Storm Clouds Gather Over The Bull Market-Podcast 665

We don’t see the storm building over the markets. Distractions. Shiny things that draw the eye and ear. A war of words between a North Korean dictator and the president. Kneeling football players and the Tweeter In Chief. Meanwhile, the long expansion in the markets may be about to end. A heads up for you on how and why in Storm Clouds Gather Over The Bull Market-Podcast 665.

Watch The Shiny Thing

We don’t look beyond the distractions in the media to see what they conceal. No amount of pointing and saying ‘look’ is going to change it. We have not had a serious market or financial crisis since 2008. Our economy has been on life support ever since. Now the DNR order has been signed. Find out why in Storm Clouds Gather Over The Bull Market-Podcast 665.

Market Shocks Have Political Consequences

Remember 2008? The market crashed. The banking system was going to seize up, they said. A republican administration suddenly bailed out the banks, insurance companies and big car companies. The shock changed politics. A new administration came in, in 2009. New banking regulations, more government spending and a very large stimulus package was passed by congress.

Hey! What Happened To The Punch Bowl?

The Federal Reserve, bank of last resort, began a program called Quantitative Easing in 2009. Over the next eight years the FED added trillions of dollars to its balance sheet as it ‘injected’ money into the US economy. QE one, two three and four indirectly supported the stock market through the purchase of hundreds of billions of dollars worth of securities. What happens when they take that away?

Pay Attention

So this is a simple heads up that it might be time to start paying attention. While we’re talking about things that don’t matter they are doing things that do. That storm roiling to the west, might be rolling in anytime. In Storm Clouds Gather Over The Bull Market-Podcast 665.

Sponsored by Brush Studio In The West End Saint Louis Park, and by Ryan Plumbing and Heating in Saint Paul.

Storm Clouds Gather Over The Bull Market-Podcast 665

 

 

 

Podcast 537-Bob Davis Podcasts Radio Show-39

Podcast 537-Bob Davis Podcasts Radio Show-39. This week’s radio show contains 3 segments of new content for radio listeners and podcast subscribers. While the mission of the radio show is to bring content from the podcasts back to the radio, the political situation this week requires some additional thinking and reworking some of the ideas in Podcast 536. Podcast 537-Bob Davis Podcasts Radio Show-39 takes a look at what’s wrong with our political party system and makes some policy suggestions on the economy as thought starters for listeners and subscribers. These aren’t so much policy advocacy as a method to provoke thought and conversation around the idea that we have to do better. We have to hold our politicians and the political system to a higher standard, because we deserve better. As we progress to the final stages of the worst presidential election cycle in one hundred years the realization comes that no matter who takes the oath of office in January of 2017 the chances anything will change are remote. In fact, our national situation will either muddle along the same lines, or chaos will ensue. Your guess is as good as anyone else’s when it comes to which mainline candidate will produce muddle, or chaos. I’m not even sure which of both negative outcomes I would prefer, if such a thing is something you contemplate. Later in the show, questions about our national political themes. What happened to the America that was strong, not afraid to compete in the world, not afraid of the world, and ready to take risks to achieve. How did we become a nation of depressed, conspiracy theory mavens and people demanding someone ‘help’, ready to attack anyone for their view if it is contrary to their own? What happened to our money? What happened to our leadership? I believe what happened was too much government, expected to do too much, with mediocre ‘leaders’ who go along to get along, so they can keep their cushy jobs. We have to take it back. Taking it back means creating a new political movement in this country that pushes past the crust of the political party and primary systems, designed to keep the establishment in control. They tax us, divide us, scare us and control us, all to the purpose of making sure we’re good boys and girls. Remember, the people are the sovereign in this country, not Washington. Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul.

Podcast 517-Bob Davis Podcasts Radio Show-32

Podcast 517-Bob Davis Podcasts Radio Show-32. With huge reaction in the financial markets, the media and in political circles raging over the British vote to exit the EU this week, it seems as though 2016 just kicked off in earnest. In fact, for me this week flew by. One of the week’s features was the visit of my son. Andrew Davis joined me on a radio show I did last week for the Northern Alliance, and then we came back to the ‘broadcast bunker’ to have some steak, father and son time, and record a podcast. Honestly, I would probably not have talked that much about the potential for the Brits to leave the EU and the impact on foreign trade, the markets and politics. Andrew Davis is an International Relations guy, with some experience in government (working on Capitol Hill for a couple of years). Our conversations about trade and the potential for a British Exit turned out to be prescient, given the surprise of a close vote in Britain on the EU question. My problem with the whole issue isn’t the vote so much as the coverage of this story by the media, and the coverage of trade issues in the United States. While trade as a whole is a complex issue that can’t be explained away with a soundbite or snarky comment, it is also a core issue in the 2016 election cycle. It is amusing and instructive that during the run up to the vote in Britain, republican candidate for the nomination Donald Trump said, as a private citizen that he could understand why the British would want to leave the EU, while President Obama condescended to lecture British on why they should stay and Hillary Clinton supported Obama. For its part the media characterized, and demonized a no vote as ‘xenophobic’, ‘populist’ and ‘nationalist’. My question is, what if the people have no words anymore to describe the frustration of living under a regime of regulation, taxation, laws that nudge (governenment-ese for encourage) certain behaviors and get in our business in so many other irritating ways? We’ve lived under a construct that government is the solution for so many years we don’t even have the words to oppose it anymore, but we do still have a vote…for the time being. Sponsored by X Government Cars and Hydrus.

