Monthly Archives: February 2008

Home Prices Hold Steady Over Past Year

The OFHEO Home Price Report (PDF) shows their all-transactions House Price Index (HPI) rose 0.1 percent over the latest quarter and 0.8 percent over the latest year. Of the 291 cities on OFHEO’s list of “ranked” MSAs, 192 had positive four-quarter appreciation and 99 had price declines. Of the 20 ranked cities with […]

The Demand Curve for Gasoline is FLAT

There is NO RELATIONSHIP between the price of gasoline and the U.S. consumers’ demand for it.
Data
You can find monthly U.S. gasoline prices here. This goes back to 1973 for unleaded, but only to 1978 for composite.
You can find monthly U.S. gasoline product supplied here. This goes back to 1945.
You can find monthly U.S. […]

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Wilson Lied About His Imperial Intentions

Check out the Times Machine, where you can read old copies of the NYT that have been saved to image format. Here’s page 3 for Tuesday, Nov 7, 1916. Check out the 3-column, full-length political ad for President Wilson’s re-election, paid for by the DNC. At the bottom, it reads:
If you want […]

Peak Gasoline?

Literally, I could spend all day debunking crap like this off of the web. Econbrowser highlights that
Calculated Risk caught today’s big story from the Energy Information Administration, which was that the drop in U.S. gasoline demand (discussed by Big Picture and William Polley last week) has turned into a freefall.

Generally speaking, anything that’s […]