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

You searched for: label/market-clearing prices

More Sellers Than Buyers of Housing

…3 to 1. The strongest seller’s market is Newark, and the most balanced market is St. Louis. The condo market heavily favors buyers; there are 83% more condo sellers than…

Free market mechanics and healthcare…

…would be. He reasoned that it would force people to compare prices, shop around, and would dramatically lower prices through the mythical, magical “free market”…. Of course, this ignores some…

Stock Market Valuation

…exuberance market of the 1990s, a PE of over 20 has never been sustained and always signaled a major bear market. Trailing earnings does include the fourth quarter when EPS…

The economy , markets and inflation

…as in early 2010. Meat prices have fallen sharply, but grain and soybean prices are still near their record highs. Cotton prices, for example, are still well above their year-end…