…rising in the face of low consumer inflation. Asset prices benefit from low cost borrowing. This dynamic between inflation in asset prices and low inflation in consumer goods is how…

…producer-price index, a measure of prices that businesses receive for their goods and services, was up 1.4% from a year earlier. Prices for imported goods were down 0.6% in March…

…almost. It must be so. Those transactions cause transfers of real, newly produced goods and services between parties — sort of by induction as they pass by — thereby causing…

…luxury goods is a key piece of data. It is naive to imagine that just a crackdown on corruption would slow spending on luxury goods by so much. Something else…

…the NIPAs. Quite simply, it’s household income minus spending on newly produced goods and services. (It doesn’t include so-called spending to buy already-existing assets like deeds, stocks, bonds, or collectibles…

…even as technologies change, serves as a fundamental infrastructure for both information and goods. The Founding Fathers saw the value in that sort of infrastructure, and that view is no…

…it would seem like the arsenals of central banks will get used up. If there is a cut back in debt and cutback in production of commodities, many goods we…

…the argument about whether equilibrium real interest rates have declined. This decline could have occurred for many other reasons – including increased foreign saving, lower priced capital goods, slower labor…

…debt fixed. Producers of tradable goods tied largely to world prices, such as commodities and standardized manufactured goods, will favor a depreciated exchange rate, as will those who use nontradable…

…there is one sector. There is no discussion of the distinction between goods and services (except now financial service) or between capital goods and consumption goods. In particular it is…