Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

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

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Summer Doldrums-Surreal News-Truth-Podcasting In A Dream World-Podcast 726

These days it feels like we’re in the Summer Doldrums though Summer doesn’t start until June 21st. Find out why podcasters struggle with political and social commentary in today’s news flow in Summer Doldrums-Surreal News-Truth-Podcasting In A Dream World-Podcast 726.

Dream World

I call it the ‘News-Flow’. The dream world where stories flip flop almost hourly.

News Story Flip Flops

We’re having a trade war. Then we’re not. North Korea is going to make a nuclear deal. News is the deal is off. Now suddenly it’s back. Robert Mueller’s investigation will soon yield explosive results! The FBI planted a mole in the Trump campaign. Roseanne’s new comedy is a hit! Oops. It’s been cancelled. We’ll talk about it in Summer Doldrums-Surreal News-Truth-Podcasting In A Dream World-Podcast 726.

Awash In Commentary and Outrage

Moreover every screaming headline comes with analysis and commentary, predictions and counter commentary from all quarters. They’re only to happy to tell us why everyone else is right or wrong.

Is It Real? Or Is it Social Media?

Especially relevant is the feeling that all of this nonsense is building to a serious crisis. Are we all going crazy? Maybe it’s the Ambien. Or maybe the antidepressants. The full moon anyone?

Journalism or Propaganda?

What’s more advancing story lines is not journalism, it’s propaganda. Do the executives, reporters, producers and presenters understand this? Seems like all they want to do is keep people watching and clicking.

Easier To Talk About Roseanne Than The War In Syria

In conclusion maybe it is easier to talk about Roseanne’s latest fiasco, or how the Press Secretary yelled at a reporter than it is to actually cover the war in Syria. Maybe its cheaper to talk about Hollywood’s latest scandal than it is to explain why gas prices are skyrocketing.

What If?

What if all their story lines are wrong? One podcaster’s thoughts on a moonlit night at the beginning of summer.

Sponsored by Water Butler Water Purification Systems

Summer Doldrums-Surreal News-Truth-Dream World-Podcast 726

{powerpress]

Podcast 358

Back In The Bunker. Another special announcement concerning more distribution of the The Bob Davis Podcasts. Plus, a discussion of what it’s like to be back in the studio after weeks on the road in the Mobile Podcast Command Unit. This weekend – in podcast time – is Earth Day, 2015. It is, essentially, a secular, if not pagan Easter; a celebration of mother earth and spring, with political overtones. In truth, environmentalism has become a religion for some. Some environmental policy is good, and some — most of it — has been not so good. We start with California’s water problem, which could be solved with desalinization, but the state is spending billions more on a bullet train to nowhere. Desalinization actually costs less than the bullet train. Meanwhile Californians are talking about billions of gallons of fresh water poured into San Francisco Bay to save the Smelt Fish. Federal and State Governments in the US offer thousands of dollars in subsidies and tax credits if consumers buy electric cars. When gas was more expensive some calculated it would take five years to make up the difference in costs for a gas versus electric car. Now that gas prices have plunged it will take even longer. What are consumers doing? They are trading their electric cars in on SUV’s at the highest rate in years. Despite the prediction of the President that there would be millions of electric cars on the road by the end of his presidency. Continuing along the lines of government engineering. We’ve been seeing a lot of policy devoted to subsidized growth in major cities to create ‘Hipster Havens’ where the ‘creative class’ will collaborate and create thousands of new jobs. Suddenly though, not only are millennials starting to move into first ring suburbs, but exurbs are starting to grow again as well. Pretty hard to raise your baby in Hipster Heaven. This podcast also includes a list of 13 predictions, on Earth Day, that sounded really ominous in 1970, but which ended up being hopelessly wrong, as a reminder that just because ‘scientists agree’ doesn’t always mean you can take it to the bank. Do you think buying food at the farmer’s market — another feature of every Hipster Heaven — helps the environment. A new study says maybe not. Find out why. Finally, the media has discovered that the economy just isn’t growing fast enough. Where is the consumer? If the media isn’t spreading disinformation in its quest to focus on personalities and not issues for the presidential cycle of 2016 (which hasn’t even started yet) it’s spreading disinformation about the ‘growing’, ‘booming’ and ‘recovering’ economy. It’s just that the rosy scenario story line isn’t materializing. What might people think about the economy as an issue, heading into 2016. Will there be an economic crisis, and how will that impact the presidential race? Sponsored by Baklund R&D