, businesses have to keep upping prices, and basically pricing themselves and the consumer out of existence.  Materials and goods become so much more expensive.  This is the worst case scenario for the independent creator, the artist, fashion designer and seller.  And I would argue that deflated prices, with a recessionary economy actually invigorates creativity, and toughens businesses more than the long standing inflated hyperconsumption one, which has gone on unabated for awhile now..."

___

Full review: chiasmusmagazine.blogspot.com/2024/03/yproject-fall-2024-paris-fashion-week.html 

(A.Glass 2024)