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At that point, it was unclear whether rising housing prices represented a bubble or a legitimate phenomenon.
In Saudi Arabia, low energy prices represented a subsidy of $1,587 for each citizen, according to the I.E.A.
Those prices represented a sharp increase from last year in San Francisco, where the prices for All-Star Weekend ranged from $30 to $285.
The fund could value those at the cost it paid to buy them, so long as the fund's directors thought that the prices represented fair value.
Democrats ridiculed the maneuver, saying the legislation would do nothing to ease gasoline prices, represented a hodge-podge of tax breaks for energy companies and would increase air and water pollution.
Matthew Pointon, property economist at Capital Economics, said he was gauging whether current prices represented a bubble by measuring mortgage debt as a proportion of earned income, rather than against the disposable income gauge used officially.
Similar(49)
Do these prices represent a bubble?
Of course, these prices represent one side of the market.
It was the moderate prices, representing quite good value for Fairfield County.
A low basis would imply that both prices represent fair value.
As the recession deepens and more fans find themselves with less disposable income, raising prices represents a risky move.
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