mr. friedman to the show. welcome to "mad money." >> hello, mr. cramer.ll me jeff. >> okay, jeff, i'd be delighted to talk to you about what's going on in the apartment business. in the 40 years i've been in this business fundamentals have they ever been stronger. take it from there, sir. >> well, that's right, jim, household formation is the number one driver of apartment demand. according to the u.s. census bureau, approximately 1.2 million new households are being created each year. approximately 65% of those new households actually buy a home and the inverse, 35% are renters. so we have over 400,000 new renting households entering the market each year. we have new construction permits at historical lows. and as apartment owners, when i heard you correlate what's happening with single family house prices to what's going on in the apartment business, i couldn't help but object. >> well, i think you have every right. that's why we're so thrilled. i got your e-mail, i said we've got to get this guy on. one of the things i'm looking at is a very big macro

the show today is jason ferdinand the conductor and leader of the famous american coralie oh yes mr friedman. you are saying this is actually gospel choir so is it true that gospel music is really popular only in english speaking countries is that true hope things english speaking world have never had a gospel song in french have you or german i actually been pretty intrigued in the last three or four years i countries like denmark and career i've seen some and sweden now seen some clips of some pretty impressive gospel corps that are some friends of america the. richest small in the williams this country seems to embrace the style and boot for the world but you know it's pretty popular america but i think other countries are slowly beginning to but is this mostly will be the choirs that you heard these in denmark do they did they do it on stage where they also do it in church i've seen it on stage. i'm not so familiar with the church since who knows country is singing on stage you are choir belongs to the church of the seventh day adventists do you consider all the choir members to be true

i can pound it from mr cargo school that informs people like christine lagarde is now running the i.m.f. and informs the obama administration and most identified with milton friedman and neo liberalism so this is a dynamic between east and the free marketers believe that you can't have a free market unless you ban art and ignore unfenced they're all especially of any alternatives so there's no interaction that are by the chicago school of entity we're actually where the university of missouri at kansas city u m k c and there is a blog if you were to google you in case the economics blog you get the blog you know economic perspectives edited by stephanie calton who's the incoming department chairman of the economics department and you'll see we have a regular commentary on what's happening in the economy and an alternative to the austerity and the profane anshul lobby here in the chicago art school doubts we have said so on with me in italy where stepanek. bild black was talking about well and another blogger marshall our bach so the four of us were basically there explaining for three solid days it's all about monetary therapy and it's amazing there were over twen