Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

Canary In The Coal Mine

Above all was this week’s banking meltdown the canary in the coalmine? We’ll talk about it in Canary-In-The-Coal-Mine-Bob Davis Podcast 1092.

Banks Fail

That is to say the meltdown of at least three banks this week sent shock waves through the financial community.

Screaming Fire

And allowed You Tube financial geeks and politicians the opportunity to scream fire in a crowded auditorium.

Cause For Concern

Certainly bank closures at any time are cause for concern.

Reasons

But there’s a reason for these developments.

Plain Language

Firstly Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is not a podcast with a bunch of statistics and language no one can understand.

Updates

Secondly I am updating some of the podcasts I did earlier this year and last on the US Economy.

Of course my personal concern has been the price of diesel fuel.

Greater Concerns About The Economy

On the other hand greater concerns about the US Economy are beginning to be top of mind.

Most importantly these concerns are not unfounded.

Inflation

To clarify the US is dealing with inflation which requires higher interest rates.

Higher Interest Rates

Subsequently we’re seeing the effects of these higher rates.

Business Not Prepared

Mainly because businesses aren’t prepared for this.

More Carnage Ahead?

As a result there will probably be more carnage.

Finally I am not going to tell listeners what they should do with their money.

In addition I am not going to predict the future.

We’ll see what happens. After that I will do updates as needed.

Won’t Predict The Future

In the same vein one of the subjects of Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is the penchant prognosticators have for predicting the future.

Politicians

And for politicians to politicize financial events they don’t necessarily understand.

History

In conclusion this is a precarious moment in history.

Pressure

Most certainly because of the weight of the moment there’s a lot of pressure on those who have to make the decisions.

Personal Hope

For example my personal hope for cheaper fuel!

Sponsored by Garden Gurus MN

Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

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Podcast 299

Weekend Update! What starts as a weekend update ends up as a romp through the mind of Bob Davis. Oh yeah, this podcast looks at the latest numbers for Clint Eastwood’s winning ‘American Sniper’, and suggests petty Hollywood Envy is perhaps behind much of the snark. The fact that people are getting sub-prime and insanely long auto loans, goosing new car sales and endangering the financial system is a concern of Honda, which says it will not offer 84 month loans, concerned its customers might end up so upside down they won’t be able to buy another car for like, a while. And an Asteroid Fly-By has NASA atwitter since 2004 BL86 (that’s its name) is huge and is coming very close to earth this weekend. Don’t worry, it’s path takes it almost a million miles away from the Earth — well outside the orbit of the moon — but it would be crazy if an asteroid like this one hit the earth, wouldn’t it? Thus begins the listener’s off the rail journey, discussing bad documentaries on Netflix, Nazis and the Final Solution, stories and movies which might include asteroids hitting the earth and turning Minneapolis and Saint Paul into an equatorial (and wonderfully tropical) paradise, aliens living on the moon, or maybe its human beings on the moon ’cause they have a time machine, alien women in spacecraft and more. So. Much. More. Closing it all out, another ice age is on the way since there have been no sun spots and according to scientists, the last time this happened was the 17th century, when people wore ermine collars, and we can’t forget the rich environmentally conscious Davos attendees this weekend, shelling out forty thousand dollars a head to attend this ridiculously useless conference to complain about inequality, and global warming, and rub elbows with Pharrell Williams and Al Gore. Sigh. Get your weekend started right, with the Bob Davis Podcasts. Don’t forget to join Bob Davis this weekend at the SD-61 Chili Dinner AND CONTEST in South Minneapolis, Sunday January 25th. Sponsored by Baklund R&D.

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