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.
Listen to the show.
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.
On Monday June 4, 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 (14:31)
Louis notes that the “flight to safety” still involves buying US Treasuries even though the US owes over $14 trillion and notes that the Fed will continue to do quantitative easing and keep interest rates low. Louis notes that even though this methodology can be viewed as “kicking the can down the road” and that road is a dead end, the markets seem to buy it.
Ryan notes that ten year treasury is at an all time low. Louis notes that rates in Germany are negative. Louis notes that Europe is considering an even stronger central bank bailout of Europe. Louis notes that in a debt driven economy, more and more debt needs to be layered on to keep the economy going. Louis notes ironically that investors take comfort that the Federal Reserve will continue to buy US debt based on money created out of thin air. Louis notes that once hyperinflation inflation hit, the printing press needs to go into overdrive and the game is over.
Louis notes that the Federal reserve has been able to maintain confidence in their ability to sustain confidence and to pay down the debt with more debt. Louis notes that once confidence is lost it is lost quickly. Louis notes that a 30 year low interest mortgage is a good bargain. Louis notes that rates are artificially low and therefore the low rates are a bargain. Louis notes that all currencies are tied to the US dollar so the US dollar acts as an anchor even though the US dollar is not backed by anything. Louis notes that the US went of the gold standard in 1971. Louis notes that people take comfort in the dollar just because. Continue reading this post
On Monday May 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 (14:47)
Ryan notes that one of the Facebook co-founders is renouncing his US citizenship to avoid taxation. Louis notes that the US is the only country that lays a claim on its citizens’ world wide income. Louis notes that if the US wants to be competitive world wide they need to reconsider their taxation policies.Louis that for over 100 years people from all over the world wanted to come to the United States.
Louis notes that the powers in Europe are spending a lot of money to keep Greece in the Euro. Louis notes that RE Radio discusses events in Europe because they have a direct impact on US interest rates. Louis notes that opposition parties in Europe are against austerity programs and that the situation in Europe helps the US as Europe has to debase the Euro by printing more money to bail out its member states. Louis notes that the US is also in the race to debase.
Louis notes that JP Morgan’s losses are probably greater than the $2 billion stated. Louis notes that this situation may pose the need for another bailout, which if were to occur would probably drive more investors into the “safety” of US treasuries and drive interest rates lower.
Louis notes that the journalist coverage of JP Morgan’s trading loss is general and that the specifics are not know. Louis speculates that the loss if probably far greater than reported to date. Louis notes that JP Morgan’s CEO Jamie Dimon is on the board of the NY Federal Reserve. Louis notes that the Federal Reserve is a private bank. Louis notes that depositors don’t keep tabs on their banks’ trading activities because they are satisfied with FDIC insurance. Louis notes the revolving door between the big banks and the US government.
HomeGain Real Estate Blog is a publishing tool for posting real
estate opinions, news, data, ideas, and information. Real estate agents and
brokers can find new blog posts daily and subscribe to receive an email based
blog newsletter. Blog article categories include Realtor® best practices,
strategies for reaching home buyers and sellers, web site and online marketing
tactics, social media, real estate technology, real estate trade shows, MLS,
real estate market trends and HomeGain. The opinions expressed by the bloggers
and those providing comments are theirs alone and may not reflect the views or
opinions of HomeGain. HomeGain is not responsible for the accuracy of any of the
information supplied by the bloggers or those who comment.