1.9.12 (Part 2) Real Estate 360 With Louis Cammarosano

Louis and Ryan discuss the employment situation. Ryan predicts a worsening employment market. Louis notes that the employment rate does not include those that have stopped looking for jobs and notes that no president has ever not been reelected if the unemployment trend is improving. Louis quotes Mark Twain re three types of lies "lie, damned lies and statistics". Louis notes how inflation statistics can be manipulated using hedonics. Louis also notes that productivity numbers can also be manipulated. Louis notes that the strong DC employment numbers are largely based on Federal spending and government jobs. Louis notes if that if Federal spending gets cut it could have an impact on the DC market. Louis notes that only Ron Paul is talking about cutting Federal spending. Louis notes that 401K plans have limited options. Ryan says he would invest in gold, silver and real estate. Louis notes that 401k plans have choices that generally underperform the market. Louis notes that gold and silver are vastly underowned and not generally offered in most 401k plans. Louis points to these factors as reasons that gold and silver are not in bubble.

Category:

News & Politics

Tags:

• ron paul
• 401k plans
• gold
• silver
• unemployment
• unemployment rate
• federal spending
• government spending
• productivity