 

Podcast 482

The Story Less Travelled. As the pay for play media continues to chatter about what Donald Trump did this week, or Bernie Sanders’ predictions about democrat super delegates switching allegiance to him, maybe it’s time to take a look at The Story Less Travelled. Some percolating stories and issues people really aren’t talking about because they’re arguing about how tabloids post stories, how Internet rumors get started, how Donald Trump is going to make US allies pay ‘us’ for security, or why Bernie Sanders’ thinks Detroit became a hell hole in the last fifty years. There are real things happening in the world, most of which are reported on but not occupying very much attention, because too many pundits, talk hosts, talking heads, editors and managers are doing the bidding of political parties, candidates and their minders. What happens if Saudi Arabia decides to switch their alliance to China and Asia, which will account for the lion’s share of growth in energy consumption over the next ten years? What happens when economic instability due to massive debt and low profits comes home to roost in the banking system? How do you feel about academics going around saying the days of 4 percent and greater economic growth are over, and the solution is a world wide socialism-lite system, with more government and higher taxes? How will future presidents – the people filling your television screen with nonsense right now, and getting accolades from talkers, pundits and so called experts for it – confront a collapsing China, a Europe embroiled in a guerrilla war with thousands of ISIS fighters, and an economic depression. Maybe we should be talking about The Story Less Travelled more than what they want us to talk about. Sponsored by X Government Cars, Brush Studio in the West End, Saint Louis Park and by Hydrus. (Editor’s Note: This is not a ‘transcript’. Each podcast, which is original content in itself, also is accompanied by a short blog about the podcast. This blog is also original content, not a repetition of what is in the podcast, but a discussion of some of the ideas in the podcast. If you want to know what’s in the podcast, listen to it.)

Podcast 480

Brussels Attack & Foreign Policy. After putting off a Foreign Policy podcast two or three times this week, news coverage of the Brussels attack was so bad, it was time. Thus, the Brussels Attack & Foreign Policy Podcast. While this isn’t a discussion about media, one can’t resist complaining about the terrible coverage of this terror attack in the heart of Europe this week. If it wasn’t news anchors and talking heads trying to explain away defense and foreign policy issues with fairy tales and quips, it was the obligatory ‘False Flag Attack’ video on YouTube, within twenty four hours. Meanwhile, a talk show host who rails about “The Sheeple” being stupid and uninformed, endorsed Donald Trump’s presidential campaign with the statement, “He’s dumbing down his language so people will understand it”. The ‘truth’? It’s the international bankers (and other usual suspects) trying to bring in a one-world-government. According to the latest talk radio sell-out, Trump understands this because he understands banking. Hogwash. The main cable news channels are filled with hogwash. The Internet is filled with Hogwash from talk show and political charlatans to You Tube videos detailing ‘proof’ the illuminati is trying to take over the world. How do we know? Because a mind controlled sex slave says she heard Reagan and Clinton talking about it one time at the White House. Meanwhile voters in the United States are in the process of picking the delegates who will choose each party’s nominees for president, and we will choose a president, congress and one third of the senate in the fall. When it comes to foreign affairs, there are no easy choices and no simple solutions. People are deeply uninformed about foreign policy, poorly educated on history, and unprepared to analyze the consequences of rhetorical flourishes on the subject from political candidates. Watching more Fox News and CNN, or more videos on the illuminati take over and satanic sex rituals of the reptilian aliens on You Tube, no matter how slick, or the latest unrelated facts strung together with ominous black and white photos ‘proving’ the latest terror attack was ‘people in our government who want to make you think…(fill in the blank)’ isn’t going to help you make an informed decision. What happens when our presidents and congress make mistakes? Hint: What killed the Republican party wasn’t Donald Trump or Ron Paul. It was the invasion of Iraq and its aftermath. So yeah. Your vote for president is pretty important. Sponsored by Brush Studio, X Government Cars and Hydrus.

