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

You searched for: label/market-clearing prices

Rollercoaster of housing prices

…🙂 Schiller updated here Daily chart House prices Through the floor May 29th 2008 From Economist.com America’s house prices are falling even faster than during the Great Depression AS HOUSE…

Wal-Mart and Disaster Supplies

…not mean that Wal-Mart had to charge higher prices. http://cafehayek.typepad.com/hayek/ But he was still unwilling to concede that Wal-Mart did not have to raise prices, claiming that this is what…

Housing, the Fed and M3

The Federal Reserve has been sounding the alarm: the housing market is on fire! It started with Kohn 4/22/2005. “Prices have gone up far enough since [a couple of years…

Oil Prices: Blaming the FED?

Kash addressed below the premise of whether higher oil prices will lead to a U.S. recession. As I was grabbing the car keys, Kathleen Hayes said something about how oil…

Forecasting Oil Prices

prices as low as $21 a barrel to as high as $48 a barrel (all in 2003$). The following chart shows that if prices stay high, we are projected to…

The Exchange Rate and Import Prices

…its value (in real effective terms) over the past two years, yet import prices have risen by just a percent or two more than overall prices in the US. In…