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

 

 

 

Friday Night On Mean Street Hennepin Avenue Minneapolis-Podcast 648

Have you been to downtown Minneapolis lately? These days some don’t feel safe there. In Friday Night On Mean Street Hennepin Avenue Minneapolis-Podcast 648 we run the gauntlet on Hennepin Avenue.

After Billions Spent, New Questions About Safety Downtown

The media is starting to ask questions about crime in downtown. Opinion makers and the city’s leaders are apparently concerned. The questions they don’t ask are revealing.

Another New Crisis

The Crisis in American Cities has been grabbing headlines for a hundred years. From The Gateway District to Mayo Square it’s the same formula. Use taxpayer dollars to Demolish. Rebuild. Repeat. Has it been worth it?

Robert Moses and Richard Daley Would Be Proud

Light rail and mixed use condos. Expensive restaurants and Hipster art districts. Bike paths. Safe spaces. Higher Minimum Wages. Political fights about redevelopment and economic inequality. Tax Increment Financing to bring in big retail and big companies.

When these efforts produce mixed results, the process starts all over again. More money. Newer stadiums. More buildings. More condos that are sold as ‘affordable’ but cost at least two hundred thousand dollars. Higher rents. Traffic Jams. Crime.

Downtown Minneapolis was never a ‘thing’

The neighborhoods and retail business were located in North Minneapolis and North East, Uptown, Lake Street in South Minneapolis and Saint Paul’s ‘Midway’. Sure, Hennepin Avenue always featured bars and hotels, places to eat and entertainment. But downtown was for warehouses, light industry, office buildings, city and county government. And drunks.

Not DisneyLand

Let’s just say it. Downtown Minneapolis isn’t Disneyland. It never was. That’s the reason punks loved in in the early 80’s. The gritty nature of Moby’s and other Block E attractions made it ‘charming’. It’s one of the reasons First Avenue was able to gain a foothold as a seminal and nationally famous music and punk culture venue.

These days, the well connected, with impeccable credentials in the Twin Cities’ public-private partnership world, continue to sell ‘more of the same’; Taxes, regulation, and fees that make seeing a show or going to a baseball, football, or basketball game and having dinner after, impossibly expensive for most of the disappearing middle class.

Investment For What?

Want to start a business downtown? Want to buy a condo downtown? Better be juiced into the money or have a lot of money. No wonder people are concerned about the nitty gritty nature of Hennepin Avenue. Walking down this street you’re mixing with the great unwashed. Unruly, scantily clad, vulgar, of different races and often from the poor side of the cities. And it’s really, really fun.

What Does The 21st Century Look Like?

We need to start asking questions about the nature of the city in the mid twenty first century. Retail is dying. Corporations don’t need tons of office space anymore. No one wants to pay more and more tax. No one wants to have to pay 22 dollars for a hamburger to fund the sports cathedrals for billionaire team owners that live around Lake of Isles or out in Minnetonka.

Is the solution really more cops downtown. Another Light Rail line? Subsidized office space? Another redevelopment of Nicollet Mall? More incremental taxes added to the bills at the Smack Shack? Who lives down here? Not the servers. Nor the kids hanging out at the LRT station.

Spend Daddy’s Money Downtown

Downtown Minneapolis is a place for trust fund babies, lawyers and corporates relocating. People who are used to having things their way. No wonder they think it’s unsafe. Sadly, they’re making everyone else pay for their own personal Epcot Center. It’s a con.

Present Becomes Past?

No matter how much they spend when you walk this street, you’re walking where the bums in the Gateway used to spend the winter drinking. The past echoes up and down Hennepin, even if the buildings are long torn down. That’s never going to change.

We Pay For Power In The Shadows

When you think about how much of the taxpayer’s hard earned dollars they’ve spent, one wonders when the Downtown Council and the real shadow power in Minneapolis will be held accountable.

Sponsored by Ryan Plumbing of Saint Paul

Friday Night On Mean Street Hennepin Avenue Minneapolis-Podcast 648

Minnesota 2nd District Congressman Jason Lewis-Podcast 647

Minnesota 2nd District Congressman Jason Lewis joins Bob Davis during the Pan-O-Prog (Panorama Of Progress) parade in Lakeville Minnesota.

High Stakes

Coming back from the recess, republican majorities in the House and Senate have a lot on their plate. Stakes are high. The Senate has to take up the question of ObamaCare. The House prepares to move onto Tax Reform and a big bombshell when it comes to the budget. For the first time in a long time the house will tackle so called mandatory spending.

