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 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 557-Bob Davis Podcasts Radio Show #47

Podcast 557-Bob Davis Podcasts Radio Show #47. Kitty Genovese was murdered on a street in Kew Gardens, Queens New York in 1964. She is famous because the New York Times ran a story that scores of witnesses saw Kitty stabbed by an assailant, and did nothing. Fifty years later her younger brother Bill Genovese did the legwork the New York Times did not do and guess what? It turns out the idea that decent people would ignore a woman being attacked and killed on the street in a major city turns out to be a myth. New York Times editor Abe Rosenthal thought it would help people to tell the story the way his paper told it. In fact as the new documentary ‘The Witness‘ shows, the idea that people would stand by and do nothing ended up having devastating consequences for Kitty’s brother Bill. No spoilers here, but a great piece of work from a citizen journalist who decided to get to the bottom of the story; something apparently the New York Times couldn’t do for fifty years. Or 60 minutes. Or dramas like Perry Mason and Law and Order, all perpetuated the myth no one did anything while Ms. Genovese, 28 was being murdered. It’s a great illustration of the fact that while we live in a supposedly modern society, we’re constantly told lies disguised as myths because an editor or producer or reporter somewhere decided it would ‘help people’, or because they’re lazy, or because it’s clickbait. If you want to know why Election 2016 is based on lies, fairy tales and myth, why the issues are fake, the candidates and the political parties are fake, ‘The Witness’ is a good place to start. Realizing the media is complicit in creating myths no less powerful than the old oral histories passed down by shaman and story tellers around the campfire, through family, clan and tribe, one wonders what it takes to get to the facts in a case. Fact is, most of the time all it takes is some time and shoe leather to check the source material and talk to people on the front lines. Does our media do that? No, it’s much cheaper and easier to sit in an air condition studio in Times Square, with a roundtable of other people who know nothing, telling everyone else what they should be thinking and doing. What implications does this modern myth making (called story-lines) have? How can you make good decisions with bad data? Welcome to 1984. Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul.

Podcast 490

Just Getting By. This was a big weekend. Doing business stuff for The Bob Davis Podcasts, which includes doing some final work on taxes – yes filing late for the first time in many years – and discovered many people who have donated to Mobile Podcast Command who need to be thanked for their generosity. Finally with a complete list, we work our way through the people who have been instrumental to the road trip podcasts both for the sake of travel – a new topic category with The Bob Davis Podcasts – and for covering the 2016 primary campaigns earlier this winter/spring. Another subscriber asked me to talk about the economy, and it’s been awhile, so this podcasts focuses on the Just Getting By economy. We start off with how to inform yourself about economic news, then move onto a discussion of the problem areas with the US and world economy. A slow down in demand and low inflation has hit emerging economies like China, Brazil, Russia as well as basket cases like Venezuela. Meanwhile central banks keep pumping cash into these economies, encouraging more government and corporate debt. In the US, there have been as many corporate defaults this year as 2009. Not a good sign despite economic growth and improved employment numbers. Yes we’re out of recession, no it doesn’t feel like dynamic growth because it isn’t. We’re Just Getting By. Don’t expect the next president, or congress to solve any problems because no one is discussing how to spur the growth of new technologies that will form the building blocks of a new economy and a new society. Our political leaders are still talking like it’s 1999, or maybe even 1909. Employment may be higher, but the quality of those jobs isn’t as good as it was before the 2008 recession, many of them are part time, and don’t cover benefits. Many people are freelancing, which many writers don’t seem to think is a great idea, although some people in the so called 1099 economy love the freedom, and some make pretty good money if they hustle. While companies are hiring they are being more cautious. Stories about the ‘hell’ of the modern workplace proliferate these days, although working is better than not working. Meanwhile autonomous machines, self driving cars, single seat drone aircraft you fly by wire, dirigibles, supersonic airliners, robots who can operate like human beings, artificial intelligence, new advances in communications, anti aging, advances in medicine, compounds used in manufacturing and construction, changes in money, and many more new ideas are coming down the pike at a frightening or exhilarating speed, depending on what your fear level is. The new economy is coming, whether we want it or not, and if the government gets out of the way, it might just be pretty great. Let’s work through it and figure out what to do, because clearly this crop of 1900’s trogolodites doesn’t know what to do. Sponsored by Ryan Plumbing and Heating of Saint Paul, Brush Studio, and Hydrus.

