…was caused by the 2014-15 decline in gas prices. I wanted to follow up a little here. In 2014 into early 2015, Oil prices declined by almost 75%, from a…

Housing: prices follow sales, February 2020 edition One of the consistent things I have written about the housing market for going on 10 years is that interest rates lead sales,…

…to maintain revenues in the face of declining prices, which is, of course, a destabilizing positive feedback effect in the short run: more production will drive prices down further, with…

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666 Retail Sales Unchanged in April after Big Revisions to Prior…

…as lumber prices in housing have done, plummeting all the way back down to 2018 prices. It is this ramping back down which was missing in yesterday’s consumer inflation report….

…have little effect on the markets, and furthermore, it looked like the markets would turn around on their own and push down the temporarily mildly elevated crude oil prices. Panetta’s…

…are the YoY% change in house prices as measured by both indexes, plus that of new home prices (gold) zoomed in on the last 5 years (again, note that the…

…and All Items would be rather consistent across the board. But they are not. Producer Prices do effect consumer prices, correlated per FRED data: Yes, inflation is increasing both PPI…

…turkeys culled caused prices to soar. This also effects the egg supply as well, which trails behind meat production by about four months. A chick hatched can be processed for…

…knowing that they will be meticulously packed for safe transport. As I have frequently pointed out, sales lead prices. Prices can continue to rise for even a year after prices…