This report will provide information on key price movements in the U.S. economy. First will be a look at home prices, where the news is almost all good. Then the emphasis will shift to commodity prices, where the assessment of the news depends on one’s perspective. Tied to commodity prices is what has been happening to the value of the U.S. dollar in international currency markets. The bonds are fascinating and the shifts in opposite directions are not just a coincidence. The only conclusion to be reached is that prices generally are beginning to firm up.

Existing home resales prices – Case-Shiller

Let’s begin with existing home resale prices. The S&P/Case-Shiller report has just come …