Podcast 444

Trump’s Folly? Midweek news updates. It’s all about Donald J. Trump who has managed to gain complete command of the media battle space on the issue of Jihad in the United States, on the heels of the San Bernardino, California attacks. With polls showing Trump with a commanding overall lead, compared to all the other Republican Candidates, his announcement that ‘Muslim immigration should be put on hold until we know what is going on’ has put him to the right of even Ted Cruz, and forced all the other Republicans into defending the President. Not only is Trump being compared to Hitler, (Ridiculous in its own right, since the greatest progressive in history and democrat President Franklin Delano Roosevelt didn’t waste a second rounding up West Coast Japanese-Americans after the attack on Pearl Harbor by Japan) his latest statement on Muslim Attacks in the US is being described as a ‘brilliant political move’. It all adds up to higher poll numbers for Trump and higher ratings on foreign policy and defense than the so called ‘adults’ in the room, like Lindsay Graham who called for a campaign this week to ‘Tell Trump to Go To Hell’. So much for adulthood. In this podcast, what you need to know, what this means, how to do your own homework and stop asking others to tell you what you’re supposed to think. Bottom line, the moderate leadership nominally referred to as ‘The Republican Establishment’ put George W Bush in office, backed him on the disastrous Iraq War (which did more damage to the Republican Party than Nixon), and continually expects the media to do their bidding for them. News Flash! If you’re a moderate establishment Republican, either serving in elected office or as a campaign consultant, people are sick of your crap and your unwillingness to join the fight. If you don’t understand why Trump is doing what he is doing, you’re dead. If people vote as the polls show, Trump is the nominee. If democrats insist on trying to take all the guns, stop people from saying what they think, and allowing ONLY the politically correct to speak, chances Trump will be President improve drastically. Americans might be stupid, but they see through all this political nonsense. They know, this President, this Congress and the Republican Establishment aren’t protecting them and aren’t fixing what’s wrong. Looks like what voters might be saying is, the time for the so called ‘establishment to get on the good foot, or get out, has come. Establishment Republican Moderates should be afraid. Very afraid. Sponsored by Hydrus Performance and Pride of Homes and Luke Team Real Estate.

Podcast 439

World War III. Thanksgiving 2016 is here, and with it a raft of insane stories pulled from the week’s news, all designed to get your crazy uncle Joe absolutely apoplectic at the Thanksgiving Day table. Turkish F-16’s shoot down a Russian Su-24 Bomber and Syrian ‘rebels’ shoot down a rescue chopper with US provided TOW Missiles. Pass the dressing please. As ‘World War III’ trends on twitter, relax and set the table. According to the President, ISIS is ‘contained’ but we’re being warned to watch out for attacks this Thanksgiving on US and Europe and US citizens all over the world. Donald Trump has so frightened the so called ‘establishment wing’ of the Republican Party, they’ve started a ‘guerilla’ advertising campaign against him funded by … wait for it and drum roll please … supporters of Jeb Bush. Will anyone pay any attention to the republicans when they don’t have ‘The Donald’ to kick around anymore? Rimshot! Meanwhile there’s no shortage of nonsense on the democrat side of the fence either, with Hillary Clinton promising tax credits for people taking care of their parents, and Bernie Sanders suggesting, you know, more free stuff, by rounding up all the rich people and taking their money on Monday … when all that is spent by Wednesday, we’ll have to come up with another scapegoat. Are you going to eat those yams? Woodrow Wilson was a racist but since we can’t actually call a progressive a racist, leave Woodrow alone. And Andrew Jackson too. But Trump? It’s alright to call him repugnant and a racist, because he’s a republican, right? More mashed potatoes please. Numbers on the economy have been revised, and its going great, except for the oil glut, the 25 percent increase in your health insurance premiums and a big build up of inventories. Retail numbers are down because no one goes to the mall anymore. Really? To fix it, we need more focused and efficient government spending, cause we haven’t done that, right? How do I get out of here? Sponsored by X Government Trucks and Ryan Plumbing and Heating of Saint Paul