Podcast 441

Shopping, Trump, Lies & Liquor. Welcome back from the big Thanksgiving weekend. The weeks starts with the National Retail Federation, AKA The Propaganda Ministry for the Big Box Retailers. If they’re not making up stories about how many people will shop the day after Thanksgiving, they’re blaming lackluster retail numbers on … wait for it … The Internet and specifically Amazon.com. This is the latest nonsense cooked up to convince lawmakers ‘something has to be done’, and that something is regulation of the Internet, so people will continue to shop at obsolete brick and mortar retailers located inside something called ‘The Mall’. Do we have data that shows the Internet is killing the Mall? Not really. Meanwhile ‘Black Friday’ is more and more an example of all that is wrong in America, and provides a great ‘look at the fat Americans fighting over flat screen TV’s’ story often seen in the foreign media. Maybe people aren’t shopping because they don’t believe the fairy tail about our growing economy, or because the new job only pays half what the old job pays, or because there’s a double digit health insurance premium. Yeah, right. We’re going to ‘spend the savings on two dollar gasoline’ at the mall. You know, like a tax cut. Meanwhile, Political Information Lag produced a lot of surprises at the Thanksgiving table as relatives discovered each other were rooting for Trump, or Bernie Sanders. Both candidates are outside the ‘establishment’ Republican and Democrat story line. Everyone HATES Washington and they HATE mainstream media charlatans who lie to them, while they work for candidates like Hillary Clinton. Once real people actually start voting, we’ll see whether anti-establishmentarianism is a ‘thing’, or not. Jeb! shouldn’t hold his breath tho. Meanwhile the City of Edina’s liquor store apparently can’t complete with ‘cut throat’ discount liquor stores (that actually have a responsibility to their stock holders to make money; how quaint.) Thus, the Mayor of Edina wants a liquor store tax, to make up the loss. “It’s a good business, and we’re going to stay in it”. Why are municipalities in the business of selling liquor? Bottom line, if government can’t even make money selling liquor apparently its incompetence knows no bounds. Sponsored by Ryan Plumbing and Heating of Saint Paul and X Government Trucks.

Podcast 303

Podcast Consciousness. Live from the Kitchen! After a string of podcasts discussing intense topics, from economics through to participation in politics translating to political power, it’s time for a podcast consciousness podcast. How I do what I do, and how it drives me crazy sometimes. Well, maybe all the time. In searching for podcast topics, I spent some time tonight cleaning out my ‘stacks’ of news stories on foreign affairs, business, politics, local and all kinds of other topics, and found a lot of stories that never made it to ‘air’. Part of the reason for that is the effort to winnow all this day to day news writing down to some key points people can use to understand what I think is going on in the world, but the podcaster can miss the opportunity to just talk about stories that are interesting (to him). Maybe it’s winter. Maybe its cabin fever. Something’s going on below the surface though … perhaps a quest for adventure … maybe a road trip coming up … There is a restlessness rising up from the depths right now. Good time to talk about it. Plus the latest economic fairytales from the financial media, and what to look for down the road on that front. Sponsored by Baklund R &D

Podcast 300

Republicans and Rhetoric. Wasn’t able to tape tonight’s appearance at the SD-61 Chili Dinner and Contest. Thanks to everyone who showed. Podcast 300, aside from being a milestone for The Bob Davis Podcasts, gives the listener an idea of what was discussed. One usually comes away from these kinds of events feeling a little uneasy, especially when hard political issues are discussed. I usually write these podcast notes in the third person, but not this time. I am either seeing things others don’t see in the political process — out in front of the vanguard so to speak — or the things I am seeing and feeling are internal issues and aren’t really there. At this weekend’s big confab in Iowa, the good news is that Wisconsin Governor Scott Walker was able to connect in a personal and substantive appeal to the conservatives gathered in the Hawkeye state for Congressman King’s event. The bad news is that Donald Trump and Sarah Palin made purely rhetorical appeals, which I think damage the so called conservative ‘brand’. Now, since it was a Republican get together I don’t expect good coverage from most of the media, but some of the things said were just not helpful. Aside from involvement in local politics, if so called conservatives are going to be able to argue their points, they are going to have more than just rhetorical arguments. If all Republicans are going to do is bray in an attempt to persuade, or shock, without eliciting any information, it is going to be a very long election cycle from next fall, to November of 2016. It is possible to persuade and inform. The problem is what do Republicans want to do? What do they stand for? What’s their plan for the long term? As people shift from outrage and frustration to addressing a kind of inner challenge, do any candidates in any political party understand that challenge? Mostly what I hear is a lot of empty talk about values and outrage and demands. Is that connecting with people? We talked about some of this at the SD61 event, and I review that conversation in this podcast. Sponsored by Depotstar

 

