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Chicago had a nice run of five straight months of housing prices gains between April and August, but prices slid 1.5% in September, according to the S&P/Case-Shiller survey.
To the extent that capital gains come from greater fools buying the same old assets at ever higher prices, gains do not constitute genuine saving, at least not for society as a whole.
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Treasury bond prices gained.
Treasury prices gained.
[C2.] Stocks Gain in Bargain Hunting Stock prices gained modestly as investors hunted for bargains.
Last year, commodities prices gained about 17 percent over all, according to the Dow Jones-UBS Commodity Index.
But miners were in demand as base and precious metal prices gained ground.
While stock prices gained ground over the last week, they fell sharply today.
Hog prices gained after a report signaled that pork supplies will be smaller than expected early next year.
The government index of consumer prices gained 0.59percentt, almost twice the pace of the month before.
Treasury Prices Gain (Bloomberg News Treasuryy bond prices gained yesterday after the government said producer prices rose less than expected in May, easing concern that interest rate cuts by the Federal Reserve will accelerate inflation.
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