Recession-Warning-Media-Confusion-Bob Davis Podcast 855

Recession-Warning-Media-Confusion-Bob Davis Podcast 855

What Is All This Talk About Recession

These days it’s hard to tell who to believe. In many ways it’s the best economy ever. The best time to look for a job. An unprecedented economic boom. Why is everyone suddenly talking about a recession. Learn more in Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Not Making Predictions

First of all I am not here to tell you the economy is in the tank, or that it is booming.

Recession! Depression! Do I have Your Attention Now?

Truth is if you put the words recession, bust, or depression in an article you’re going to get people’s attention. In addition it doesn’t hurt to have a couple of historic drops in the stock market.

Now that I have your attention…Listen to Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Market Drops and Yield Curves Mean New Media Story Lines

It doesn’t matter if the markets recover from those drops.

What matters is now the media has a story line that predicts doom and destruction.

Fool’s Errand

Especially relevant is a lesson I learned a long time ago. It doesn’t matter how well informed a commentator might be. Making predictions about a force of nature like the world’s largest economy, is a fool’s errand.

Shallow Expansion, Debt and Slowing Growth

Even more, it is true our economy is growing and we are enjoying the longest economic expansion in memory. It’s also true it’s a shallow expansion and that growth just above the inflation line, isn’t really booming. Moreover, the expansion is getting pretty long in the tooth, as the say.

There Is A Season

In contrast like the seasons, economies operate on a cycle. Truth is anyone who predicts a recession will ultimately be right. Just like fall into winter recessions have a purpose. Economic contractions kill off the weak plants and animals and insects so the strong and grow again in the spring.

So when the yield curve inverts and the market drops it is certainly worth paying attention.

Seems like we’re missing something though. While the politicians and talking heads trade insults about who’s predictions are right, what are we thinking about?

Election Year Economics

In conclusion what plans to we the people have for the future economy of the United States. I sat down to do a podcast on the yield curve, claims about unemployment and recession predictions. I ended up with an essay on the pitfalls of talking economy in an election year, the ballyhoo on the current economy when the real questions aren’t even being asked. Let alone answered.

It’s 1950 In America…Coal Mines and Manufacturing, right?

Where are we going? What are we trying to accomplish? What kind of economy do we expect in the future. Is it really manufacturing jobs in Ohio and Coal Mines in West Virginia?

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Recession-Warning-Media-Confusion-Bob Davis Podcast 855

 

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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.)

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Podcast 363

Minnesota, Land of Confusion. What is the nature of what has been described as Minnesota’s ‘quirky’ political tendencies? Doubling as a Minnesota News Update, and commentary on the political state of affairs in the state, this podcast delves into the top political stories in the current time frame, and the conservative ‘movement’ in the state. As the House, with a Republicans majority vote to increase the education budget, the Senate with a Democrat majority votes to increase the gas tax by 16 cents. A tax which will come on top of the state’s 28 cent a gallon gas tax, federal taxes and local taxes. What’s the money going to used for? Roads and Bridges … Oh wait! Transportation. This, in addition to some three hundred million dollars a year which comes from the state’s recent Transportation Amendment, and existing bonding and budgeting for, well, roads and bridges. Senator Scott Dibble makes the ridiculous statement that ‘young people are leaving … for better transit options’. Richard Florida’s unproven assertions aside, studies show young people are moving to smaller, and larger cities like Austin, and Dallas, Denver, Des Moines and Omaha for career opportunities and cheaper housing. And what about the ‘lack of investment’ in the last thirty years? Projects on 94, 35W, 62, 100, the 610 interchange, the interchanges on 100 in the west metro this summer, innumerable ’roundabouts’ built all over the state, not to mention trains, trains, trains! And new buses. And a police force for the Met Council, and salaries for the Met Council. It seems as though, in this state Infrastructure, Education and Trains have taken their place next to entitlements as ‘third rail’ issues. Everyone wants more money, but they don’t want to have to pay for it. Solution? Tax the rich, tax corporations. And how many people in rural Minnesota really think they’re going to get their farm road repaved, or a new bridge down on the corner when the mayors of Minneapolis, Saint Paul, Duluth and rich Doctors in Rochester have their hands out for ‘infrastructure’ and transit projects of their own? And yet another Minnesotan has been killed by the ‘safe and clean’ Green Line … this one an employee of the Minnesota Senate. Meanwhile, reports are the Met Council actually plans for about 5 deaths like Lynne Thomas’ every year. Target laid off another 100 employees downtown, with more to come. Educators lied through their teeth about how STEM education was needed because STEM jobs were going unfilled in Minnesota. Most jobs in the state are for unskilled labor. Despite all this, it appears the conservative ‘movement’ in the state is failing. The republican leadership is moderate. Polls show the state’s population leans to the left. Why? Minnesota is an island of old-time-democrat-union-monopoly, in a sea of forward thinking, business oriented policy and politics in all the surrounding states. What’s wrong with us? Year after year the same arguments about Sunday liquor sales, stadiums and light rail, and yet the money is taxed, the outraged brooked, and the cycle starts over again. Is this how Minnesotans ARE? What can be done about it. SHOULD anything be done about it? Sponsored by Ryan Plumbing and Heating of Saint Paul. Image from the tenth amendment group. 

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