Bruce Norris is joined this week by Barry Habib. Barry is an American entrepreneur and frequent media resource for his mortgage and housing insight. He has had a long tenure with monthly appearances for CNBC and Fox. Barry is the CEO of MBS Highway, a company and platform created to help interpret and forecast activity in the mortgage rate and bond markets. Barry has had many successful businesses that he has founded, grown, and sold. This includes Mortgage Market Guide, Health Care Imaging Solutions, and Certified Mortgage Associates. Barry’s mortgage sales career includes being recognized for having the highest annual origination production in the United States on two occasions. He personally originated over $2 billion in mortgage loan production over his career. Bruce and Barry discuss the current ten-year T-Bill, oil prices and their effect on inflation rates, the different levels of inflation, the possibility of a recession, baby boomers and millennials, and much, much more on this week's Norris Group real estate radio show and podcast.
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Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Friday, April 29, 2016
Friday, January 27, 2012
Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #262
Bruce is joined once again this week by Robert Kleinhenz. Robert is the Chief Economist of the Kyser Center
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Friday, November 4, 2011
I Survived Real Estate 2011 part 3 #250
This week, The Norris Group presents the audio portion from the event I Survived Real Estate 2011. This award-winning event has raised over $250,000 since its inception four years ago thanks to the support of all the sponsors and individuals donors that participate. This year, the event focused on current industry regulation, head-scratching legislation, and the opportunities emerging for savvy real estate professionals from an exciting lineup of experienced experts from multiple industries. The video is available on the website. This week's radio show features Bruce and panelists Doug Dunca, Eric Janszen, and Sean O'Toole, who discuss Eric Janszen's book The Post-Catastrophe Economy, the recent loan portfolio, the debate on the debt ceiling, output gaps, public/private partnerships to create an infrastructure and much more on this week's real estate radio show and podcast.
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Friday, June 17, 2011
Mike Shedlock Joins Bruce Norris on the Real Estate Radio Show #230
Bruce is joined this week by investment advisor Mike Shedlock. Mike is a representative for Sitka Pacific Capital Management and has his own blog site called Mish's Global Economic Trend Analysis. Bruce and Mike discuss how Sitka had a positive year in the midst of the economic downturn, the process of deleveraging and whether it's inflationary or deflationary, different types of mortgages, accessing equity and much more on this week's real estate radio show and podcast.
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Friday, March 12, 2010
Peter Schiff of Euro Pacific Capital #165
Bruce Norris is joined this week by President of Euro Pacific Capital and author of Crash Proof 2.0, How to profit from the Economic Collapse, Peter Schiff. Peter is currently campaigning for the Connecticut Senate seat to replace Senator Dodd. Bruce and Peter discuss the economy, inflation potential in the United States, real estate price increases and the cause of those increases, and how the government is making the problem worse.
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Friday, March 5, 2010
Robert J. Samuelson 3-6-10 #164
Bruce Norris is joined by award-winning columnist and author of The Great Inflation and Its Aftermath, Robert J. Samuelson. Bruce and Robert discuss United States inflation, the inevitable pop of bubble, consumers overspending, expectations of the consumer in a boom and in a bust, whether deflation or inflation is the most concerning trend in the near future for the United States, how consumers might have to change expectations in the near future, stagflation, and much more on this week's Norris Group Real Estate Radio Show and Podcast.
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Friday, February 26, 2010
Robert J. Samuelson 2-27-10 #163
Bruce Norris is joined by award-winning columnist and author of The Great Inflation and Its Aftermath, Robert J. Samuelson. Bruce and Robert discuss United States monetary policy, inflation, deflation, presidential policy on the economy, political pressure, unemployment, economic growth, the psychology of the market, inflation examples from the past, and much more on this week's Norris Group Real Estate Radio Show and Podcast.
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Friday, February 19, 2010
Christopher Thornberg of Beacon Economics #162
This week Bruce is joined once again by Christopher Thornberg. Christopher is an expert in the study of regional economies, real estate dynamics, and business forecasting. In 2006, he co-founded Beacon Economics which is an economic research and consulting firm that specializes in real estate markets, local economic development, and public and private policy issues. Christopher has also been part of the Norris Group’s award-winning fundraising series, I Survived Real Estate.
