Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941

Corona-Recession-Becoming-Depression?

Firstly chances of a happy ending to this pandemic are fading. Learn more in Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941.

Going Against The Optimists

Secondly I know what I have to say goes against the optimists.

Pollyanna

However there’s optimism, then there’s Pollyanna.

Mental Health

Thirdly and most importantly are concerns and questions about our overall mental health.

Giving In To Reopening Pressure

Certainly it’s now clear some states gave in to political pressure to reopen.

Shutting Back Down

As a result we face the specter of shutting back down. One of the reasons I ask whether the Corona Recession Is Becoming A Depression?

Negative Economic Impacts

Above all the big concern is additional negative impacts on the US Economy.

Relief Running Out

Even more unemployment benefits and business relief packages are running out.

The Sheriff Is Here With Your Eviction Notice

Finally as the grace period on evictions ends people are forced to move.

“This Is All Going To End, You’ll See”

This was all supposed to be over by now, right?

Taxpayers Are Broke…So Is The Government

Meanwhile Congress and the White House are negotiating new relief that starts at one trillion dollars. Where is the production and the tax revenue to pay for it?

Enormous Debt To Stop The Panic

More debt, more money printing and more borrowing future growth to stop the bleeding now.

The Boom Was A Dream

In addition the bill for the central bank’s propping up the world economy for at least ten years is coming due. Our economic boom was a dream. Corona is the shock that ended it.

Good Morning Sunshine!

In short it is not a pretty picture.

Optimism Rests On Stock Market and Unemployment Numbers

Similarly you’re going to hear a lot about unemployment numbers, the stock market and so on. But these are not how we measure the economy.

Top Guys Hedging Their Bets

In conclusion top financial people are already hedging their bets. Warning of gathering storm clouds and trouble ahead.

Kanye West, Protests and Karen

The fact that these stories have not seeped into the mainstream is especially relevant. But when you have riots, Kanye West and Karen’s antics at the WalMart to share on social media, who cares about the economy?

Really Hope The Optimists Are Right

To sum up, batten down the hatches America, in about a month we all may wish the eternal optimists were right.

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Corona-Recession-Becoming-Depression?

 

 

 

Podcast 236

At Peace With The News Cycle. When frustration with the news cycle sets in, the Doctor recommends a News Cleanse, and then sparing reintegration of the daily rush of the Video Game we know as the News Cycle. Or Cartoon. Whatever you wish. Once you have gone through this cycle rinse and repeat as necessary. Suddenly we’re either in a news rich environment, or the news has become more interesting, in reality. In any case, in the rush to create fantasy story lines about two big stories these days; Ebola and Election 2014, there are other things going on people are missing. First, we have all been subjected to the proselytizing Vegetarian, or worse; the evangelistic Vegan. A new study reveals that the pale, thin wrested Vegan down at the coop, may have less sperm and sperm that swim slower than meat eaters. So take heart those of you who enjoy tearing the seared flesh from the bones of dead animals, you will have more kids than the Vegans. Still worried about Ebola? Columbia University Scientists have discovered the rats in the public transit tunnels of New York City are teeming with viruses and other infections science didn’t even know existed, and worse, that these may have already been passed on to humans. For those following the 2014 election, a new Politico Poll shows 65 percent of Americans believe the country is ‘out of control’. That’s the good news. If you want to hear the bad news, read the open ended responses as to why Americans say these things. We have met the enemy … and he is us. U2 recently was so excited about their new album they decided to give it away, by forcing it onto millions of iTunes subscribers’ libraries. Frontman Bono says they ‘got a little carried away’ … this may qualify as one of the great understatements of the year. (Editor’s Note: I do not want ten crappy U2 songs showing up with my music, which has been carefully curated over the years, and contains no U2!) HBO has announced it will create its own streaming service ‘like Netflix’ later this year. Hopefully this means we can actually get Showtime and HBO shows as they come out rather than having to wait for them, or spend half on the night with support in order to watch Showtime Anytime. Everyone should read the New Yorker’s interview with Marc Andreessen, the creator of Netscape … years ago. Andreeson’s take on technology and politics is important for people who are trying to get a handle on what’s going on these days. We’re at the very beginning of a revolution that, despite what the naysayers believe, will have equal significance in human history to the industrial revolution. And, it won’t follow a schedule or Republican or Democrat political ‘rules’. In fact this revolution, like all revolutions comes in fits and starts and is from time to time chaotic. Whether it is additive manufacturing, empowering individuals to start their own businesses and transform their lives, or comes in the form of portable hydrogen power generators, or portable fusion reactors, driverless cars, on demand entertainment and information, or dissemination of high quality education and training, autonomous machines and software, robotics or just basic IT, batten down the hatches, but read this interview with Andreessen. And, finally, a recipe. Yes. It involves meat. Sponsored by Baklund R&D

Podcast 215

Back In The Studio. After almost ten days on the road, back in the home studio for this podcast. And what a news weekend it was. The US sends ‘troops’ to Africa to provide logistics support and training in the effort to combat the spread of Ebola. Meanwhile, a movie executive says ‘apocalyptic tentpole movies’ are boring audiences. When you consider people getting their heads chopped off, and a raging epidemic of the world’s most deadly disease, maybe some people actually think we are living in a future-post-apocalyptic-dystopia. What does the media report, and what are the real facts on-the-ground in any of the situations we’re watching in the world today. We have no way of knowing. Do our subconscious minds know the difference between the news, and Game Of Thrones, Walking Dead, or any other end-of-the-world themed venue? More and more the commentariat really is an echo chamber, where pundits and presenters are talking to each other. This was one of the primary reasons for the ‘News Cleanse’, and the ‘Road Trip’. It doesn’t appear that these events – as horrible as they are – have negatively effected the people in the many states I drove through last week. I hate to say it, but life looks like it is pretty good for some pretty normal looking people, despite The Pope saying we’re in a sort of ‘low-grade’ world war three. Are we? What do really know about anything going on these days. The pollsters told us Scotland would break off from the UK. Scotland voted No. Do we make our own luck, or live in fear? Also some quick views on what passes for local TV Broadcast news, how the most quiet Atlantic Hurricane season since the early 90’s has effected cable television news, and the latest scare in the virus world (besides Ebola) EV-D68, now ‘flooding’, ‘mobbing’ and ‘crowding’ ER’s in New York State, where there have been dozens, dozens mind you, of this respiratory virus which is also known as a bad summer cold. It never ends. But…that’s what makes my job fun. Sponsored by Baklund R&D