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

 

Unity Confidence Game-American Tribes-Bob Davis Podcast 772

Tensions are high these days. People fear violence. The media sells a coming Civil War. Now we’re hearing calls for ‘Unity’. Is it a con? Learn more in Unity Confidence Game-American Tribes-Bob Davis Podcast 772.

Now We’re Tribes

A popular word these days is ‘tribal‘. People who think a certain way are a ‘tribe’. I thought we were all Americans. One tribe. Apparently not.

We’re Supposed To Disagree

Aren’t we supposed to disagree? Moreover we have a system designed to use disagreement to find the best path forward.

Is Unity Tyranny?

In this freewheeling talker, I suggest unity implies we all have to agree. Especially relevant is the problem pushing for ‘unity’ creates. You have to agree with me. I have to agree with you. Those who disagree or say things ‘we’ don’t agree with should be ‘sent away’. Listen to Unity Confidence Game-American Tribes-Bob Davis Podcast 772.

Emotionally Charged Environment

In addition media goes for the emotional hook. Because we’re in an emotionally charged environment, there’s no context. Even more, trends of thought or story lines pass for ‘news’. Large swaths of the population get their information without history or context from social media.

False Choice

Most noteworthy in a world fueled by feelings, talking heads tell us we have to choose “between war and peace”. Civil war or Civil peace. Certainly this is a false choice and a very dangerous suggestion. More in Unity Confidence Game-American Tribes-Bob Davis Podcast 772.

Celebrate Factionalism

Finally factionalism is a natural human tendency. That’s ok. Social systems designed to weed out factions are tyrannies. If we both agree, one of us is unnecessary.

Read History Gain Perspective

In conclusion beware of all this unity talk. If we can’t disagree and talk about problems, we can’t solve them. Celebrate differences. Read history. Consequently gain perspective.

Freedom Isn’t Easy

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Unity Confidence Game-American Tribes-Bob Davis Podcast 772

Brett Kavanaugh-New McCarthyism-Cesspool-Podcast 760

These days lurid talk about the show trial and the cesspool in Washington DC are apparently unavoidable. Most noteworthy is the latest example of new McCarthyism. What’s it all about? The Midterms. Find out why in Brett Kavanaugh-New McCarthyism-Cesspool-Podcast 760.

Spinning Out Of Control

It feels to me like our government is spinning out of control. Especially relevant is the latest installment. A down in the dirt, mudslinging fight over a supreme court nominee.

Maybe The Conspiracy Guys Are Right

Moreover it sure feels like a massive manipulation. Makes me wonder whether all the conspiracy You Tubers right after all. Leaves me feeling disgusted and dirty. Learn more in Brett Kavanaugh-New McCarthyism-Cesspool-Podcast 760.

Tail Gunner Joe

In the 1950’s it was McCarthyism and the Red Scare. All about communists. Fueled by fear of nuclear war and a takeover of the US by soviet agents. The Senate Committee on Un American Affairs poured gasoline on a fire of fear.

Destroying Lives and Livelihoods

Soviet spies did penetrate the US Atomic Bomb Program at Los Alamos. However McCarthy made it sound like enemies lurked in the shadows everywhere. It got out of hand. Livelihoods and lives were destroyed in his quest for center stage.

Men Live In Fear

Fast forward sixty years. We’re back at it. This time the #metoo movement is the delivery system. A movement that had a chance to help women in the workplace is now a weapon in the hands of politicians. Dim memories now lurk in the shadows. Men now live in fear. Prosecution without due process. Sentence without regard to anything but party loyalty. It’s getting out of hand.

They Were Told Hillary Would Win And They Believed It

This time it’s a simple case of the democratic party being unable to accept Trump’s presidential victory. They actually believed the media when it said polls showed Hillary would win. Except that’s not what the polls said.

In all fairness though, republicans have certainly had their fun with the sexual activities of high officials. Republicans have had their own issues being unable to accept election results.

In conclusion we’re going to have to go through this nonsense now that charges have been made so we can get to the bottom of it. That means new ‘facts’, new people ‘coming forward’ and more ugliness. Maybe they’re true and maybe they’re not. I can’t know and neither can anyone else, until the facts are determined.

Meanwhile the country is drowning in a sea of debt and spending. All the ‘fourth estate’ can do is talk about penises and parties, and fiddle while Rome burns.

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

Brett Kavanaugh-New McCarthyism-Cesspool-Podcast 760