Podcast 243

Halloween 1. The first of two podcasts for Halloween, 2014. Some developing stories catching Bob Davis’ interest as the media zeroes in on Election 2014 coverage. Now we’re scolding people for the Halloween costumes they’re wearing. Admittedly, most of today’s adults have never grown up and thus feel compelled to wear costumes for any and all occasions, whenever there is an opportunity. Yet now, the scolds are telling people Ebola Hazmat suits are ‘in bad taste’, those dressing up as ISIS terrorists ‘could be shot by police if ISIS terrorists were to dress up as ISIS terrorists’ (Editor’s Note: That one is really a stretch, but I did not make it up.) and Halloween displays with ‘severed heads’ are also in bad taste. Not to mention the criticism of young women’s increasingly sexy costumes as inappropriate, which if you are a single male is decidedly NOT inappropriate, but anyway. Hey people! It’s Halloween. It’s an offensive ‘holiday’ anyway. Can we give it a rest for 24 hours, and let people have some fun before they die of Ebola, or in a terror attack …or not? Meanwhile in the real world, the Centers For Disease Control has subtly let America know that Ebola can be transmitted through ‘water droplets’, which means yes, sneezing and coughing by an infected person could potentially infect someone else, and there would be no touching or ‘direct contact with bodily fluids’. Maybe this is why the US Military is quarantining personnel coming back from Ebola stricken areas in West Africa, for 21 days, no exceptions. A doctor in the Minneapolis and Saint Paul area writes in the Minneapolis Tribune this week, that in his experience symptoms are often difficult for doctors to connect with diseases, and people can be symptomatic before they have fevers, and not know it. Tom Combs also says there isn’t enough data yet to conclusively say that a quarantine isn’t just safe, and smart policy. He also says, people need to understand Quarantine is not punishment, nor incarceration. Quarantine is a way contain a disease and prevent its spread. Meanwhile, states are getting out in front of our intellectual-and-reluctant-to-act President. Louisiana sent letters to attendees to a topical disease forum in New Orleans, disinviting those who had been in West Africa in the last week, citing the need to protect the citizens of Louisiana. Hey! Some good economic news came out just in time for the election! How about that? 3.5 percent GDP growth in the 3rd Quarter. Most of it in the Government and Energy Sector. Oddly enough, Goldman now says that the US has dethroned OPEC and is now the New Oil Order. Falling prices for Gas is good, but this is not so good for investors in oil stocks, or countries that rely on oil revenues. (Editors Note: Take that suckers!) By the way … where’s your old crazy ‘peak oil’ uncle these days? The richest man in the world, Carlos Slim says 60 is the new 40, you shouldn’t retire and that soon people will work only 3 days a week. Machines work work 24/7, we’ll work 11 hour shifts and have more time for retraining and leisure. Finally, when was the last time you took a vacation? Why 5 weeks of vacation may soon become mandatory, and common. Sponsored by Depotstar.