No Town Hall Meetings So Far

There’s pressure on Freshman Congressman Lewis because he’s been meeting with constituents and detectors one on one rather than hold so called Town Hall meetings. Lewis addresses this criticism during Minnesota 2nd District Congressman Jason Lewis-Podcast 647. Still, Lewis points to legislative progress in key areas of this podcast and says he still supports the president’s agenda, with qualifications.

Not A Debate

Subscribers sometimes wonder why I do not debate sitting legislators and executives when I interview them. Every now and then our conversations get heated, but I don’t feel it is the role of the podcaster or interviewer to ‘debate’. We ask the questions, you draw your own conclusions.

Fasten Your Seat Belts For This Parade

Minnesota 2nd District Congressman Jason Lewis-Podcast 647 is a slice of life, interviewing the congressman on a gorgeous summer evening in Mobile Podcast Command as we roll through the parade. We talk about his concerns and challenges as a first term congressman. Two talk radio guys can cover a lot of ground, so fasten your seat belts for this parade.

Devil’s In The Details

New Congressmen are inundated with detail when it comes to legislation pending, and bills they’ve voted on. Especially interesting and relevant to me is the higher level of detail in Congressman Lewis’ answers versus Jason Lewis the candidate.

2018 Depends On This Congress Acting

One point the congressman makes is very important. He feels strongly for republicans, of which he is one, that this congress has to act. Lewis is looking to actions candidates in the 2018 cycle can point to as essential to a successful ‘re-elect’. We’ll see. Thanks again to the congressman and the people of Lakeville, Minnesota

Sponsored by Ryan Plumbing of Saint Paul and X Government Cars

Minnesota 2nd District Congressman Jason Lewis-Podcast 647

 

Return On Investment Chaotic World-Podcast 646

Fast and sometimes chaotic change sometimes causes people to cling to the old days and old ways. Return On Investment Chaotic World-Podcast 646 focuses on advertising for small business.

An Incredible Time

These days individuals and small business have the ability to achieve the kind of reach only dreamt about in past eras. One of the biggest problems I encounter is the habit of small businesses to fall into small thinking.

You Put A Dollar Into One End Of This Machine and You Get Twenty

Seems like business owners think there’s a machine somewhere that converts one dollar bills into twenty dollar bills and its called ‘Return on Investment‘. Social Media. Digital Advertising. Funnels. SEO. What are these? How do you set your business apart from competitors? We’ll talk about it in Return On Investment Chaotic World-Podcast 646.

ROI Is A Pig In A Poke

You don’t build a brand – as hackneyed as that concept is these days – worrying about ‘return on investment’. You don’t build a brand with ‘Hey Come On Down’ advertising approaches. Old thinking dominates main street and our political process.

Do You Feel The World Change?

Change is especially relevant these days. Chaos is another thing. Problem is if you don’t orient yourself and your business to it, change will become chaos.

There are more yoga teachers in the United States than Coal Miners, but we are developing a major economic policy for coal miners. Internet Commerce is in the process of disrupting and destroying retail. Yet, we’re building more malls. Autonomous machines and software of all kinds is replacing workers but city councils are passing higher minimum wages. In Return On Investment Chaotic World-Podcast 646.

Delivery By Drone

Technology already exists to deliver most of major company’s commerce by drone. Regulation and approval is holding it up. Same with driverless cars and many other innovations.

Meanwhile Back At The Ranch

I think it is probably predictable that in the face of potential chaotic change, people cling to the old ways of thinking and doing. Especially when it comes to advertising and politics. Change waits for no one though. It seems like the more we wait to adapt and improvise the more potential chaos looms.

Mundane to Extraordinary

The Return on Investment trope is the trigger for a romp through a discussion of new technology and its effects. From tanks in World War I to Edward Snowden. From advertising to asymmetric threats. It is here and more is coming. Return On Investment Chaotic World-Podcast 646.

Sponsored by Brush Studio In The West End

Return On Investment Chaotic World-Podcast 646

Dad Dog And Son Road Trip Meet Up-Podcast 635

Father and Son have taken many trips together over the years. We’ve crisscrossed the nation. Taken the train to ski out west. Gone to China and hit the highways out east. Father is storm chasing in North Eastern Oklahoma. Son is heading North East from California to New York, hauling an oversized U-Haul trailer with a little jeep. There’s a dog in the story too. In Dad Dog And Son Road Trip Meet Up-Podcast 635.

Two Different Road Trips Meet Up In Kansas

Used to ‘red balling’ it from the campaign trail, it’s a hop, skip and a jump from Miami, Oklahoma to Wichita Kansas. Taking a run across highway 133 all the way to 35 North, onto the Kansas left exit rest stops. I spent the night at Belle Plaine service plaza. Later in the day we figured out my son was emerging onto 35 from Kansas 400, about twenty miles north.

