…price level higher than the one expected with sticky wages and prices were set. For decades the key issue in the debate has been the problem of subgame non perfection…

…nobody will ever live. People who bought houses at inflated prices. Standard and Poors said when they rated the derivatives, that Real Estate prices had always gone up, they could…

…little as would QE-III). What if the interest elasticity of demand for 7 year Treasury notes is huge ? First we can’t tell this from looking at market prices —…

…after the jump. How to end a hyperinflation. In a hyperinflation people learn about the price level. Basically one flexible price is used as a daily index. For some reason…

…guess that the sharp change in the price of TIPS maturing in one year was mostly caused by the increase in the price of petroleum and partly by the increase…

…Case-Shiller house price index. You can roughly hedge the price of a house you own using the index. The problem is that the risk you want to hedge is that…

…$250,000 per year are rich. He or she notes that two earner families can be rich by working real hard and that price levels are high in some parts of…

…Ms. Griffith-Evans accepted loans in order to buy a house priced at $470,000 that resulted in her having to pay “roughly $3,500 a month.” Of course, she ends up not…

…even playing field, with some long and some short, but that adds little to information or price. If there is an abundance of information on price–because traders are shorting the…

…homes for sale remains near record highs. … Despite the recent positive reports on housing prices, we believe that prices have further to fall—about another 5%-10%. — Patrick Newport, IHS…