A real economist knows what value means, not like fake ones that have talk shows on CNBC. On a show today on FOX Business, they talked about inflation and some products that rose in the last 12 months. Corn has soared more than 100 percent, gasoline more than 33 percent but poultry only 2.2 percent. Many food items have risen 10 or more percent and this is putting a strain on many people as they lose their buying power in the midst of no increase in their wages and almost non existing bank interest. Going against this increase is the price of real estate. But one guy, one economist known to us all, one guy who loves to comment on politician and tax laws, Yes, that infamous guy known to us as the chief economist of the once Bear Stearns, Larry now host at CNBC, protected the values of real estate on a formula with M1,M2
he created, but insinuated that he cannot comment on the direction of this very important sector of the economy.