Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/market-clearing prices

Housing Market Optimism

…home prices is largely attributable to strong market fundamentals: Home prices have essentially moved in line with increases in family income and declines in nominal mortgage interest rates. Moreover, weaker…

Producer Prices

…One exception is that sometimes producer prices lead consumer prices by a number of months. That hasn’t been the case recently. But the other exception is that producer prices can…