Podcast 271

Gas Oil Collapse. Energy and Oil and Politics. We may be at the beginning of the end of an era in the energy markets, politics and economic policy but people are never going to figure it out with the terrible job the media is doing reporting on these topics. Gas is below two dollars in 13 states, crude trading at 55 dollars a barrel, with more drops expected. Meanwhile, OPEC refuses to cut production, even refuses to hold a meeting to discuss it. The drop in oil over the last few months of 40 percent so far, most of it in the last two months is beginning to have an effect. OPEC’s price war on Frackers in the US, Canada and Brazil, the international version of a gas war, is beginning to have economic and political effects. When the cheerleaders talk about oil ‘acting like a tax cut’, remember there is a lot more to this story. If energy production in the US is a big piece of the manufacturing boom, what happens when lower prices curtails exploration? Will lower oil and gas prices still act like a tax cut? What about disinflation, or outright deflation in commodity prices? What about dropping demand due to economic slow downs in China, Europe, and Latin America? Do you think the US is ‘decoupled’ from the rest of the world’s economies? On Wall Street, the story is completely different. There, investors are moving money from the market to long term Treasury Bonds, an indication of expected weakness? Meanwhile, the Federal Reserve will be hard pressed to raise interest rates (which its wants, and perhaps needs to do) in the face of declining commodity prices. This isn’t just an international problem. A Minnesota State Legislator wants to reduce farm property taxes, due to the decreased revenues farmers are seeing on their crops. As the sun sets on the Democrat Senate Majority, and rises on a huge Republican majority in the US Congress as well as state legislatures and governor’s mansions, we’re also about to enter a new era in politics, or perhaps close an old one. How will the last two years of the Obama administration differ from the previous 6? Despite the President’s progressive rhetoric, does the budget deal indicate will be a little different when it comes to horse trading with Congress? Sponsored by Ryan Plumbing and Heating and Depotstar. 

Podcast: Play in new window | Download (Duration: 32:43 — ) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 266

Rolling Stone’s Debacle. This weekend Rolling Stone Magazine admitted it did not properly fact-check a story about an alleged gang rape on the campus of the University of Virginia. So now we have a clear example of media bias in action and it goes way beyond fact checking. The editors liked the story, so they never pushed the reporter to interview the accused, or confirm the stories of the friends of the woman who claimed she was gang raped at a frat party. So, it took the Washington Post to go down to UVA and run down the particulars in the story. As this was going on, Rolling Stone defended its reporter, and anyone who questioned the woman’s story was pilloried. What did the Washington Post uncover? The discrepancies are so numerous, Rolling Stone had to issue an apology this weekend. ‘Narrative journalism’, combined with bias and shoddy editing is the order of the day in most of today’s news shops. Now the media, UVA, Fraternities, the alleged perpetrators, the victim, not to mention real cases of rape have all been thrown into question as the result of an editor and reporter, and magazine that did not do their job. And what can we say about the media? Charlatans, hustlers, think tank spokespersons, operatives are booked as guests on all the major news shows, round table shout fests, and empty suits abound. An informed populace/electorate is the one necessary ingredient for democracy, and we do not have it. America is being so poorly served by its so called media, its no wonder people cannot reason, don’t know the facts, scream and yell at each other, throw labels onto each other that are meaningless, and are deeply confused about how any process works, because they are uninformed. Who’s fault is it? What can be done about it? Have we reached the stage where the rule of the mob has become a reality? Unfortunately, it sure looks like it. Meanwhile, Mary Landrieu has lost her bid for a fourth term in the US Senate representing Louisiana, giving the GOP one more seat in the Senate, and an historic majority in the House. Wait until after January 7th for the fireworks to start when the 117th Congress is sworn in. The President has acid reflux, as does the rest of the country due to his policies. The media ballyhooed the latest unemployment numbers, but once you look under the hood, they don’t look so good. Surprise! We have yet to produce one month with over 375,000 new jobs, which is what the country needs to fully recover. It never ceases to amaze what the media thinks is ‘good’ versus what is factually needed. Sponsored by Baklund R&D. (Correction: I keep referring to the current congress as “the 116th Congress” in this podcast, and the next as the “117th Congress”. Getting a little ahead of myself; The current Congress is the 113th, and the incoming congress is the 114th.)

Podcast: Play in new window | Download (Duration: 34:39 — ) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 263

Nashville. Live from a hotel room in Music City. White Line Fever. Over eating on Thanksgiving and not enough sleep finally pushes The Bob Davis Podcasts to splurge for a hotel room in the heart of Tennessee, after a speed run through the Blue Ridge Mountains, across the Smokies. (Editor’s Note: We checked with the General Manager and the expenses have been approved.) The next leg of the trip will be north through Southern Illinois. In the meantime, throughout the holiday news stories have been brewing but our minds have been on other concerns; Family. Football. Eating. Sleeping. As we return to the new work week what stories will be making headlines? It was odd to hear protesters shouting, “No Peace, No Justice and no more Black Fridays” this weekend since the Bob Davis Podcasts advocated boycotting Black Friday weeks before the current spate of protests erupted. But not for the same reasons. Expect all sorts of hype from the National Retailers about what a great year it was in spite of the madness. Early estimates indicate lower numbers this year, but don’t expect to hear that. Black Friday has become nothing more than an excuse for publicly traded retailers to hype their stocks before the end of the fourth quarter. As the new congress prepares to be sworn in (one more election; a run off in Louisiana), get ready for the media to really push the ‘Republicans are Obstructionists’ story line, with full cooperation from the White House. Is that how it will be? Expect changes in Democratic Party leadership, and perhaps some changes on the Republican side too. Meanwhile the ‘shakeup’ at the White House turns out to be cosmetic as President Obama dumps Defense Secretary Chuck Hagel, but his inner circle remains untouched as predicted by The Bob Davis Podcasts. With ISIS grabbing headlines (stoning homosexuals and threatening to behead women tend to do that), Russia continues destabilizing the Ukraine. New concerns about Russian pressure of Latvia, Estonia and Finland concern EU leaders. What about that NATO ‘Quick Reaction Force’ announced at the G8 meeting this year? Turns out NATO does not have the equipment or the budget. And you wonder how European countries are able to provide such lavish benefits to their people; They’re not spending it on defense. The United States still stands as the primary defense for Europe, and this could make the Russia Story very big in 2015. New numbers released this weekend say that Minnesota’s voter turn out in the 2014 election cycle hit lows not seen since 1986. And still, Republicans were unable to win state-wide offices. Is it the party? The Candidates? Or the Voters? Finally, another polar vortex dropping temperatures in the Upper Midwest, as The Bob Davis Podcasts makes its way north. Sponsored by Depotstar. [Powerpress]

Podcast: Play in new window | Download (Duration: 32:34 — ) | Embed

Subscribe: Apple Podcasts | RSS