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

 

 

 

D-Day’s-75th-WW2-Significance-Bob Davis Podcast 838

Highly Significant

I think World War Two might have been the most significant historic event in more than the last two hundred years. These days people don’t think or talk much about the second world war, but we’re living in the world created by it. Learn more in D-Day’s-75th-WW2-Significance-Bob Davis Podcast 838.

Father’s and Grandfather’s War

Like most kids growing up in the 70’s World War 2 was our father’s war. Our grandfather’s war.

Certainly World War 2 was historic. Almost every American family has stories from that war. Family members who served. Army Air Force, Marines, Army and Navy or Coast Guard. The stories fade a little more every year, as our fathers, grandfathers and great grandfathers, mothers, grandmothers and great grandmothers fade too. Inevitably, the significance of that war gets lost in time.

When Everything Changed

What’s most noteworthy is the structure of the world today is the result of World War 2. Especially relevant to this podcast is this. The world that preceded the start of the war in 1939 is gone. The life Americans knew before the war, was obliterated by it. Learn more in D-Day’s-75th-WW2-Significance-Bob Davis Podcast 838.

Governments Run Amok

When I was growing up we’d go to the army surplus store in Hammond, Indiana. We’d pick through the boots, jackets, and tanker goggles. Whenever we could we watched all the black and white movies. ‘The Longest Day‘, ‘The Sands of Iwo Jima‘, ‘They Were Expendable‘ and many others. Those movies miss or gloss over mistakes governments made that got us into that war.

Gold Star Windows Up and Down the Block

I am old enough to remember the faded gold stars in the windows of the old ladies on the block, who’s sons never came home. Some were from the Korean and Vietnam wars, but many were still there from World War 2. They were the most faded.

How Could They Have Survived Omaha Beach?

In addition I am lucky enough to have been to Normandy, and of course, Omaha Beach. I have two takeaways. That hill is close to the water and very steep, and I wonder how anyone could have survived crawling up under fire the morning of June 6th, 1944.

They Didn’t Talk About It…They Did It

In conclusion we don’t think about the war that changed the world. Forever.

These days there’s a lot of talk about making the world a better place.

Those who fought that war, actually did.

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D-Day’s-75th-WW2-Significance-Bob Davis Podcast 838

 

Time Like No Other-Bob Davis Podcast 826

We’re living through a time like no other. Talking heads constantly compare our time to other times. Does that make sense these days? We’ll talk about it in Time Like No Other-Bob Davis Podcast 826.

Fall Of Rome Anyone?

We’re living through an era ‘like’ the end of the Roman Empire, the foundation of the American Republic, the Civil War, even the 1920’s, say pundits.

Civil War?

Our political divisions are ‘just like‘ those before the Civil War. Is this valid? We’ll talk about it in Time Like No Other-Bob Davis Podcast 826.

World War One On The Menu?

In addition our time is supposedly just like the time before World War One because we face trouble in Eastern Europe and the Middle East and there is a backlash to free trade. Does this make sense?

Trump and Hayes

Hapless political figures are compared to President Trump. Andrew Jackson. James Buchanan. Even Abe Lincoln, Andrew Jackson and Richard Nixon. Rutherford B. Hates and George Wallace. These comparisons are inaccurate. Comparisons suggest an outcome. Also inaccurate.

Ours Is A Unique Era

Finally these comparisons hide the fact that we are living through a unique time. Institutions that have existed for hundreds and even thousands of years appear to be in rapid decline today. At the same time scientific and technological advancements promise even more disruption in the days to come.

Borders, Drones, Social Media As A Weapon and AI

From Border issues to Artificial Intelligence to the rise of Social Media as a weapon. New companies and new products generate unprecedented profits. People seem to be losing faith in their governments. How will we handle these issues?

This Is Not A Movie

Above all comparing our population and technology to ancient and bygone times might make great movies, but bad reality.

In conclusion, we don’t address critical challenges when we look to the past.

By all means let’s learn from history but history isn’t a simple template you can apply to the present time. We’re making it up as we go. Maybe it’s time to accept this really is a new and unique age and act accordingly.

(Editor’s Note: This is a complex podcast. When I do these kinds of podcasts I rush a little to get through necessary details, so I can get to the conclusions. And of course, when rush I can misspeak. The most glaring example in this podcast? I confused President Andrew Jackson with President Andrew Johnson. Seconds before speaking about Jackson, I jumped ahead to the 1860’s when Johnson, not Jackson was impeached.)

Sponsored by John D Scott Personal Injury Lawyer and Reliafund Payment Processors

Time Like No Other-Bob Davis Podcast 826