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These days nostalgic baby boomers are bidding up prices of the stars of their youth, notably the Beatles.
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But the big deals are not there, in part because private-equity firms and hedge funds are bidding up prices too high.
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Investors who aren't under Uncle Sam's thumb can move their money elsewhere, bidding up prices and driving down yields on other fixed-income assets in the U.S. and offshore.
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They are selling risky assets such as stocks and bidding up the prices of safe assets.
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There was even an agreement in 2006 to work together to avoid bidding up the prices of energy resources in third countries.
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In the US, light vehicle sales for 2011 year-to-date are up 20.2% from a recent low in 2010, further bidding up metal prices.
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In a time when social media companies are planning initial public offerings, investors will likely be eager to jump on the bandwagon and get a piece of the pie, bidding the prices up.
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The low level of immigration relative to efficient levels illustrates that the national median voter views immigrants at current margins as being primarily competitive rather than complimentary, and fears that immigrants are bidding down their wages and perhaps even bidding up their house prices.
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If demand for one good is bidding its price up, by definition demand must be lower for other goods, thus bringing their prices down.
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