Christopher and Bruce discuss the more on inflation, consumers and the idea of judges wiping out debt in cramdowns, the United States compared to Japan's economy, deflation potential in the United States (if any), GDP and the health of the Unites States, Bernanke and currently policy, employment numbers, excess and working through issues currently on the table, what would happen if the US re-adopted mark to market for banks, and of course, much more.
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Christopher and Bruce discuss the more on inflation, consumers and the idea of judges wiping out debt in cramdowns, the United States compared to Japan's economy, deflation potential in the United States (if any), GDP and the health of the Unites States, Bernanke and currently policy, employment numbers, excess and working through issues currently on the table, what would happen if the US re-adopted mark to market for banks, and of course, much more.
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Friday, February 12, 2010
Christopher Thornberg of Beacon Economics #161
This week Bruce is joined by Christopher Thornberg. Christopher is an expert in the study of regional economies, real estate dynamics, and business forecasting. In 2006, he co-founded Beacon Economics which is an economic research and consulting firm that specializes in real estate markets, local economic development, and public and private policy issues. Christopher has also been part of the Norris Group’s award-winning fundraising series, I Survived Real Estate.
Christopher and Bruce discuss the current state of the market and whether the market is truly experiencing a comeback or is it completely manufactured. Christopher goes into detail about Bernanke and his current handling of the market. Government actions has delayed the inevitable and Christopher and Bruce discuss what the different strategies have been and how effective they have been and how much longer we should expect to see these manipulations.
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Christopher and Bruce discuss the current state of the market and whether the market is truly experiencing a comeback or is it completely manufactured. Christopher goes into detail about Bernanke and his current handling of the market. Government actions has delayed the inevitable and Christopher and Bruce discuss what the different strategies have been and how effective they have been and how much longer we should expect to see these manipulations.
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Friday, June 19, 2009
John Mauldin #127
This week Bruce is joined by John Mauldin from Millennium Wave Investments. John is a New York Times best seller author, and he is the writer of “Thought from the Front Line e-letter”, which goes out to 1.5 million readers every week. He is frequently interviewed on TV shows around the world.
Bruce begins by asking John what his company does, and who his typical client is. John helps investors find investment managers that will work best for them.
John has a new series of books called “Eavesdropping on Millionaires.” Bruce asks John what has surprised him most about wealthy individuals. John says that he was surprised by how many of them felt a need to be in the market, and how many of them have rode the market all the way to the bottom. They did not have a sense of preservation. They did not understand they had won the race, and that they could stop running. They could have lived a comfortable lifestyle, but they continued to invest, and they have lost a large amount of their net worth. This is unlike anything we’ve ever seen. From here we are creating a new “normal.” This time it really is different. We’re watching a new generation become frugal. Savings rates are increasing from 0% to 5%.
Bruce asked John if it is more painful to go backwards financially then to have never been there before. John thinks that it is. John found some stats from David Rosenberg showing that people 55 years and over have seen an increase in employment. John says that people need to be careful when they are listening to people who are anticipating what will happen in the financial future based on what has happened in the past because the underlying forces in our current market are much different than they were before. Statistics also say that the boomer generation has not accumulated any wealth for 12 to 15 years.
Bruce asked John if most people become millionaires because of earning power or investments. John says that everyone has their own path. A large number of people who become financially successful are good savers. Many of them save 20 percent of their earnings. Most lived a frugal lifestyle and saved diligently. The number of people who made money investing is not as big as you would think. John’s company has surveyed 17,000 people, and they have found that it is harder to become a millionaire through investing than it seems.
Ludwig von Mises once said, “It may sometimes be expedient for a man to heat the stove with his furniture. But he should not delude himself by believing that he has discovered a wonderful new method of heating his premises.” When Bruce looks at how we are solving the crisis that started in 2008, he wonders if we are hurting our future by what we are doing. John thinks that in the short term, the answer is “no” but people disagree with him.
