Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

Summers End Turning Point 2022

Firstly summers end is always a turning point. You might remember this one for a long time. Details in Summers-End-Turning-Point-2022-Bob Davis Podcast 1068.

Not Political

Secondly these are not political podcasts.

Economy

Certainly they have to do with the US and world economies.

However one of the chief mistakes of many analysts is their penchant for attaching economic problems to current political leaders.

Inflation Years In The Making

Most importantly the inflation nomads and people back home are dealing with was years in the making.

Major Slow Down Ahead?

In addition one of the biggest takeaways from this podcast is the increasing possibility for a major slow down and a shift from inflation to deflation.

Recession

For example Germany, China and technically the United States are already in recession.

Feeling The Pinch

And smaller economies and developing economies are also feeling the pinch.

The Cause? Not What You Think

While much has been made of the war in Ukraine or supply issues these are not the root cause of the inflation in the United States.

Gas and Food For Nomads

Above all we nomads feel the pain when it comes to gas and food prices.

Everything For everyone Else

And for the people in the and of bricks and sticks it’s just about everything else.

In Summers-End-Turning-Point-2022-Bob Davis Podcast 1068 I argue that the inflation we’re dealing with has been caused by years of near zero interest rates and something called quantitative easing.

Don’t Bet On A Pivot

In the same vein analysts keep saying the US Federal Reserve will ‘pivot’ soon.

95 Billion Every Month Bought For Years

To clarify Quantitative Easing has taken the form of the central bank buying 95 billion dollars worth of bonds EVERY MONTH.

Now Selling 95 Billion Every Month

More importantly Quantitative Tightening is the central bank selling off 95 billion dollars worth of bonds EVERY MONTH.

Moreover those bonds are ramping up to a full 95 billion EVERY MONTH in September.

That’s a lot of liquidity sucked out of the banking system.

Therefore listeners can see why I say Summers End is a Turning Point.

Meanwhile I emphasize EVERY MONTH here because I did not in Summers-End-Turning-Point-2022-Bob Davis Podcast 1068.

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Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

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War-AntiWar-Con-Job-Bob Davis Podcast 891

War-AntiWar-Con-Job-Bob Davis Podcast 891

A Drone Strike Blows Up Internet…And A General

First of all after the US killed an Iranian General with a drone strike, social media went nuts. In addition all the other media went nuts. I think it’s time we sorted it all out in War-AntiWar-Con-Job-Bob Davis Podcast 891.

War-Anti-War Con Job

Furthermore when everyone wants to use the ‘facts’ they agree with and repeat arguments they hear on cable TV news it’s nothing but a war versus anti war con job.

Things Could Go Either Way

Certainly the United States is in a serious situation when it comes to Iran. In the wake of the airstrike things could go either way.

Real News Too Confusing and Complicated

Unfortunately no one was thinking about foreign policy when they voted in 2016. Moreover most Americans consider foreign affairs to be too confusing and difficult to think about.

Real World Too Complicated?

Above all when it comes to the US role in the rest of the world every action has a reaction. The hard part is managing reactions going forward.

You Want A Democracy? Grow Up!

Most noteworthy is the question of exactly what Americans want when it comes to foreign dealings. Sorry but it’s not as easy as a meme or a four line capital letters post on social media. More on that in War-AntiWar-Con-Job-Bob Davis Podcast 891.

Shouting Matches Are Not News

Even more these things aren’t solved with split screen debates on television where guests are encouraged to get into shouting matches. Meanwhile we show pictures of planes and ships.

Explaining The Issue

Finally it’s time to attempt to explain the contours of this story. In contrast to the magpies on the line, I am not going to tell listeners and subscribers what to think or what to do. I will not do your homework for you.

Try Listening First

If we really want to figure this out then different points of view need to be heard.

(Editor’s Note: I mentioned my podcast on political populism and promised a link. Click here)

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War-AntiWar-Con-Job-Bob Davis Podcast 891

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War-Rumors-Iran-Trump-Bob Davis Podcast 832

War-Rumors-Iran-Trump-Bob Davis Podcast 832

Presidential Election Ahead…Cue The War Drums

War and rumors of war. This time between the United States and Iran. These days you don’t know what’s real. We’ll talk about it in War-Rumors-Iran-Trump-Bob Davis Podcast 832.

The Devil’s In The Details

In addition I’ll provide details and perspective you don’t get from breathless cable news channels, talk radio and advocate commentators. Once a crisis develops advocacy media will try to convince viewers for or against.

Complicated Issues

Iran is a much more complicated issue.

First of all, at issue is the so called JCPOA. The Joint Comprehensive Plan Of Action.

The JCPOA was signed by all five permanent members of the UN Security Council and Iran during the Obama administration.

Moreover in exchange for Iranians giving up weapons grade uranium some US and European sanctions dating back forty years were temporarily waived.

The Worst Deal Ever…Might Have Been Working

In 2016 republican presidential candidate Donald Trump campaigned on getting rid of the JCPOA calling it ‘the worst deal I’ve ever seen’. In contrast some  sources say Iran was actually abiding by that agreement. By the way, the deal Trump signed with North Korea recently pledging to de-nuclearize the Korean Peninsula was in fact a communique like the JCPOA, with fewer conditions.

Trump Imposes Sanctions

No matter. President Trump has taken the US out of the deal and imposed sanctions last year. Just recently the US has reimposed sanctions on Iran’s oil exports as well as copper, aluminum and steel most recently. The economic effects have not been good for Iran.

Iran Uses Proxies To Retaliate and Threatens To Start Enriching Uranium

Reportedly Iran has retaliated using Houthi rebels in Saudi Arabia to attack oil pipelines and shipping in the Persian Gulf.

Trump Sends The USS Abraham Lincoln

Trump ordered a US carrier battle group into the gulf. The Saudis want Iran ‘defanged‘ and have called for ‘surgical’ US Airstrikes.

24 Hour Cable News Channels and Talk Radio Love War

Here come endless loops of jets leaving carrier decks. Pundits talking over shock and awe. Headlines across the bottom of screens showing US troops in Iraq.

Deja Vu All Over Again

Finally we have been through all this before. It did not end well. In fact it has not ended. The Iranians are not paragons of virtue but they are no Iraq or Afghanistan either.

In conclusion we ought to think about that before we’re snookered into another war.

(Editor’s Note: I refer to PPP when giving Iran’s per capita income at about 22,000 a year. In US Dollars it’s probably about 8,000 a year. In addition I gave Iran’s oil export total as 1.2 barrels a year. Even more it is roughly 1.2 million barrels a day.)

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War-Rumors-Iran-Trump-Bob Davis Podcast 832

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