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Is This Really 1929 - 2.0?

By
Education & Training with Retired Executive Director of Education at eXp Non-Licensed

Some financial pundits are hailing this last week's bailouts, bankruptcies and market crash as the most significant since 1929. Former investment banker Pat Kitano will be on Rain Radio today at 11:00am PDT, to sort out the two opposing theories on the market - is this the beginning of Financial Armageddon or is this the massive market cleansing process that investors have been waiting for so that we can call it a bottom?  Come join us today on BTR and RainRadio to hear Pat "Voice" his views on everything from 1929 - 2.0 to the Bailouts and economic forcast and future of our great nation.

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Call-in Number: (347) 677-1643

 

Pat is an ActiveRain Member, also with Transparent RE.  Pat is currently co-Founder, Managing Principal of Domus Consulting Group, a management consulting firm working with real estate brokerages, media/publishing companies, and Web 2.0 companies to develop social media strategies, and with venture investors on new business models.  He's a regular speaker and commentator on real estate industry and technology issues and is always on the lookout for a "transparency" angle. Since graduating from Cal Berkeley (Geophysics) and Columbia University (MBA), he's been involved in four competitive industries - films, investment banking, internet technology and real estate.

Pat has been helping to put on the Social Media Networking and Marketing Webinars for many of our ActiveRain members.  His Blog, Transparent Real Estate covers strategy, innovation, economy, intelligence, and technology.  Our webinars take place every Friday morning at 9:00am PDT and 12:00pm EST.

 

"Domus Consulting Group is a leader in the development of a new social media platform they simply call the “Social Media System“. This system enables companies, organizations and groups to create powerful effective social networks WITHOUT REQUIRING THEIR PARTICIPANTS TO BLOG. Using various popular applications like Twitter and Friendfeed, and bookmarking tools like del.icio.us, our Social Media System facilitates real time news wires. We developed the System because blogging can be challenging, but participating in the various social media is easy and fun."  Pat Kitano

For upcoming future shows, or to hear any previous shows on RAIN Radio, you can listen to all our past guests and archived broadcasts at BTR.  We really are trying to make a difference, just one voice at a time.

Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876

 

For those of you who were on the chat line, I apologize for my multi-tasking skills, It looks like I had too many windows open at once.  This new feature we've added will be great and allow you to participate without having to call in.  (Once ActiveBrad gets his Act together.. LOL) Thanks to the chatters who joined us, I'll make sure I have it working correctly next week and for future shows.  :-)





Pat discussed some really interesting concepts and opinions on the broadcast today
.  I for one am "banking" on his optimistic point of view for the future of the nations financial economy after the bailouts.  This was one of those timely topics I felt members and consumers might just want to hear about. 

 

 

Sep 25, 2008 07:08 AM
Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876

Anyone who missed this broadcast can listen to the recorded session anytime and at your cnvenience. 
Just listen to it by clicking on the widget that is located on my sidebar (to the right) under my photo. 

Click on graphic above if you wish to leave a comment at the site,
please be sure to take a second and rate the show while there. :-)

Sep 25, 2008 07:21 AM
Dean Moss
Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL
Dean's Team Chicago IL Real Estate Team

Brad & Company -

Bailout agreed to in principle - let's see if it gets through Congress quickly.

Sorry, I missed the radio interview, and I'm no expert in financial history, but I have heard many say the crisis in credit was similar to the stock market meltdown, fueled by highly-margined stock buyers, back in 1929.

There were no money market funds to speak of back then, and mortgage lending was a whole different animal, but the wild exuberance of the Roaring 20's, with wild spending and little forethought, has, in hindsight, many relatives here beginning in the 1980's.

Indeed, Depression can happen again - although few thought it was possible.

Thanks for the update - we look forward to future Rain Radio interviews.

DEAN & DEAN'S TEAM CHICAGO

Sep 25, 2008 07:48 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Brad,

I just found this post. I believe between the sub-prime meltdown and high gas prices they accelerated a problem that has be brewing for years.

Sep 25, 2008 08:00 AM
Patt M. Judd
First Realty Company - Cookeville, TN
Realtor - Your Cookeville Connection

It is sad to think about what could possibly happen to our econemy...

Sep 25, 2008 08:30 AM
Ruthman Real Estate
Accessibility & The Power to Advise - Fairfield, CT
Sep 25, 2008 08:55 AM
Linda Jandura
Raleigh Cary Realty - Apex, NC
Realtor, North Carolina Buyer & Seller Specialist

Brad,  For most of this afternoon- EST from about 1;30 to 3:30 I couldn't get on Active Rain, kept getting the Proxy error message. Must have been a ton of people listening to this show. Will it be available online soon? Hope so, I'm sorry to have missed it.

