On Monday June 11, 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 (14:33)
Ryan and Louis discuss the debt crisis in Europe and note the $100 billion bailout of Spain.
Louis and Ryan discuss plans that the European Union are considering to centralize the finances of the member states. Louis notes that investors have confidence when the sovereign can pay back the debt by printing money even though that has the impact of debasing the value of the payment and could be considered a partial default. Louis notes that higher interest rates put a restraint on sovereign spending.
Louis notes that bailouts only paper over the debt problem and predicts confidence will eventually be lost. Louis predicts eventually money will flow into gold and silver. Louis argues that gold and silver are not in a bubble.Louis discusses the potential impact of inflation on home values in the coming years.
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