The Case Against Bitcoin – A Faith Based/Emotion Backed Currency Bitcoin is backed by nothing other than the hope that it might be worth more tomorrow Bitcoin is a relatively new crypto-currency that has received a lot of media attention recently as the price of bitcoin has skyrocketed to over ...
  We are now reaching the limit on higher home prices because the real economy can’t support them. Indeed, according to the California Association of Realtors, less than one in three Californians can afford a home in that state. There is a limit to what QE can do for the housing market once home ...
  Prices of homes may have gone up but 25% of homes are still underwater creating an inventory shortage. Millions of foreclosures have not yet cleared the market. The real estate and stock markets benefit from artificially low inventory and artificially high demand caused by quantitative easings...
  The Decline and Fall of the 2013 Housing Recovery Housing Recovery? It never existed. Since the start of the publication of the Smaulgld blog back in April this year we questioned whether there was a housing recovery. Yesterday we learned from the National Association of Realtors that pending ...
One Printing Press to rule them all In the Land of The Fed where the Shadows lie. – Lord of the Rings parody My Press-ious Read the full parody  
The Farce Continues The United States Congress ended its impasse yesterday and as predicted came to a last minute deal to raise the debt ceiling. This was characterized by the media as averting default.There never really was a threat of default as there was enough money to pay the interest on th...
    San Francisco police have cracked down on an unlikely source of urban blight- the sidewalk chess game. The San Francisco police have taken to breaking up sidewalk chess games and confiscating chess set contraband. Here is why.  
A default would be unprecedented and has the potential to be catastrophic” U.S. Treasury Secretary Jack Lew October 3, 2013 The U.S. Department Of The Treasury released a report today warning that a default would be unprecedented and potentially catastrophic. It notes that the credit markets cou...
  “Public opinion always wants easy money, that is, low interest rates” – Ludvig Von Mises, A Critique of Interventionism Wall Street and Main Street cheer on lower rates because they make access to dollars cheaper. With cheaper access, people have more money to spend, their debts are easier to p...
The Federal Reserve met last week and decided to  continue with its $85 billion a month Quantititative easing program. What does that mean for  the economy and real estate. Click here for an analysis on what the decision means.  

Louis Cammarosano

Contact The Author