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.

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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.

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On Monday December 10, 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.

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Part 1 (14:37)

Ryan notes that the Federal Reserve will be buying 90% of the new debt the US issues. Louis notes that governments need to grow and need revenue and can only get so much from taxation and have in recent years have resorted to borrowing printing money to meet its spending obligations.
Louis predicts another round of buying from the Federal Reserve this week.

Louis notes that the US economy is now a debt based economy with 70% of the GDP based on consumer spending of borrowed money and a good portion based on the real estate industry which involves people merely moving in and out of homes. Louis notes that this is not the basis of a sound economy that produces things, saves their money and there fore can afford to buy things and houses.

Louis notes that even though the unemployment rate has gone down, an increasing number of young people are out of work and the number of people out of the labor force has increased by over 500,000. Unemployed people can’t buy houses.

Louis notes that a demand based economy is a loser and that one with productions and savings is sustainable.

Louis notes that the federal reserve over powers the market.

Louis notes that the “tax the rich” issue is a smoke screen that diverts attention from the deficit because taxing the rich does not solve the deficit as the money proposed to be taken from the rich will pay to operate the government for eight days.

Louis notes that the US doesn’t owe $100 Trillion because some rich people made too much money.

Louis notes that taxing the rich often results in receiving less tax revenue and the concept of taxation is that somehow the government own your money and allows you to keep some of it.

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On Monday October 15, 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.

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Part 1 (14:37)

Ryan and Louis discuss the recent unemployment rate that dropped unexpectedly. Ryan and Louis discuss whether the unemployment number will impact the Presidential election results.Ryan and Louis discuss the impending “fiscal cliff”. Louis notes that some CEOs are writing to the employees urging them not to vote for Obama.

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On Monday September 10, 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 (14:26)

Louis and Ryan discuss what the Fed might do this week. Louis notes the unemployment rate and the labor participation rate. Louis predicts that the Fed will not act in September, but notes that QE is inevitable because it supports the spending and debt levels of the government.

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On Monday August 20, 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.

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Part 1 (14:26)

Louis and Ryan discuss the direction of interest rates and the folly of trying to call the bottom. Louis and Ryan note that the stock market is not necessarily an indicator of the health of the state of the economy. Louis discusses why investors buy gold. Louis and discuss the reasons to buy a home.

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On Monday August 13, 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 (13:09)

Louis and Ryan discuss the possibility of QE3. Louis notes that QE2 probably won’t happen in September and will probably happen after the November election and notes that QE2 was announced in November of 2010 right after the election.

Louis notes that there are diminishing returns to QE programs and that having the Fed buy US treasuries encourages government spending. Louis notes that the Congress has delegated monetary policy to the Federal Reserve.

Louis notes that lower interest rates harm the middle class as they can’t save and are rather are encouraged to borrow and spend.

Louis notes that an economic recovery can’t happen by encouraging more spending and debt.

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