Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941

Corona-Recession-Becoming-Depression?

Firstly chances of a happy ending to this pandemic are fading. Learn more in Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941.

Going Against The Optimists

Secondly I know what I have to say goes against the optimists.

Pollyanna

However there’s optimism, then there’s Pollyanna.

Mental Health

Thirdly and most importantly are concerns and questions about our overall mental health.

Giving In To Reopening Pressure

Certainly it’s now clear some states gave in to political pressure to reopen.

Shutting Back Down

As a result we face the specter of shutting back down. One of the reasons I ask whether the Corona Recession Is Becoming A Depression?

Negative Economic Impacts

Above all the big concern is additional negative impacts on the US Economy.

Relief Running Out

Even more unemployment benefits and business relief packages are running out.

The Sheriff Is Here With Your Eviction Notice

Finally as the grace period on evictions ends people are forced to move.

“This Is All Going To End, You’ll See”

This was all supposed to be over by now, right?

Taxpayers Are Broke…So Is The Government

Meanwhile Congress and the White House are negotiating new relief that starts at one trillion dollars. Where is the production and the tax revenue to pay for it?

Enormous Debt To Stop The Panic

More debt, more money printing and more borrowing future growth to stop the bleeding now.

The Boom Was A Dream

In addition the bill for the central bank’s propping up the world economy for at least ten years is coming due. Our economic boom was a dream. Corona is the shock that ended it.

Good Morning Sunshine!

In short it is not a pretty picture.

Optimism Rests On Stock Market and Unemployment Numbers

Similarly you’re going to hear a lot about unemployment numbers, the stock market and so on. But these are not how we measure the economy.

Top Guys Hedging Their Bets

In conclusion top financial people are already hedging their bets. Warning of gathering storm clouds and trouble ahead.

Kanye West, Protests and Karen

The fact that these stories have not seeped into the mainstream is especially relevant. But when you have riots, Kanye West and Karen’s antics at the WalMart to share on social media, who cares about the economy?

Really Hope The Optimists Are Right

To sum up, batten down the hatches America, in about a month we all may wish the eternal optimists were right.

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Corona-Recession-Becoming-Depression?

 

 

 

Podcast 349

Blood Moon. Live from Los Angeles, California, from Mobile Podcast Command Unit 8, on the eve of a lunar eclipse some say has prophetic implications, updating the top stories for the weekend. Have the ‘prophetic’ implications of the blood moon lunar eclipse been debunked? And why do they call it a ‘blood moon’, anyway? The top international story is the ‘deal’ with Iran, which really is no deal at all. Really, it is a framework for negotiations which will resume in 3 months. Meanwhile the President himself said this week Iran is 2 months from the bomb. Does that mean they will produce a nuclear weapon one month before the negotiations begin? In truth this is a big gamble on the part of a president who badly needs an agreement with Iran to cement some kind of foreign policy legacy. Is this a good agreement? And in Indiana, hysteria reigns supreme as the left goes crazy over a law similar to scores of other laws passed in states all over the country and backed by democrats including Bill Clinton and Barack Obama, as Senator. Finally, the is the economy getting better? It depends on what outlet you get your economic news from, on any given day. Unemployment numbers are either bad, or good. People are soon to spend the ‘tax cut’ they have received from lower energy prices, or not. Characterizing the US economy as in a ‘boom’ is a stretch when the 4th quarter’s growth was revised down to 2.2 percent and at least one Fed regional office is projecting zero percent growth for the 1st quarter of 2015. What key points to look for in all these stories, and more. Sponsored by Ryan Plumbing and Heating of Saint Paul