The problem we have started 15 years ago when we started leveraging ourselves and we started selling securitized mortgages that were not going to be paid. We have a certain amount of deleveraging pain that we are going to have to go through in order to get through this problem. We can do it in one year or ten years. One year means 25 percent unemployment and breadline depression. If we work through this problem over 10 years then we will experience slow growth, 10 percent unemployment, and difficulty in recovering the stock market.
John would rather take the longer route. John thinks that the Fed did the right thing by stepping in and putting liquidity into the market. People associate credit with cash which it is not. The level of credit that the world is using is imploding. There is far less credit to finance our future. The Fed can print money right now without creating too much future inflation. Someday they will have to stop and they will.
John thinks that the stimulus package idea was not a bad idea, but the way that we have created it and used it is wrong. We used the stimulus package to finance political objectives rather than actually doing things to stimulate the economy. We are borrowing money that our grandchildren will have to pay instead of building infrastructure they can enjoy.
We are planning on going into debt $1 trillion dollars per year for the next ten years but you cannot finance that much money that quickly; there are not enough takers. We were running a $700 billion dollar trade deficit, but that money came back and was invested in some sort of debt. That allowed us to create a large deficit, but now we only have $300 billion dollars worth of trade debt, which means that we have to go out and find $1.7 trillion dollars of money to buy more bonds. John thinks that we will probably raise taxes.
John says we could suspend all these new projects like healthcare like Republicans but there’s no chance that will happen. If this were the path, the dollar would become stringer but we’d still have to work through deleveraging and the housing problem. But, it doesn’t destroy the dollar. John feels the current administration’s solutions will only work for so long. The bond market will implode eventually if this keeps up and it’s an ugly scenario. If there are a enough democrats that come along that agree that the huge deficits aren’t good, taxes will roll out to keep paying for these programs. As long as the deficit is growing as fast as the nominal GDP.
John thinks out of these scenarios the last solution will result.
Bruce asks John if he thinks that we have seen the bottom of the housing market. John does not think we have. He thinks that housing problems will continue through 2010. We have more foreclosures coming. If you are at the point where you would like to buy a house, this is a great time to do so.
More coming next week. Visit thenorrisgroup.com or John at johnmauldin.com.
John is a Fort Worth, Texas businessman, now living in Uptown Dallas, and the father of seven children, ranging from ages 13 through 30, five of whom are adopted.
He was Chief Executive Officer of the American Bureau of Economic Research, Inc., a publisher of newsletters and books on various investment topics, from 1982 to 1987. He was one of the founders of Adopting Children Together Inc., the largest adoption support group in Texas. He currently serves on the board of directors of The International Reconciliation Coalition and the International Children’s Relief Fund. He is also a member of the Knights of Malta, and has served on the Executive Committee of the Republican Party of Texas.
He is a frequent contributor to numerous publications, and guest on TV and radio shows as well as quoted widely in the press.
John is the President of Millennium Wave Advisors, LLC (MWA) which is an investment advisory firm registered in multiple states. John Mauldin is President of Millennium Wave Securities, LLC a FINRA registered broker-dealer. MWS is also a Commodity Pool Operator (CPO) and a Commodity Trading Advisor (CTA) registered with the CFTC, as well as an Introducing Broker (IB).
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Bruce begins by asking John what his company does, and who his typical client is. John helps investors find investment managers that will work best for them.
John has a new series of books called “Eavesdropping on Millionaires.” Bruce asks John what has surprised him most about wealthy individuals. John says that he was surprised by how many of them felt a need to be in the market, and how many of them have rode the market all the way to the bottom. They did not have a sense of preservation. They did not understand they had won the race, and that they could stop running. They could have lived a comfortable lifestyle, but they continued to invest, and they have lost a large amount of their net worth. This is unlike anything we’ve ever seen. From here we are creating a new “normal.” This time it really is different. We’re watching a new generation become frugal. Savings rates are increasing from 0% to 5%.
Bruce asked John if it is more painful to go backwards financially then to have never been there before. John thinks that it is. John found some stats from David Rosenberg showing that people 55 years and over have seen an increase in employment. John says that people need to be careful when they are listening to people who are anticipating what will happen in the financial future based on what has happened in the past because the underlying forces in our current market are much different than they were before. Statistics also say that the boomer generation has not accumulated any wealth for 12 to 15 years.