Meeting Up Ain’t So Easy

No problem! Back on the highway. Hauling ass for the next service area, north of Wichita. Towanda! This is where we met up in Dad Dog And Son Road Trip Meet Up-Podcast 635. Obviously when father and son get together there will be a podcast involved. And a dog. And some fast food.

Relaxed and Calm On The Road

Don’t worry I’m not missing any storms. Blue skies and sunshine out here in Kansas. Not a cloud in the sky. Being On The Road for any length of time changes my energy. I am much more relaxed and calm. More at home out here on the highways and interstates than when at home. A little bit of an energy mis-match between Andrew Davis and his father Bob Davis.

Lots of Content in This Podcast

Yes, he wants to talk about politics. We cover traveling with a dog that weighs about as much as me, and a giant U-Haul full of other people’s stuff. China’s history also comes up. The desire people seem to have these days to tear it all down. Andrew has concerns about losing our stability. That’s all it takes for dad to engage. And we’re off!

Son and Father Enjoy A Deep Connection

Discussions between us have always been this way, since he was a little kid. My favorite moment is when I ask him, “So you’ve traveled from California to Kansas and all you noticed is there are more trees?!”. We also talk about rural America’s trials and tribulations, how geographically large the United States actually is, and a lot more.

Sponsored by Ryan Plumbing and Heating of Saint Paul and X Government Cars.

Dad Dog And Son Road Trip Meet Up-Podcast 635

Podcast 595-Money

Money and Controlling the Media Battle Space

Money. Money. Money! Everything the new President says and does is controversial. The latest eruption concerns Trump’s executive order regarding immigrants from several war-torn countries in the middle east region. A handful of court rulings challenging the order are centered on whether due process can be denied people allowed into the United States legally. The court rulings do not suggest the President cannot use executive orders to control departments in the executive branch but whether if the executive orders deny legal rights without due process.

This is just another in a series of actions and comments by President Trump and his administration that have received wide comment and coverage in the media. While protesters protest and media outlets gas-bag about the latest affront to society, Trump and his people throw another rock into the lake creating new ripples that have to be protested against and reacted to by the already too reactive media. This is a tactic or strategy known as an OODA Loop. Trump is forcing the media and his opponents to react to him. When they react his team observes their reaction, decides on a new initiative and then acts, restarting the loop. In this way the administration controls the media battle space.

About the Money

In Podcast 595-Money: When it comes to Money, once the initial spate of executive orders and stunts at press conferences passes, Congress and the President will get down to work on legislative initiatives to address the moribund economy of the United States. Podcast 595-Money wonders whether what has been talked about by this president on the campaign trail and in the media will indeed, make America Great Again.

No Growth

The United States has grown less than 3 percent a year roughly for the last eight years. Those old enough to remember the early 80’s know that the experience of robust economic growth in that era was real. People didn’t worry so much about getting jobs. As inflation came under control and interest rates came down and as unemployment started to come down, optimism took hold. We have not had that kind of feeling in the United States for a long time.

The question is whether the things Trump wants to do will actually produce economic growth. Middle Class taxes are already historically low. Cutting corporate taxes may result in higher profits which is good for Wall Street but may not translate to jobs. Some parts of clearing out the thicket of Federal Regulations can be done by executive order but most of it will require congressional action. Will a Trillion Dollar Stimulus package to build roads and bridges spur economic growth?

A Republican Stimulus?

President Obama’s Trillion Dollar stimulus was supposed to stimulate economic growth and didn’t. Part of the problem with big federal stimulus efforts is the money has to be block granted to states and the spending becomes political. Another issue is the fact that most people in the United States are employed in services rather than construction trade. Aside from the fact that government spending doesn’t ‘create’ jobs, putting people to work in a small swath of the population usually doesn’t result in a high multiple. This is why the Obama Stimulus produced dubious results.

Another problem is Trump’s Trade Protectionist sentiments. While the trade unions love the idea generally the United States has been a free trade nation. Trade agreements are negotiated because most of our trading partners are trade protectionists. The agreements generally break down borders to our trade. The fact certain kinds of manufacturing is cheaper in Latin America and Asia has actually benefited Americans in the form of cheaper goods. Putting up barriers to manufacturing overseas also means goods in the US will become more expensive.

Most of the jobs lost in the last decade or so have been lost due to information technology, robotics and automation. New manufacturing plants are much more automated these days which means they will not produce the manufacturing jobs expected. When one considers completely automated warehouses like Amazon’s and robotic manufacturing like Elon Musk’s showplace plant, don’t expect ‘bringing manufacturing back to the United States’ means jobs at the factory for Uncle Mike.

