August and the Economy Part 1 - Macro Market Perspectives from Two Mega Players

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

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4.7 • 696 Ratings

🗓️ 8 August 2011

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

August 2011 will go down in history as a time when the entire world focused on the economy in both the U.S. and around the world. Even casual observers realize that macro-economic movements matter to Main Street in a big way. Wouldn't you like to know what the big players are thinking? The Real Estate Guys™ are here to help! We travel the world to capture the interviews you won’t hear anywhere else. With the economy such an enormously important topic, we are dedicating the entire month of August to bringing you insights and perspectives from some of the biggest brains in the business. In this episode we talk to Frank Holmes, U.S. Global Investors CEO and Chief Investment Officer; and Bert Dohmen, renowned market analyst and editor of The Wellington Letter. Frank overseas over $3 billion and Bert boasts an impressive track record of calling the start of every recession for the last 33 years. The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. To learn more and subscribe to the free newsletter, visit www.realestateguysradio.com

Transcript

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0:00.0	Welcome to the Real Estate Guys Radio Program. I'm your host, Robert Helms. This week, we're going to start our August and the Economy series all month long. We're going to take a look at big picture economics and lots of great guests. Glad you're here today on the Real Estate Guys Radio Program.
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1:06.9	116 or visit be your bank.com. Welcome to the Real Estate Guys radio program. I'm your host
1:14.8	Robert Helms. Joining me this week, as always our co-host financial strategist, Russell Gregg.
1:19.6	Hey, Robert. How are you? Excellent. August is here, summer. It's hot. And boy, do we have some
1:24.9	hot topics coming up. We've got some great guests this month. We've decided to devote August to the economy. And obviously, there's a lot going on in the news, lots of stuff to be talking about. It's not exactly a pretty picture. But we have had a chance to interview lots of money managers, economists, presidential candidates. And the list goes on and on. And in the month of August,
1:45.3	the real estate guys are stepping back and saying, there's a lot more to real estate than just
1:49.0	the dirt. You've got to look at the big picture. Well, we keep talking about this economic
1:53.3	bathtub, if you will. So you've got this big pool, if you will, of houses and real estate
1:58.6	properties and values floating in this liquidity, the sea of money.
2:03.0	And we saw when the mortgage-backed security crisis hit, all the money kind of drained out of the
2:07.0	bathtub and values everywhere. It didn't really matter where you bought. Pretty much you got hit.
2:11.4	And it was a wake-up call. It was like, hey, you know what? We need to pay attention to these
2:14.4	big picture economic issues and make the connection. Because so much of what you hear in the regular media is really geared towards stock investors.
	...

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