Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

Summers End Turning Point 2022

Firstly summers end is always a turning point. You might remember this one for a long time. Details in Summers-End-Turning-Point-2022-Bob Davis Podcast 1068.

Not Political

Secondly these are not political podcasts.

Economy

Certainly they have to do with the US and world economies.

However one of the chief mistakes of many analysts is their penchant for attaching economic problems to current political leaders.

Inflation Years In The Making

Most importantly the inflation nomads and people back home are dealing with was years in the making.

Major Slow Down Ahead?

In addition one of the biggest takeaways from this podcast is the increasing possibility for a major slow down and a shift from inflation to deflation.

Recession

For example Germany, China and technically the United States are already in recession.

Feeling The Pinch

And smaller economies and developing economies are also feeling the pinch.

The Cause? Not What You Think

While much has been made of the war in Ukraine or supply issues these are not the root cause of the inflation in the United States.

Gas and Food For Nomads

Above all we nomads feel the pain when it comes to gas and food prices.

Everything For everyone Else

And for the people in the and of bricks and sticks it’s just about everything else.

In Summers-End-Turning-Point-2022-Bob Davis Podcast 1068 I argue that the inflation we’re dealing with has been caused by years of near zero interest rates and something called quantitative easing.

Don’t Bet On A Pivot

In the same vein analysts keep saying the US Federal Reserve will ‘pivot’ soon.

95 Billion Every Month Bought For Years

To clarify Quantitative Easing has taken the form of the central bank buying 95 billion dollars worth of bonds EVERY MONTH.

Now Selling 95 Billion Every Month

More importantly Quantitative Tightening is the central bank selling off 95 billion dollars worth of bonds EVERY MONTH.

Moreover those bonds are ramping up to a full 95 billion EVERY MONTH in September.

That’s a lot of liquidity sucked out of the banking system.

Therefore listeners can see why I say Summers End is a Turning Point.

Meanwhile I emphasize EVERY MONTH here because I did not in Summers-End-Turning-Point-2022-Bob Davis Podcast 1068.

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Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

Nothing-Is-Written-Bob Davis Podcast 1054

Nothing Is Written

Firstly it’s time to talk about hard times and to remember Nothing Is Written. Lear more in Nothing-Is-Written-Bob Davis Podcast 1054.

Travel Opens Your Mind

Secondly I’ve been traveling now for about a year and a half full time.

Experience

Above all I have experienced a great deal as a nomad.

Saving Fuel

Even more these days with high fuel prices putting a damper on travel I have been watching the markets like a hawk.

Fatalistic Talk

Finally I have to say I am seeing and hearing a lot of fatalistic talk these days.

We Interrupt This Travel Vibe For A Special Report

Above all I don’t do very many podcasts now about topics beyond the nomad travel vibe.

But I am called to do this one.

Resignation and Negativity

Specifically and to clarify there seems to be a resignation to negative outcomes when it comes to the future and the world.

Past Is Present and Future

In addition financial prognosticators seem to have a penchant for saying past is present and future.

Or Is It?

Therefore I feel compelled to say I reject these notions.

Nomads Have Much To Teach The Rest Of The World

My experience has been, for example, that the nomad community has a lot to teach the rest of the country, whether they want to or not.

Work Together

That is to say I have seen people put aside differences and backgrounds to work together to solve problems.

Refuse To Quit

And refusing to quit until an issue is resolved.

The Future Is Dark

On the other hand I often hear people speak of our future as inevitably dark.

History Repeating Itself

Even more many of these advisors see the future as a consequence of ‘history repeating itself’…determined by fate.

Determinist

Moreover these determinist theories are spread by the very financial prognosticators people look to for information and direction when it comes to the future.

This Is How We Solve Problems Now?

In short we will never solve problems with this kind of negative and fatalistic approach.

People Power

However individuals and people have enormous power and the agency to solve problems if they can work together.

We’re Writing It

To sum up nothing is written. We’re writing it.

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Nothing-Is-Written-Bob Davis Podcast 1054

 

World-Gone-Crazy-Bob Davis Podcast 1044

A World Gone Crazy

Firstly extraordinary circumstances cause me to break down key issues in a World Gone Crazy. Find out what’s up with me out here in the desert in World-Gone-Crazy-Bob Davis Podcast 1044.

Financial Strain

Secondly someone needs to explain some facts as our financial system faces significant financial strain.

Most importantly this is as close as I’ll ever be to discussing politics.

Causes

However I am limiting myself to talking about what’s causing this financial strain.

No Picnic

Certainly what Americans are experiencing right now is no picnic.

Nomads are no exception.

Options

But we do have some options folks back home may not have.

Mobile

Importantly we’re mobile.

Free Camping

Even more we camp for free.

Fuel Prices Slowing My Roll

On the other hand the high cost of fuel has certainly slowed my roll.

And everyone else out here in the land of the nomad.

Stress Anyone?

Meanwhile a majority of Americans say they are under a great deal of stress right now.

A Mix Of Bad News

To clarify we’ve had a pandemic. Inflation has already made food, fuel and rent more expensive. And throw the Ukraine situation into the mix.

That’s a lot of stress.

But as a the result of hitting the road stress is a little easier for me to manage right now.

What’s Next?

Most importantly what happens next?

Financial Stress

Firstly our financial system is under a lot of stress

Stagflation

Stagflation is a concern.

Inflation

Inflation is ravaging all of us.

Deflation

On the other hand the cure for high prices may eventually be high prices.

No To Higher Prices

Even more I don’t think we can accept prices this high and eventually we will reject them.

Recession Ahead

That is to say eventually high prices effect demand to the point where an economic recession develops.

Certainly some economists think we’re nearing that point.

Weird Tension In The World

Above all with the situation in the Ukraine and Eastern Europe getting more tense by the day I feel like we have to take certain steps to protect ourselves. Details in World-Gone-Crazy-Bob Davis Podcast 1044.

Not Easy

Finally these aren’t easy times.

Take A Break

So give yourself a break every now and then.

To sum up I don’t like talking about these things.

Living Life Through My Podcasts

But I live as much as my life as possible through these podcasts.

And this is what I am living through right now.

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World-Gone-Crazy-Bob Davis Podcast 1044