On Monday January 14, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (12:49)
Ryan and Louis discuss the Federal Reserve minutes. Louis notes the what the Fed does is most important and that it’s also important what the Fed says, but only in the short time.
Louis predicts a continuation of quantitative easing and that gold and silver will continue to rise.
Ryan notes that the Fed is talking up the economy.
Louis notes that the Fed is concerned that the perception is that the they will continue to print will under mine confidence in the dollar and therefore they talk down their quantitative easing plans.
Louis notes that the Fed will continue with QE but is not interested in being first among countries in the race to debase.
Louis and Ryan discuss the fiscal cliff and the debt ceiling. Louis notes that the debt ceiling doesn’t need to be raised for the US to pay interest on its debt.
Louis notes that Democrats and Republicans are both fans of spending and have no interest in cutting spending and are interested in raising the debt ceiling so they can continue spending.
Ryan and Louis discuss some examples of government waste and how the government picks winners and loses by allocating subsidies.