Posts Tagged ‘supply’

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    Cotton Markets

    Feb 23, 11 • 562 Views • No Comments

    On November 10, 2009, the price of 1 pound of cotton was 59.2 cents. A year later it was $1.02 and now, it is close to $1.90. For many of us, the result will be more expensive jeans, more polyester, and smaller buttons. 7 For all Mankind and North Face said......  [read more]

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    Paying Less For a House

    Feb 21, 11 • 556 Views • 1 Comment

    In an interesting Politico opinion column, journalist Michael Kinsley wonders why everyone seems to assume that climbing home prices are good. He points out that most people are happy when the prices of essentials like gas go down. So why the opposite for......  [read more]

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    Happy Rice Farmers

    Feb 8, 11 • 650 Views • No Comments

    With a typical Egyptian household spending 38.3% of its budget on food in 2008, you can see why soaring food prices could fuel turmoil. But what about the other side? For Senegal farmer and trader, Ndeye Sarr Diop, rising rice prices were an opportunity. The......  [read more]

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    A Race Between Supply and Demand

    Feb 7, 11 • 538 Views • No Comments

    In a wonderful Chip Bok cartoon, a child starts by asking, “Why are gas prices so high?” and is told, “Turmoil in the Mid East.” Then, asking about the turmoil, he is told the source is “High Food Prices.” The reason for......  [read more]

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    Sounds Like Pistachios

    Dec 25, 10 • 469 Views • No Comments

    “Remember the pistachios,” is a memorable line from a novel by economist Russ Roberts. In the first several pages of The Invisible Heart: An Economic Romance, a teacher says you have been given a room filled 5 feet high with pistachio nuts. The......  [read more]