 

Sep 25, 2008 09:23 AM
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Brad, I couldnt' get on either. I've been getting serious proxy errors now for four days. I got on this morning for about 1 minute, got bumped and couldn't get a login that would work for two hours. Finally quit trying as I went out of hte office.

Sep 25, 2008 10:07 AM
Dawn Maloney
RE/MAX Trinity Northeast Ohio Real Estate Specialist - Hudson, OH
330-990-4236 Hudson & Northeastern Ohio

I've been going crazy with proxy errors too, btw.

 Thanks for the links Brad!!

Sep 25, 2008 01:35 PM
Cat Zwicker, CRS
Desert Sky Real Estate, LLC - Redmond, OR
Down to Earth Service; Out of this World Results!

Well here I sat thinking crap I missed this and then I get to the bottom and find out about blog radio.  HUGELY awesome as I really wanted to hear Pat's take, guess I'll try to re-tune in tomorrow.

Sep 25, 2008 03:04 PM
Michael Sahlman
www.HomesForVIPs.com - Keller Williams Realty - Miami Beach, FL
e-PRO - Miami Beach Florida Luxury Homes

Thanks wished I could have listened in. Next time I will.

Sep 25, 2008 03:09 PM
Jeremy Blanton
Myrtle Beach Homes Blog - Myrtle Beach, SC
Myrtle Beach REALTOR®- myrtlebeachhomesblog.com

Brad I enjoyed the chat room feature...I think it will make things much easier.

Sep 25, 2008 03:09 PM
Gena Riede
Riede Real Estate, Lic. 01310792 - Sacramento, CA
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699

Brad, another great program missed. I am always working...I guess I can't complain but one of these days I would love to be able to listen. You have some great guest speakers. This is such a win, win for everyone. Thanks for starting this and for all your hard work. You're the best!

Sep 25, 2008 06:15 PM
Scott Barr
Pacific Sotheby's international Realty - Newport Beach, CA
Realtor

Brad thanks for recording the interview. It'll be convenient to go back and listen.

Sep 25, 2008 11:03 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Will have to make it a point to listen in in a bit :)

Sep 26, 2008 12:57 AM
Ross Quintana
Real E Smarter - Spokane, WA
Real E Smarter Real Estate Coach - 509-362-1966

The rich are pulling another fast one on the poor The Bailout is a scam to take more money from the people and give it to big businesses. One one hand they say the people shouldn't have taken those loans ,then instead of helping 300,000 people in foreclosure, they reward the banks and corporations with billions of dollars. Americans need to wakeup and see this scam for what it is. The average american will not see any difference from this bailout, as a matter of fact, if the people shouldn't have taken the loans and our losing their house, shouldn't the people running and investing in these bad corporations lose money for making the wrong choices. The rich investors will again take money from average americans and bail out their own bad choices while leaving the average american who tried to buy a home stuck with their choices.

Sep 26, 2008 03:40 AM
Patrick Kitano
BNN - San Francisco, CA

Frankly, nobody really knows whether this bailout will work or is a scam... however every day the bailout is postponed is a day when nobody UNIVERSALLY is lending any money. The cost of this paralysis could kick off a death spiral of unnecessary bankruptcy on all levels of society, so some sort of resolution need to happen. I find the politics of the bailout intriguing and it keeps me glued to CNBC and the news media. I'm chronicling the bailout in a picture comics format at Transparent Real Estate:

  1. Senate Bailout Hearings in Pictures - Part 3
    Friday, September 26, 2008
  2. Senate Bailout Hearings in Pictures - Part 2
    Friday, September 26, 2008
  3. Explaining the Senate Bailout Hearings in Three Pictures
    Wednesday, September 24, 2008
Sep 26, 2008 10:16 AM
Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876

Ross - thanks for the comment, not sure about the whole scam thing, but who really knows.  :-/

Sep 26, 2008 02:31 PM
Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876

Pat - thanks for stopping by and thanks for being on the show.  You shared some great insights and information, I hope readers will go and listen to the recorded broadcast.  I'm off to check out the links you left now.  BTW - Great webinar today my friend, have yourself a FANTASTIC Weekend.  Thanks again.  :-)

Sep 26, 2008 02:34 PM
Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes

Brad - I listened to the whole thing today - lol, I missed it by one day - however it was great and I really appreciate you and Pat and Kevin sharing all this great info. You're doing a great job

Sep 26, 2008 05:21 PM