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Why cost of living is destroying the social compact in the US and Europe and upending governments in 2024-2025
02/24/2025
Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.
Grouped Articles
Why There Is No Relief Ahead for High Used-Car Prices
WSJ 02/15/2025
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/2025
The U.S. housing market in 2010-2013
05/27/2010
According to Karl Case its basically flat in 2010 and quite fragile, with a lot of inventory out there. By 2012 the situation had not changed much, except for Washington D.C. with growth in employment, and a small spurt in 2011 in Phoenix from out of state and Canadian buyers. Prices in Las Vegas and other cities continued to decline and there were fears of more homes being released by banks from foreclosed properties in judicial states such as Florida.
Grouped Articles
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
Food prices in India.
01/19/2008
Inflation and the supply shock for food prices in India. The efforts of the RBI, India's central bank, to control inflation with a series of interest rate increases.
Grouped Articles
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
It's India's Year of Inflation
BusinessWeek 07/22/2010
Staying Away from Indian Bonds
Wall Street Journal 12/18/2013
Wall Street Journal 09/04/2010
Setting a Course for India's Inflation Nirvana
Wall Street Journal 01/23/2014
OPEC policy and oil prices in 2010-2012
02/04/2006
Grouped Articles
OPEC Talks and Oil Prices Jump
Wall Street Journal 11/02/2010
China's Oil Demand Is Poised to Push Up Prices
Wall Street Journal 11/08/2010
For Oil's Future, Look Backwards
Wall Street Journal 11/10/2010
OPEC Raises 2011 Oil-Demand Forecast
Wall Street Journal 11/12/2010
Why Oil Could Top $100 a Barrel
BusinessWeek 11/11/2010
Oil Prices Seen as a Threat Again
Wall Street Journal 12/19/2010
U.S. state Louisiana's economy after the BP Oil Spill in 2010 and the collapse in oil prices in 2015
06/22/2010
Grouped Articles
Oil States’ Budgets Face Crude Awakening
Wall Street Journal 01/13/15
Drill Ban Clashes With Local Economy
Wall Street Journal 06/22/10
One Year After Spill, Some Signs of Life Emerge in the Gulf
Wall Street Journal 04/18/11
Wall Street Journal 02/02/12
Food prices in China.
01/19/2008
Grouped Articles
Wall Street Journal 09/04/10
Food Prices Rise as Asia Projects Stall
Wall Street Journal 09/26/10
Cooking Oil's Surge Shows How Inflation Hits Chinese
Wall Street Journal 01/01/11
Global Food-Price Index Hits Record
Wall Street Journal 01/03/11
Wall Street Journal 02/03/11
Drought in Northern China Alarms Leaders
New York Times 02/03/11
Oil prices in 2010.
02/04/2006
Grouped Articles
Tom Keene Talks with Energy Consultant Philip Verleger
BusinessWeek 09/09/10
OPEC Talks and Oil Prices Jump
Wall Street Journal 11/02/10
China's Oil Demand Is Poised to Push Up Prices
Wall Street Journal 11/08/10
For Oil's Future, Look Backwards
Wall Street Journal 11/10/10
Why Oil Could Top $100 a Barrel
BusinessWeek 11/11/10
Oil Prices Seen as a Threat Again
Wall Street Journal 12/19/10
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