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In certain neighborhoods, the price of a home can go up $100,000 or $200,000 if parking is included, which it often is not, only adding pressure to the supply and demand crunch that drives prices up further.
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Growers including the Jensens have been dealing with the supply-and-demand crunch the last few years, with harvested dates rushed from the groves straight to markets.
Mitchell said enabling more big energy users to be paid for cutting demand at crunch times and building more interconnectors to other countries had worked better elsewhere.
Nominal and real interest rates remain low, and the Federal Reserve and other central banks stand ready to cut them further should the global credit crunch demand more liquidity.
But when this year's fiscal crunch demanded real spending cuts, Mr. Gates resisted.
The Gubernator has made some progress with the state's energy problems, piloting a "smart-meter" scheme in northern California that could help control demand during supply crunches and may become a model for the nation.Indeed, one of the ironies of this week's power failures is that America is at last starting to grapple with the most entrenched problems in its electricity system.
With internet search and corporate big data and cloud computing, the demand for number crunching has been doubling for years.
But their reputation was tarnished in the credit crunch and demand for new CLOs has dried up.
In 2009, the market was flooded with aluminium after the credit crunch as demand fell by 20%, or 5m tons.
"This was a tough year for the aluminum industry — a price crash, demand destruction and credit crunch," the chief executive, Klaus Kleinfeld, said in the earnings statement.
Larry writes: In itself, a quarter-point cut in interest rates to 0.5% would do little to revive demand, ease the credit crunch or create jobs.
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