Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872

Everyone Gets An Award. So What?

These days we live in a world where everyone gets an award for participation. Every now and then reality intrudes on our blissful paradise. We’ll talk about the 3rd quarter GDP numbers and what they mean in Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872.

Ballyhoo and BS

We’ve been the victims of economic ballyhoo at least since 2016. Even more for years since the recession of 2008 we’ve been sold all kinds of snake oil. Green Shoots. The Light At The End Of The Tunnel. Priming The Pump. Economic Boom!

GDP Is The Yardstick

Gross Domestic Product is the yardstick by which we measure the economic performance of the world’s countries. This is especially relevant in the United States, where we will choose a new president and congress in 2020.

How Are We Doing?

Economy is one of the yard sticks by which we determine how our leaders ‘are doing’ at their jobs.

Third Quarter

Therefore when the third quarter GDP numbers came out this week, we now have a third data point on which to judge US economic performance in 2019.

Smoke and Mirrors?

How are we doing? We’ll find out in Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872.

What’s A Boom?

First of all exactly what does an economic ‘boom’ look like and are we really living through one?

What About All The Other Stats?

Second, what about other measurements like employment, government spending, consumer spending and productivity?

Concentrate On Outcomes

I have often described my mission with these podcasts as a quest to concentrate on outcomes and relatively objective analysis of those outcomes.

No Predictions

Above all I avoid predictions. I won’t use superlatives to describe how great or bad things are. I do not want tell listeners what they’re supposed to think or advocate for.

More Questions

In conclusion, these new numbers raise more questions than answers.

In addition, what about inflation, business investment and growth in the future.

Moreover what about intervention by central banks?

I wonder, if there’s an economic boom why do we need so much government spending and interventions to keep it going? What about the enormous spending deficits and public debt?

Meeting Challenges

Finally what are the biggest economic and therefore social challenges ahead. Are we on path to address those challenges?

I don’t hear too much talk about that on the campaign trail, in government and in the media.

Sponsored by John D. Scott Personal Injury Lawyer and Hoffman Hamer and Associates

Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872

 

 

 

Political Dealignment-Culture Shock-Bob-Davis-Podcast-750

I find it harder these days to make sense of politics. We’ll talk about it in Political Dealignment-Culture Shock-Bob-Davis-Podcast-750.

Role Of Podcasting

Moreover it’s time to talk about the unique role of podcasting in sorting out the noise. Especially since our day to day news coverage has become a reality TV drama. A minstrel through the lens of Cable TV News and Social Media.

News Is A Reality Show

What will it be this week? A reveal in court that has to be walked back? A trade deal touted as the greatest thing ever that closer examination turns out to be just ok? An economy that is the ‘best ever‘? Diplomacy and policy discussion conducted via twitter?

Sorting Out The Noise

Especially relevant to me is the role of podcasting in this political realignment. How do podcasters help listeners navigate these times? More opinion disguised as news? Or worse, opinion disguised as ‘truth‘.

Let Politicians Defend Themselves

Most noteworthy is the idea that the ‘little people‘ need media to defend and interpret everything politicians say and do, when those politicians should be able to defend themselves. Find out more in Political Dealignment-Culture Shock-Bob-Davis-Podcast-750.

Tuning Out

Finally I am beginning to get the impression people are turning away and tuning out the noise anyway. Should podcasters rush to cover stories in depth that will be forgotten in twenty four hours?

Mean Discourse

I spent a weekend delving into the last one hundred years of history for Podcast 749. Our country and the world has changed so much over the last century. We have exchanged the industrial revolution for a technical revolution. Technology has made our discourse meaner.

An Invisible America

There is an America where people share their passions and help each other out regardless of their political opinions. That America just isn’t always visible on social media and definitely not visible in news coverage of every breath taken in Washington DC.

Maybe that’s the problem.

Sponsored by Ryan Plumbing and Heating of Saint Paul, Reliafund Payment Processors and John D Scott Personal Injury Lawyer

Political Dealignment-Culture Shock-Bob-Davis-Podcast-750