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People are holding their prices firm, and I'm convinced that we will see a rise in the coming months".
"We have seen the volume of used cars go up and we've seen prices firm up," Mr. Ghosn said.
Douglas Leatherdale, the chief executive, said St. Paul was seeing prices firm "in almost all segments and geographic regions".
He confirmed reports that supply of L.C.D. panels for televisions will be in short supply this year, keeping prices firm.
And a lack of inventory for houses below $500,000 is the only thing holding prices firm".
If firm 1 sets a high prices, firm 2's best choice is to undercut it: it would earn $2m instead of $1m.
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In reality, when setting prices firms are increasingly likely to be constrained by global competition.
Treasury prices firmed after falling sharply last week amid worries that inflation would erode returns.
U.S. stocks moved lower, while Treasury prices firmed, following the release of the advanced look at the first-quarter Gross Domestic Product.
Oil firm Santos appreciated by 9.3%, to 11.40 Australian dollars ($7.94), as crude prices firmed slightly, while Qantas Airways shares lifted off by 5.7%, to 2.80 Australian dollars ($1.95).
To their great credit, the Yellen Fed seems to get this, but as time progresses and prices firm--as I said, that correlation isn't really zero--they'll be hearing a lot about "overshoot risk".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com