If you believe the economy is the sum total of individual’s transactions then an economy can be considered a force of nature. This is the first time in recent memory a ‘conservative’ president has endorsed trade protection and big government spending. Two of the biggest problems economically in the United States are the ongoing budget deficits and the total public debt. One wonders how the cornerstones of the Trump economic policy will produce enough growth to reduce the deficits and public debt.

Finally in Podcast 595-Money, the proof will be in the pudding. With all the other controversies swirling around this president after just two weeks if his policies fail to produce the promised economic growth republicans will have real problems in the 2018 and perhaps the 2020 cycles, especially for the politicians that endorsed Trump. Be careful what you pray for.

Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul.

 

Podcast 584-Bob Davis Podcasts Radio Show-58

Podcast 584-Bob Davis Podcasts Radio Show-58. With the Electoral Vote, Donald J. Trump is the official President Elect of the United States. He’ll be sworn in as the 45th President on Friday, January 20th, 2017. As terrible coverage of the election, post election and the events leading up to the inauguration continues, time to shift the conversation toward the challenges ahead. Podcast 584-Bob Davis Podcasts Radio Show-58 my coverage of these challenges.

Last summer I predicted the final outcome of the 2016 election would center on the Great Lakes region of the United States. Ohio, Pennsyvania, Wisconsin, Michigan. The former industrial heartland has been plagued by bad economic and policy initiatives, excessive taxation, corruption and incompetent local governments. It’s not surprising people in these regions would have reached a point where they have had enough.

The new narrative is Donald Trump heralds a new kind of politics in America. Depending on the source, either a darker, jingoistic throwback to the 1950’s, a new kind of Populist-Conservative politics, or a new Centrism. Every politician wants to be thought of as a rail splitter, born in a log cabin. Both Hillary Clinton and Donald Trump come from upper middle class backgrounds. Park Ridge, Illinois and the Jamaica neighborhood of Queens, in New York City are hardly breeding grounds for American Populists.

While the tone of the executive branch might change under Trump the fact is moderate, establishment Republicans and moderate Democrats are still in control of the United States Government. How do we expect this group of out-of-touch politicians to address the challenges we face?

Since 2008 the US has had stimulus, banking legislation, the adoption of The Affordable Health Care Act and a change in Foreign Policy. The result is nominal economic growth, with 63 percent of the eligible workforce sidelined. A foreign policy that was supposed to herald a new era of peace and cooperation, didn’t. Despite major changes in technology, trade and comparative advantage the new story line is Manufacturing’s Greatest Days lie ahead. Is this true? Another initiative of the new administration is to force spending of a trillion dollars on ‘infrastructure’. Will this work? Is this a conservative economic policy approach? With only 8 percent of the work force is employed in manufacturing and construction and most of the rest of us are employed in value added services, one wonders.

Whatever the new president wants to do, it will be processed through the US Congress, State Legislatures and the Courts. With plenty of Democrats in congress and state legislatures ready to put up a good fight, we’ll see how much the GOP and Trump can get done. We’ll also see if the policy they end up with will work to address major challenges of the future.

Massive changes are taking place in our society and the world as the Fourth Industrial Revolution takes hold. While it’s good for Trump supporters and Republicans to celebrate, and for Democrats to prepare their opposition, the question is whether any of the leaders in Washington really understand what is needed for the people of the United States to grow our economy, move forward and prevail in the new world. Sponsored by Brush Studio and X Government Cars.

Podcast 576-Bob Davis Podcasts Radio Show-54

Podcast 576-Bob Davis Podcasts Radio Show-54. Hillary’s recount demands and Fidel Castro’s death prove real news stories are out there. Podcast 576-Bob Davis Podcasts Radio Show-54 features a look at the opportunities and challenges confronting the people. I have no endorsement of any major candidate to defend. I have no wish to add to the media reactive political noise. What I can do is help people break out of the political box, by asking some important questions. If Donald J Trump is chosen by the Electoral College and inaugurated in January of 2017, the Republicans will be in the best position to control the Federal and State Governments in decades. However, celebrating republicans should keep in mind, most elected republicans leaders are still ‘establishment’ types. Despite his promises suddenly Trump is backpedaling on repealing the Affordable Care Act, and prosecuting Hillary Clinton. His top advisors are discussing a trillion dollar stimulus package for infrastructure. He’s pulling back on the ‘big beautiful wall’. ‘Moderate’ republicans are also pulling back on  trade policy and managing expectations on foreign policy. It is doubtful republicans will address tough economic challenges with policy fostering dynamic economic growth. While we’re lost in debates about tweets from Trump Tower, The US economy is hampered by too much regulation, excessive debt and spending. Many of the so called social problems in this country can be attributed at least in part to low employment and slow or no economic growth since 2008. This is why it feels like we’re living in the Matrix. With a technology revolution as significant as the industrial revolution we need new ideas about society, politics and government. Instead, we have institutions designed for an agricultural or industrial age that don’t serve us anymore. On top of all that are demographic changes. The Baby Boom population is aging rapidly. Younger people have different ideas about politics, government and society. The future belongs to these younger demographics, and with different ideas about society, ‘Conservative’ and ‘Liberal’ mean different things. To address the challenges of the future will require more of us than reacting to tweets, the latest outrage, or someone’s personality. Sponsored by Ryan Plumbing and Heating of Saint Paul, Hydrus Performance, and X Government Cars.[powepress]