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Podcast 238

Economic Doom. Inflation, Deflation, Disinflation. Is the economy booming, or crashing? In the fantasy world created by the media, there are only winners or losers. The reality is somewhere in between. What is inflation, deflation and disinflation? Do we have inflation in the United States, or not? Despite the Federal Reserve pumping trillions into the banking system in America, we’ve seen only slow growth at best; Not enough growth to bring out self-mothballed workers from the ranks of those who have given up looking for work. Yet, we are told the US is reaching ‘full employment’, and that the economy is ‘roaring’ back. With only 76 percent of our industrial capacity utilized, a significant amount of that capacity in the oil, and mining sectors, the concern is disinflation, and perhaps deflation. In the Euro Zone, the ECB is worried about Deflation. In China they’re worried about a slow down. In Japan, huge inflows of cash from the central bank and government has produced mixed results. Yet, with a new set of economic numbers this month, economists, reporters and political cheerleaders are saying the US economy is ‘set to grow’ and we’re back to the Rosy Scenario. When things don’t pan out as they predict, it will be ‘unexpected’ or ‘surprising’. Reporting like this is devoid of context, and grossly misinforms the public, leaving them confused and angry when they can’t get a higher paying, better job. For instance, the much vaunted consumer is constantly told he accounts for 70 percent of the US Economy. Not true. We are being told new housing construction is up. In fact its apartment houses. We’re told the housing market is back, but a closer look reveals many cash buyers who are buying homes to rent out. A recent drop in housing sales is attributed to cash buyers pulling out of the market because homes are ‘too expensive for cash buyers’. Inflation and Deflation have both been associated with stagnant growth in various countries, sometimes disaster. We’re told ‘cheaper gas’ gives consumers the where-with-all to spend, and yet gasoline has only been somewhat less expensive for about a month. (Editors Note: Yeah gas is cheaper, but I’m not taking the money I’ve ‘saved’ on a shopping spree.) With Europe and China and other parts of the world in a seeming synchronized slow down, oil and commodities dropping, the markets moving and up and down wildly, suddenly some are alarmed and concerned. Is it possible that years of government borrowing and spending, and central bank intervention in markets have added so much malinvestment, the chickens are finally coming home to roost? Why do governments and big debtors love in inflation, and fear deflation? The takeaway is, it’s time to start thinking about what we expect these sclerotic and expensive governments to actually do, and start demanding they operate with as little debt as possible, and that our money be based on something stable like, uh…Gold or Silver. The reason? When governments can print their way out of debt, citizens actually pay the cost in higher taxes and inflation. Sponsored by Depotstar.

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Podcast 232

Obama and Ebola. As another health worker is reported to have contracted the Ebola virus, the President cancels a fundraiser to hold an emergency meeting with his ‘Ebola Team’ to make sure ‘it doesn’t happen again’. The meeting raises yet more questions, even as it raises the stakes for an embattled President. As predicted weeks ago by The Bob Davis Podcasts, Ebola now dominates news coverage, in the fantasy 24/7 news cycle. And, in the Magic Kingdom of the News Media, whatever steps taken to combat problems like Ebola, the feeble economic recovery, or a threat like ISIS just have to work…unless they don’t. Still, questions not answered continue to multiply. Why did Amber Vinson – the third person with Ebola in the US and second health worker to contract the disease at the hospital in Dallas – get on a plane and fly to Cleveland, from Dallas, and back … with all the stops in between. That seems like a lot of ‘contact tracking’ for the ‘experts’ at the CDC to do. Are charges about containment procedures being ignored at the Dallas hospital true, and if so, does that mean we should be monitoring more than a little over a hundred people from there? What does ‘self monitoring’ mean? And, why was a person who was supposedly being monitored flying around the country? Moreover, experts keep saying we don’t have enough data to know if the Ebola Virus can be spread more easily than what ‘experts’ say, or whether it could mutate into a form more easily transmitted. Finally, if this is what happens when one terminal Ebola patient shows up at a hospital, what happens when 3 show up? What about 10? What about 100. How many ‘SWAT Teams’ of ‘pros from Dovwer’ does the CDC have? To add insult to injury, if you’re concerned about the response to Ebola infection in the US (such as refusing a travel ban for people coming from West Africa, which Columbia and the tiny Caribbean Island of Saint Lucia’s have done) you’re panicking? Then there are the markets, dropping because of concern about economic slow downs in Europe and China. Oh yeah, let’s not forget ISIS which is not cooperating with Obama’s strategy to ‘degrade and destroy’ them. If this really is the Democrats ‘October Surprise’ its not working well. As polls show more momentum with Republicans on the issues those surveyed care most about, it suggests voters that decide who to vote for at the last minute could pick Republican candidates. The only bright spot is cheaper gasoline, as Saudi Arabia pumps like crazy, hoping to force American oil companies to slow or stop production, which is reportedly not profitable below about 90 dollars a barrel. Just a word of caution; A drop in the price of commodities is really not a good sign when every major central bank in the world is pumping cash into the banking systems. Will these problems go away? Or cascade into catastrophe? Only time will tell. Sponsored by Baklund Research and Development.

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