Bruce asked John if most people become millionaires because of earning power or investments. John says that everyone has their own path. A large number of people who become financially successful are good savers. Many of them save 20 percent of their earnings. Most lived a frugal lifestyle and saved diligently. The number of people who made money investing is not as big as you would think. John’s company has surveyed 17,000 people, and they have found that it is harder to become a millionaire through investing than it seems.
Ludwig von Mises once said, “It may sometimes be expedient for a man to heat the stove with his furniture. But he should not delude himself by believing that he has discovered a wonderful new method of heating his premises.” When Bruce looks at how we are solving the crisis that started in 2008, he wonders if we are hurting our future by what we are doing. John thinks that in the short term, the answer is “no” but people disagree with him.
The problem we have started 15 years ago when we started leveraging ourselves and we started selling securitized mortgages that were not going to be paid. We have a certain amount of deleveraging pain that we are going to have to go through in order to get through this problem. We can do it in one year or ten years. One year means 25 percent unemployment and breadline depression. If we work through this problem over 10 years then we will experience slow growth, 10 percent unemployment, and difficulty in recovering the stock market.
John would rather take the longer route. John thinks that the Fed did the right thing by stepping in and putting liquidity into the market. People associate credit with cash which it is not. The level of credit that the world is using is imploding. There is far less credit to finance our future. The Fed can print money right now without creating too much future inflation. Someday they will have to stop and they will.
John thinks that the stimulus package idea was not a bad idea, but the way that we have created it and used it is wrong. We used the stimulus package to finance political objectives rather than actually doing things to stimulate the economy. We are borrowing money that our grandchildren will have to pay instead of building infrastructure they can enjoy.
We are planning on going into debt $1 trillion dollars per year for the next ten years but you cannot finance that much money that quickly; there are not enough takers. We were running a $700 billion dollar trade deficit, but that money came back and was invested in some sort of debt. That allowed us to create a large deficit, but now we only have $300 billion dollars worth of trade debt, which means that we have to go out and find $1.7 trillion dollars of money to buy more bonds. John thinks that we will probably raise taxes.
John says we could suspend all these new projects like healthcare like Republicans but there’s no chance that will happen. If this were the path, the dollar would become stringer but we’d still have to work through deleveraging and the housing problem. But, it doesn’t destroy the dollar. John feels the current administration’s solutions will only work for so long. The bond market will implode eventually if this keeps up and it’s an ugly scenario. If there are a enough democrats that come along that agree that the huge deficits aren’t good, taxes will roll out to keep paying for these programs. As long as the deficit is growing as fast as the nominal GDP.
John thinks out of these scenarios the last solution will result.
Bruce asks John if he thinks that we have seen the bottom of the housing market. John does not think we have. He thinks that housing problems will continue through 2010. We have more foreclosures coming. If you are at the point where you would like to buy a house, this is a great time to do so.
More coming next week. Visit thenorrisgroup.com or John at johnmauldin.com.
John is a Fort Worth, Texas businessman, now living in Uptown Dallas, and the father of seven children, ranging from ages 13 through 30, five of whom are adopted.
He was Chief Executive Officer of the American Bureau of Economic Research, Inc., a publisher of newsletters and books on various investment topics, from 1982 to 1987. He was one of the founders of Adopting Children Together Inc., the largest adoption support group in Texas. He currently serves on the board of directors of The International Reconciliation Coalition and the International Children’s Relief Fund. He is also a member of the Knights of Malta, and has served on the Executive Committee of the Republican Party of Texas.
He is a frequent contributor to numerous publications, and guest on TV and radio shows as well as quoted widely in the press.
John is the President of Millennium Wave Advisors, LLC (MWA) which is an investment advisory firm registered in multiple states. John Mauldin is President of Millennium Wave Securities, LLC a FINRA registered broker-dealer. MWS is also a Commodity Pool Operator (CPO) and a Commodity Trading Advisor (CTA) registered with the CFTC, as well as an Introducing Broker (IB).
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