Podcast 562-Father Son Debate Recap

Podcast 562-Father Son Debate Recap. Live from Los Angeles, California. Time for a father and son recap of the last debate between the presidential candidates in the 2016 election cycle. Mercifully, at least this part of the process is completed. Now its the beginning of the final stretch of campaigning for Donald J. Trump and Hillary Rodham Clinton for the White House. In Podcast 562-Father Son Debate Recap, you’ll hear the differences between how the younger generations see this election versus their parents. My view is, while Trump was more disciplined in this last debate in Las Vegas, he still doesn’t tell anyone exactly how he will do these wonderful things he wants to do. More frightening is the fact that Hillary Clinton knows exactly how to do what she wants to do. Both candidates offer state solutions to all that ails the nation. One wants to offer ‘free’ college and health care, the other will grow the moribund US economy by getting our allies to pay the US for their defense. The problems are much more complicated than that. Moreover, solutions that aren’t state oriented are more challenging to foster. We’re living in an age when more people in the US are getting used to ‘free’ stuff from the government. Building walls, getting allies to ‘pay’, ‘free’ college and ‘fixing’ ObamaCare are only going to add to the deficit and deepen our fiscal and social problems. This is why I say the current two-party system, stepped in old thinking, has produce two of the most ill suited candidates in modern history, perhaps in all US History. My son, Andrew Davis, has some slightly different views and he presents them quite well. All in all it was probably as substantive a debate as we’re going to get from Trump and Clinton. Our analysis touches on the debate, the style of the candidates, some of the current state by state polling, foreign policy, aid to allies and foreign trade. Sponsored by X Government Cars.

Podcast 532

What I think of Election 2016. Getting emails and calls from people political analysts would consider ‘low information voters’ asking what I think and who they should vote for. So in this podcast I am going to tell you. First thing? When you consider the low quality of all reporting on election 2016 everyone is pretty much a low information voter. In 2016 the country is facing decisions on major issues in economics, immigration, trade, foreign policy, military, diplomacy, social issues and more. Almost no one fully understands the contours of these issues well enough to discuss them. Instead what we have are tribes of people who are very emotional about these issues. They know the latest meme. They know all about the latest scandal and the latest ‘story’ evolving concerning who said what about who, and the reaction to it, but when they’re asked to discuss any of the key issues of our time with clarity and depth, as they say in the windy city; “fergitaboutit”. Who do I think should be president in 2017? None of them. Repeat. None of them. If you include the so called independent candidates and the mainline party candidates they’re nothing but placeholders. Someone needs to lay out what the potential outcome of this election will be, regardless of who wins the office. I start – repeat start – to do that in this podcast. I realized about twenty minutes in, this is going to take more than one ‘talk’ podcast (with no editing) to lay out all the possibilities and outcomes. Bottom line? None of the potential outcomes bode well for the future of the United States. We’ve had a series of placeholder presidents, and it looks like we’re about to have another. Meanwhile, the country is getting closer and closer to what I call a ‘clarifying’ event that will wake people up from their media induced hypnosis, and reinvigorate the political process. Maybe. Maybe not. Meanwhile, if you expect to get information from television and radio, and from the standard websites these days, I feel sorry for you. If you guess you’ll find “the truth” on You Tube’s conspiracy channels, and the Drudge Report, guess again. In What I Think of Election 2016 you’ll get my read at the present time, which sets up future podcasts specifically on the issues in the hope of giving listeners to the Bob Davis Podcasts a little more substance and depth than you’ll find anywhere else. Meanwhile, it’s on to the motorcycle rally at Sturgis from here. Sponsored by Hydrus Performance and Brush Studio in the West End, Saint Louis Park.