Recession-Warning-Media-Confusion-Bob Davis Podcast 855

What Is All This Talk About Recession

These days it’s hard to tell who to believe. In many ways it’s the best economy ever. The best time to look for a job. An unprecedented economic boom. Why is everyone suddenly talking about a recession. Learn more in Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Not Making Predictions

First of all I am not here to tell you the economy is in the tank, or that it is booming.

Recession! Depression! Do I have Your Attention Now?

Truth is if you put the words recession, bust, or depression in an article you’re going to get people’s attention. In addition it doesn’t hurt to have a couple of historic drops in the stock market.

Now that I have your attention…Listen to Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Market Drops and Yield Curves Mean New Media Story Lines

It doesn’t matter if the markets recover from those drops.

What matters is now the media has a story line that predicts doom and destruction.

Fool’s Errand

Especially relevant is a lesson I learned a long time ago. It doesn’t matter how well informed a commentator might be. Making predictions about a force of nature like the world’s largest economy, is a fool’s errand.

Shallow Expansion, Debt and Slowing Growth

Even more, it is true our economy is growing and we are enjoying the longest economic expansion in memory. It’s also true it’s a shallow expansion and that growth just above the inflation line, isn’t really booming. Moreover, the expansion is getting pretty long in the tooth, as the say.

There Is A Season

In contrast like the seasons, economies operate on a cycle. Truth is anyone who predicts a recession will ultimately be right. Just like fall into winter recessions have a purpose. Economic contractions kill off the weak plants and animals and insects so the strong and grow again in the spring.

So when the yield curve inverts and the market drops it is certainly worth paying attention.

Seems like we’re missing something though. While the politicians and talking heads trade insults about who’s predictions are right, what are we thinking about?

Election Year Economics

In conclusion what plans to we the people have for the future economy of the United States. I sat down to do a podcast on the yield curve, claims about unemployment and recession predictions. I ended up with an essay on the pitfalls of talking economy in an election year, the ballyhoo on the current economy when the real questions aren’t even being asked. Let alone answered.

It’s 1950 In America…Coal Mines and Manufacturing, right?

Where are we going? What are we trying to accomplish? What kind of economy do we expect in the future. Is it really manufacturing jobs in Ohio and Coal Mines in West Virginia?

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

Recession-Warning-Media-Confusion-Bob Davis Podcast 855

 

United States-Emergency-Spectacle-Bob Davis Podcast 807

I am so sick of the media speculating on what’s ‘about’ to happen and predicting the future these days. So when something actually happens it’s worth talking about. Learn more in United States-Emergency-Spectacle-Bob Davis Podcast 807.

Trump Loves Bombshells and So Does The Media

Moreover when it’s a bombshell that triggers uproar from all sides of the so called political spectrum, it’s news.

All About Trump

The president has been talking about declaring an emergency for weeks. In addition there have been rumors his unhappiness with a legislative compromise that netted only about one fifth of what he wanted for his ‘big beautiful wall’ on the southern US border. It’s been a spectacle. It’s about to become a most noteworthy example of a political dumpster fire.

Can He Really Do That?

Especially relevant is the question of whether the president can actually declare an emergency to build a border wall. Obviously the Administration thinks so. There are currently thirty states of emergency already declared by presidents going back to Jimmy Carter. This will be number 31. We’ll talk about in United States-Emergency-Spectacle-Bob Davis Podcast 807.

All About The Approval Rating

There will be court challenges and lots of and lots of news coverage. Here’s the thing. Immigration and the border wall is a good issue for the president. Already some polls have his approval rating over fifty percent. As to whether a wall will actually work? I guess that remains to be seen.

Big Spending Big Government Republicans

Lost in the shuffle is a new budget bill that substantially increases federal spending. With the national debt at 22 trillion and more than 100 percent of the nation’s GDP you could call Trump President Donald Baines Nixon. With this spending bill you could call him Donald Barack Trump. (Editor’s Note: I refer to the debt of the US as the Budget Deficit which is probably somewhere around half a trillion. The 22 trillion dollar figure is in actuality the total debt of the US, currently at about 105 percent of the country’s GDP).

So Long Suckas

Suddenly the guy many republicans thought was ‘conservative’ is taking fire from the right as well as the left.

Sponsored by Whitetail Builders and Ryan Plumbing And Heating Of Saint Paul

United States-Emergency-Spectacle-Bob Davis Podcast 807

 

 

 

 

State Of Our End Times-Bob Davis Podcast 804

An embattled governor. Infighting in Washington. Raging arguments about identity. It sure looks to me like the wheels are coming off the bus these days. Learn more in State Of Our End Times-Bob Davis Podcast 804.

Politicians Off The Rail

As our so called public officials go off the rails our expectations that ‘government’ will solve all our problems increase.

Over Hype and Talked To Death

It’s especially relevant that the media breathlessly awaits a formality called The State Of The Union, like it’s the SuperBowl. Everything is Over hyped. Over analyzed. Talked to death. It’s surreal.

“Officials” Running Amok

Moreover as these politicians run amok they get more petty every day. As a result we’re not dealing with the most pressing issues of our time. A rising China. Artificial Intelligence, Robotics, Data Privacy and The Internet. Causes, solutions and political effects of Economic Inequality. Existential threats from many different places.

What About Doing Some Work. Anyone?

In addition, what about trade wars, economic growth, debt, immigration and the growth of regional and major powers acting in our hemisphere. Anyone?

Daily Two Minutes Of Hate

Finally our daily two minutes hate leads our focus on smaller and smaller things. Leaders don’t lead. Everything becomes an illusion. Meanwhile somewhere someone or something is permanently damaged.

Emotional Scarring

In conclusion have we become so scarred from our anger and frustration we find it more difficult to act? Anger and Irritation turns to depression.

End Times Prophecy?

Are we living out a prophecy? What happens when there is a real crisis because of all this folly?

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

State Of Our End Times-Bob Davis Podcast 804

[powerpress[