Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

Canary In The Coal Mine

Above all was this week’s banking meltdown the canary in the coalmine? We’ll talk about it in Canary-In-The-Coal-Mine-Bob Davis Podcast 1092.

Banks Fail

That is to say the meltdown of at least three banks this week sent shock waves through the financial community.

Screaming Fire

And allowed You Tube financial geeks and politicians the opportunity to scream fire in a crowded auditorium.

Cause For Concern

Certainly bank closures at any time are cause for concern.

Reasons

But there’s a reason for these developments.

Plain Language

Firstly Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is not a podcast with a bunch of statistics and language no one can understand.

Updates

Secondly I am updating some of the podcasts I did earlier this year and last on the US Economy.

Of course my personal concern has been the price of diesel fuel.

Greater Concerns About The Economy

On the other hand greater concerns about the US Economy are beginning to be top of mind.

Most importantly these concerns are not unfounded.

Inflation

To clarify the US is dealing with inflation which requires higher interest rates.

Higher Interest Rates

Subsequently we’re seeing the effects of these higher rates.

Business Not Prepared

Mainly because businesses aren’t prepared for this.

More Carnage Ahead?

As a result there will probably be more carnage.

Finally I am not going to tell listeners what they should do with their money.

In addition I am not going to predict the future.

We’ll see what happens. After that I will do updates as needed.

Won’t Predict The Future

In the same vein one of the subjects of Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is the penchant prognosticators have for predicting the future.

Politicians

And for politicians to politicize financial events they don’t necessarily understand.

History

In conclusion this is a precarious moment in history.

Pressure

Most certainly because of the weight of the moment there’s a lot of pressure on those who have to make the decisions.

Personal Hope

For example my personal hope for cheaper fuel!

Sponsored by Garden Gurus MN

Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

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The-Real-Matrix-Bob Davis Podcast 1063

The-Real-Matrix-Bob Davis Podcast 1063

The Real Matrix

Firstly The Real Matrix exceeds the wildest dreams of movie makers. Details in The-Real-Matrix-Bob Davis Podcast 1063.

Provo

Secondly what better place to talk about The Real Matrix than a Walmart Super Center in Provo Utah?

Walmart As A Reference Point

Above all this kind of place is kind of a reference point for me.

Certainly there are Walmart’s all over the United States.

I’ve been to a lot of them.

Walmart All Night

In addition you can still hang out in some Walmart parking lots all night.

Convenience For Nomads

And Nomads love the convenience in transit.

Maintenance

Most importantly I am in Utah to get some maintenance for Mobile Podcast Command.

All Terrain Tires

That is to say if you listened to my adventure in Dinosaur National Monument you know I need All Terrain Tires and maintenance.

Fragile Economic System

But as I walk through the Walmart here in Provo to do this podcast I am reminded how fragile our economic system is right now.

Enormous Influence

As a result I think it’s time to reinforce the fact that The US Federal Reserve Bank has enormous influence in our society.

The Real Matrix

Enough influence to function as The Real Matrix.

Inflation

Moreover as our central bank struggles to control inflation the result may be a recession.

Deflation

Even more a much bigger and more dangerous recession may be in the making.

Meanwhile every nomad I know is rooting for a deflationary recession.

Food and Fuel

That is to say much lower prices for fuel and the things we nomads need.

Back In The World

On the other hand this kind of situation might not be good for people back in the world.

Pressures Of Life

Finally I have often talked about the pressure of life back in the land of bricks and sticks.

No Judgements

Certainly this is not offered as a judgement.

Observation

But only an observation.

Gratitude

And it makes me glad to be a nomad.

Income Not Keeping Pace With Inflation

For example recent data shows incomes are not keeping pace with inflation.

Adds To The Pressure

And that adds a lot of pressure to life.

Provo Itself

To sum up Provo itself is a much younger community.

Therefore I talk about Provo’s demographics and history a little bit.

And of course, there’s nothing like a walk through a Walmart!

Sponsored by Ryan Plumbing and Heating of Saint Paul

The-Real-Matrix-Bob Davis Podcast 1063

 

 

 

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Corona-Quarantine-Causes-Depression?-Bob Davis Podcast 913

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

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

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

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