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Best of the Blogs, Consumer: Is it Time to Sell Your iPhone?

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Plus, how the drought will affect food inflation.

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This column highlights the most interesting and useful business and financial commentary on consumer stocks and companies from around the Web.

SMARTMONEY
Link: iPhone Resale Prices Peak: Should You Sell Early?
"The hotly anticipated iPhone 5 (AAPL) is widely expected to hit stores around Sept. 12, and analysts foresee some major structural changes. "There's a lot more hype this time around, with speculation about a larger and slimmer screen," says Anthony Scarsella, chief gadget officer at technology resale site Gazelle.com. As the release day gets closer, the market is likely to be flooded with old iPhones; 84% of people who previously traded in old iPhones are already preparing to do so again, according to a survey of 1,400 Gazelle customers. But in the past, those floods have turned into gluts, typically causing prices to drop by 20% to 25%, says Jeff Trachsel, chief marketing officer of resale site NextWorth.com."

CNBC
Link: Rising Food Prices Look Manageable: Whole Foods Co-CEO
"Food inflation is going to pick up next year, but Whole Foods (WFM) should manage it easily, the upscale grocer's co-CEO told CNBC's "Closing Bell" on Tuesday.

"'I think we see inflation of 2% through the end of the year and 3 to 4% in 2013,' Walter Robb said. While the last 18 months have been disinflationary, 'it's just this recent news and the concern in the Midwest with the drought that has raised the likelihood of food inflation,"'he said."

CONSUMERISM COMMENTARY
Link: Disney's Premier Visa from Chase Review
"Though I tend to prefer cash back credit cards, a really specific rewards card sometimes comes up with an irresistible offer. Disney's Premier Visa Card from Chase (JPM) sounds off the bat like something that would only cater to hard-core fans of the Magic Kingdom. After all, it's not everyone who can pull off paying for purchases with a picture of Mickey as the Sorcerer's Apprentice. Even if your DVD library didn't escape from the Disney Vault (DIS) and your travel plans don't include the Magic Kingdom, this targeted rewards program could still save you some major cash."

THE CONSUMERIST
Link: Wal-Mart, Target, 7-Eleven, & Other Retailers Form New Mobile Payment System Alliance

"These days, if you can't use your phone to do something, it's almost like, why do it at all? You should at least be able to buy a microwaveable burrito, if not a flat screen TV, with a magic wave of your smartphone. Big retailers like 7-Eleven, Wal-Mart (WMT) and Target (TGT) are teaming up to create a new mobile payment network so you can buy almost anything your heart desires."

THE NEW YORK TIMES: BUCKS
Link: Citibank Joins The Simpler Checking Disclosure Club
"Citibank is the latest big bank to offer a slimmed-down, plain language disclosure for its checking account customers.

The bank joins other big institutions, including Chase and TD Bank (TD), and a growing number of credit unions in adopting shorter, simplified disclosures, to help customers easily see the crucial fees and policies associated with an account."
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