The quarterly estimate of housing prices around the country was released this morning by OFHEO. From their press release: WASHINGTON, D.C. – Average U.S. home prices increased 12.02 percent year…

…When the oil shocks of the 1970s hit, Milton Friedman and many other economists warned of the dangers of petroleum price controls and excessive energy taxes, which were then being…

…growth can explain 17% of the increase in housing prices, which leaves 83% of the variability of housing price changes unexplained. Of course, Bernanke had noted that changes in other…

…increasing criticism specifically for understating the impact of the rise in house prices on the cost of living. According to the BLS’s Consumer Price Inflation measure, the cost of shelter…

…do not “pop”, rather prices tend to deflate slowly in real terms, over several years. Historically real estate prices display strong persistence and are sticky downward. Sellers want a price…

…pressures are not solely due to higher oil prices. In fact, it’s not a foregone conclusion that higher energy prices will translate into higher non-energy prices at all. One might…

…the price of oil since 1970 expressed in today’s (Jan. 2005’s) dollars. The chart shows two series: the orange line shows the real price of oil adjusted for consumer price…

Yesterday the Office of Federal Housing Enterprise Oversight (OFHEO) released its quarterly estimate of house price appreciation. The estimate shows that housing price appreciation slowed sharply in the fourth quarter…

OPEC has decided to cut back on production. OPEC’s official price target is $22-$28 per barrel, yet this decision to cut back production when the price of oil is still…

…at a fixed price. Generally, when the market price rises above the option price, holders of options can realize a profit by exercising those options. Specifically, the profit is (Market…