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Thursday, March 15, 2007

Market Prices Reflect Relative Demand

Quotes from U-Haul, for a one-way truck rental (26 foot) in April:

From Flint, Michigan to Austin, Texas: $3,201

From Austin, Texas to Flint, Michigan: $540

Guess the demand is about 6X higher for one-way truck rentals TO Texas vs. TO Michigan?

Texas gained about 244,000 jobs over the last year, and Michigan lost about 67,000 jobs.

Milestone: You are reading the 700th post on Carpe Diem since it started 171 days ago in September 2006, which is an average of more than 4 posts per day! Carpe Diem!!

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