Turning-Point-Eruption-Bob Davis Podcast 1079

Turning-Point-Eruption-Bob Davis Podcast 1079

Are We At A Turning Point About To Erupt

Above all this podcast asks if we are at a turning point on the eve of an economic eruption. Details in Turning-Point-Eruption-Bob Davis Podcast 1079.

Watching Markets

Firstly I have been watching the economy and the markets very closely ever since the rapid increase of fuel prices last year.

Secondly I’ve done a series of podcasts detailing what I have learned about this situation.

Finally I am clear on the causes of the current inflation.

And the solution.

About To Suffer

Even more as the central banks work to smother the current inflation, we’re about to suffer.

Volcanic Social Eruption

That is to say when it goes it could be a volcanic eruption in our society.

Of course people might say I am a pessimist.

I am not.

In fact I believe all of this will eventually be seen as a positive development.

Difficult Road Ahead

However we have to get to through the difficult road ahead first.

Top Of The Roller Coaster

For example imagine yourself at the very top of a roller coaster.

As the coaster heads down there’s a feeling of weightlessness.

And then fear.

Biggest Bubble In History

That is to say today we have what many experts describe as the biggest everything bubble in history.

The More You Know

Certainly I have learned the more you know about these things the less you know.

But what interests me are the potential volcanic effects on our society.

And the melt down.

Round House

In conclusion it’s as though our train as reached the old fashioned round house house having come in on one track.

And being turned to go out in a different direction.

Living Through The Easy Part

In short if you think the past couple of years have been tough think again.

We’ve been living through the easy part of the cycle.

In the same vein now comes the hard part.

Clinging To The Old World

Finally given the situation it’s interesting how people use debt to cling to an old lifestyle.

Ignorance Is Bliss

And how many seem unaware they’re living on top of a volcano.

About to erupt.

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Turning-Point-Eruption-Bob Davis Podcast 1079

 

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Ridiculous-RV-Rig-Prices-Bob Davis Podcast 1078

Ridiculous RV Rig Prices

Most importantly when people are paying fifty percent more for fuel they can’t afford these ridiculous RV and Rig Prices. Details in Ridiculous-RV-Rig-Prices-Bob Davis Podcast 1078.

Paid Shills

Furthermore it’s the paid prognosticators on YouTube doing the RV salesperson’s work by telling people rig prices can’t come down.

Engaging On This Issue

Firstly I got into a little bit of a tiff on Instagram recently because I decided to engage on this price issue.

Prices Cuts

Secondly this podcast explains why price cuts are on the horizon.

And I reference another podcast I did some months ago on economic issues.

Nomad Perspective

Certainly I see things from the nomad perspective.

That is to say we don’t like to spend money.

Some Have More Resources

Certainly some people come to this lifestyle with more resources than others,

In addition others buy an RV to use every now and then.

Sticker Shock Prevails Among All

But even the causal RV person is shocked at what dealers are asking for these rigs.

Rising Interest Rates

Even more there is the issue of rising interest rates and less liquidity in the banking system.

Breaking Point

To clarify most financial people these days say we’re reaching the breaking point on inflation.

Wholesale Prices Plummeting

It’s early yet but as a result wholesale prices for used cars in particular are plummeting.

Dealers Jacking Up Prices

However dealers are jacking up prices to get the most out of the consumer before the whole thing goes south.

And it will.

RV Dealers Playing The Same Game?

One wonders whether RV and Rig sellers are playing the same game.

Finally we nomads usually operate with rigs cobbled together from heavier duty vehicles

Moreover we are often very choosy about creature comforts.

Versatility and Reliability Win The Day

And we’ll often choose versatility and reliability over hardwood floors and double door refrigerators.

Experience Is The Best Teacher

That is due to the fact that experience is the best teacher.

You Don’t Need A Double Door Fridge Out Here

To sum up to the nomad borrowing tens of thousands of dollars to overpay for a shiny new rig is just not an option.

Change Is Coming

Finally the overall economic picture suggests things are about to change.

Deflation

In fact big price reductions on almost everything may be in the picture soon.

Sales People Always Say This Is The Best Time To Buy

However sales people will always tell prospects it’s a great time to buy.

YouTubers Too

Including those prognosticators on You Tube.

Eye Opener

In conclusion always do your own research.

But don’t forget to look at the overall economic picture at the same time.

It’s an eye opener.

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Ridiculous-RV-Rig-Prices-Bob Davis Podcast 1078

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

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

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