Podcast 298

Heavy Stories. In the first of two podcasts for the weekend of January 23rd, 2015…the heavy stories. Lots of talk about the State of The Union, whether or not a Republican Congress can govern, factions forming in the House, and all the other static. These stories have obscured for the time being, discussions of the effects of the price of oil. The low price of gas is almost always celebrated by the media as a ‘good thing’ since ‘reductions in the price of gas, act like a tax cut on the economy’. While it is a pleasurable to experience to fill up your tank for less than thirty dollars, throw in a car wash and come away with change from your fifty, we still have a long way to go before the ‘tax cut’ experience kicks in. Suddenly though, the story line has changed. Media outlets and pundits who enthusiastically endorsed lower oil prices as ‘acting like a tax cut’ are suddenly decrying ‘deflation’ in the economy, and writing stories about how deflation can only lead to ruin, and ‘something’ must be done. Meanwhile, the price of beef, milk, cheese, rice and other staples at any store, whether it is a Walmart or a ‘Whole Paycheck’ aren’t ‘deflating’ very quickly. And since wages have not kept pace with even moderate inflation, Americans will need to see further reductions in the rate of inflation (Disinflation) before the celebration begins. And what about those media outlets? Why they have found a new story line … horrible and giant oil companies that are suddenly laying of noble workers in North Dakota and Texas. What will happen when companies start laying people off, due to reduced pricing power? (Editor’s Note: They don’t mention that energy price inputs for companies are also getting cheaper.) Why is the specter of deflation terrifying? Because as money becomes worth more (lower prices mean you can buy more) if you are in debt, it makes paying back the debt that much more difficult. And, the world’s central banks are carrying a lot of debt. So are companies and individuals, and your good old Uncle Sam. Moreover, this nonsense about the United States being economically decoupled from the rest of the world is being exposed. If the rest of the world slips into recession because of bad economic policy and bad monetary policy, and bad political leadership, why would the United States escape the pain, since our policy and political leadership is just as bad as say, Europe, if not worse. This — and many other issues — will also be discussed this weekend at the SD-61 Chili Dinner AND CONTEST in South Minneapolis. Come on out! Sponsored by Mycompletebasement.com.  (Editor’s Note: 06:38 Hours: Well, I just google mapped Midland Texas and characterizing it as in the Dallas metro, is a bit of a stretch, in fact it’s more like the splits. Midland is west of Fort Worth, close to Odessa so it really isn’t as to Dallas as Plymouth, Minnesota is to Minneapolis. I seem to remember a trip to Dallas, seeing an exit for Midland and it seemed a lot closer than it looks on the map.)

Podcast 293

Wash Cycle. Updates for the new work week start with laundry in the Broadcast Bunker. You’ve probably been feeling pretty good lately, what with all the stories about how great Christmas Shopping was going and how cheap gas was like a tax cut, and how we’ve finally turned the corner on the economy, with the multitudes heading back to work, right? The toward the end of last week, someone punched the mute button on the celebration. Now, this won’t stop the President from taking credit for ‘booming’ economic growth in the United States in his State of The Union message, but new numbers temper the enthusiasm a little bit and may even explain why more than half of Americans aren’t so sure we’ve got the party started yet. As with almost every development related to President Obama and the economy, the compliant media continues to paper over mistakes, and grasp at green shoots in the economy. Unemployment is 5.6 percent! We’ve created over 250,000 jobs! What they don’t tell you is today’s 5.6 percent isn’t the same as when Bill Clinton was president, since there are 65 million some people who apparently are out of the work force permanently. Moreover wages, which have been rising slightly, are not rising fast enough, or high enough to sustain economic growth, say some analysts. At the end of last week, the compliant media was again surprised – stunned in fact – to see that retail sales actually contracted in December, a whopping .9 percent. Economists (astrologists) had predicted only a .1 percent drop. Remember when cheap gas was supposed to act like a tax cut? Gas stations got hit the hardest. Auto sales got hit. And, even though we ‘created’ two hundred fifty thousand plus jobs last month, there were 314,000 applications for unemployment, up 19,000 and the highest number in four months. Note to self; A tax cut is a permanent reduction in a tax rate, allowing people to plan for the long term future by investing, or purchasing big ticket items, or starting businesses. A reduction in a price is not a tax cut. Meanwhile the energy price and commodity price rout continues, and now banks in the oil patch, manufacturers like CAT, rail roads and energy states are taking the hit. Oh we’ll take the cheaper oil, but the media needs to stop crowing about how great a commodity price collapse is. It should be viewed as a danger sign, because the rest of the world economies apparently got the wrong flu shot. What’s wrong? No one is asking whether or not we should be stimulating supply, rather than demand. Are conservatives proposing dynamic, proven solutions? Finally, the IRS wants more money. They don’t have enough employees. Has anyone bothered to report how many employees the IRS actually has? You’d be surprised. Sponsored by Ryan Plumbing