Podcast 431 – Jason Lewis Interview Pt 1

Jason Lewis Interview Part 1. The Bob Davis Podcasts Mobile Command Unit 8 travelled to Lakeville, Minnesota for a live podcast with Second District Republican Congressional Candidate Jason Lewis, and State Senator Dave Thompson. A few of Jason’s early supporters piled into the Mobile Unit for this podcast at the Main Street Cafe in Lakeville, on Halloween 2015. In part 1, we cover Jason’s position on whether to honor the republican endorsement, the political makeup of the 2nd district, funding education, the role of the federal government, transportation, and immigration, to name just a few of the issues. Senator Dave Thompson adds his own thoughts on the US Constitution, state issues like funding the Vikings stadium, education, transportation. Both Jason and Dave talk about spending and taxation, the economy and the future. Lewis is running against at least three other republican candidates for the 2nd District GOP endorsement, to determine which republican defends the 2nd district’s seat against democrat challengers in 2016. Part of the conversation about opponents involves raising money; Where does a candidate get it, and how beholden he or she is to contributors. As a former radio talk show host, Jason Lewis is quick witted and is known for in depth answers to questions, which is unusual in politics these days. Lewis says he has no illusions about his experience in radio, and the name recognition that comes with it, and tells the Bob Davis Podcasts he intends to campaign hard for delegates and votes. Get in on the ground floor of a congressional campaign, live from the Mobile Podcast Command Unit, with the diesel running. Sponsored by Ryan Plumbing and Heating of Saint Paul

Podcast 422

Waking Up. A fall night podcast live from the deck, with wind blowing in the trees, leaves falling, planes landing and weird noises. You hear a lot of talk these days about ‘waking up’. What does it mean? There’s an awful lot about ‘waking up’ on the Internet if you bother to do a search, from Anthony De Mello and other Theologians, to spiritualists, evangelists and regular everyday people. What do they mean by ‘waking up’? Does waking up mean moving from one dream to another? What does it mean to you? With bouncing ball ‘Schadenfreude’ news coverage the rule these days, binge viewing TV Shows (Editor’s Note: I am guilty of this one, and my list of favorite shows is in this podcast.), alcohol, weed, drugs the doctor prescribes and all kinds of other drugs from being too busy, to not being busy enough who is to say what waking up really is? Does it start with observing without action? Being actively silent? Living in the Now? Being religious? What does Yoga teach a podcaster about self awareness? Bottom line, some of us are very stubborn, but waking up is fun, even if its with just one eye open. Sponsored by X Government Trucks and Pride Of Homes

Podcast 420

Bob Davis Unplugged. I’ve always admired talk show hosts who can do a good show without notes, preparation or a plan. Certainly walk and talk podcasts fit that bill, but it helps to walk while you talk. In studio is a different story. There have been some interesting developments in the news this week. Commentators are back to following the proverbial bouncing ball and missing some points that I think need to be made. Regarding the Oregon shooting; When I asked people what was going on in the news they said, “There’s the Trump thing, the Pope thing and oh yeah, another mass shooting.” Of course the President didn’t skip a second rushing out to demand Americans surrender their guns. Why do we have a second amendment? Is there a final check on the dangerous power of government? While we don’t generally think of a government that seems to exist to extract money from our paychecks and mail checks to others, including billionaires like Warren Buffett, there’s immense power in spying and militarized police departments. Then there’s the Communist Pope. The left loves Francis, or at least they did until it was reported that the Pope – who would rather talk about the scourge of Capitalism rather than the scourge of pedophilia in the Catholic Church – met with Kim Davis, the Kentucky County Clerk who refused to marry gay couples. Suddenly the ‘amazing’ Pope Francis was tarred and feathered on social media, to the extent that the Vatican this week back pedaled ‘explaining’ the Pope’s meeting with Davis. Then there are the economic pundits and employment numbers. Almost all of them predicted a ‘great’ employment report this week, especially since low gas prices ‘act like a tax cut by stimulating the economy’, until they don’t. Now, if you have been listening to the Bob Davis Podcasts you have been warned about this shibboleth long ago. Lower gas prices don’t ‘act like a tax cut’. Our economy would have to create over 375,000 jobs a month for a long time in order to bring the millions of people who are out of the work force back in. Sadly 375,000 is a number this country’s economy has not been able to attain since the recession back in 2008, despite all the efforts to ‘stimulate’ and ‘prime the pump’ from a trillion dollar stimulus to ‘cars for clunkers’ and every other cockamamie scheme cooked up by President Obama. Moreover, none of the presidential candidates, on both sides of the political spectrum seem to have a clue about how to grow the US Economy other than more stimulus, or tax cuts but no spending cuts. Have we — as in everyone in the world — forgotten how to be capitalists? Could we feed ourselves without a job or government handout if we had to? Maybe this could be one of the positive effects of a future ‘gig economy’ … with everyone freelancing, we might actually learn to create, not take. Sponsored by Pride of Homes and X Government Trucks.