Friday, August 2, 2013

Farm price are highly increasing ! Why?

In the same Bloomberg article quoting Ms. Yellen, there is another clue for us: "Kansas City Fed President Esther George has warned that prices of some farm land have hit 'historically high levels.'" I’ve heard the same thing from folks in America’s heartland when I recently visited family in Illinois. I wonder if the CNBC folks think that is a merecoincidence.