Nocturnal-Thoughts-Seasonal Changes-Bob Davis Podcast 867

Nocturnal-Thoughts-Seasonal Changes-Bob Davis Podcast 867

Night Owls Unite

I am a night person. Always was and will be. These days though it’s getting ridiculous. Staying up really late for a free wheeling talker in Nocturnal-Thoughts-Seasonal Changes-Bob Davis Podcast 867.

Extreme Night Person Here

Anyone who knows me is well aware of my scheduling extremes. Especially relevant are the changes I go through when the seasons change. Suddenly also Minnesotans are beginning to get scratchy throats and head colds. Here it comes.

Schedule Flip and SAD Light

First of all, sometimes I stay up so late I end up coming back around. This is what I call schedule flip. Then use something called a SAD light to reset my body clock. During this process I am in schedule hell. Staying up late and waking up too early.

Texts From Friends

Second as I am in the midst of this sleep schedule nightmare I am getting texts from friends. “Did you cover the Trump Rally?“, they want to know. So, unfortunately I have to address these questions in Nocturnal-Thoughts-Seasonal Changes-Bob Davis Podcast 867.

Dumpster Fire News

Because if I have learned anything traveling across the country and covering primaries and caucuses it is that the media loves a dumpster fire. Certainly Minneapolis did not disappoint, with dueling enthusiastic supporters of the president and protesters.

Traveling And Reporting

Above all it looks to me like the question, “Is It News?” hasn’t occurred to anyone. Certainly nothing wrong with getting a bunch of people together to collect email data and campaign contributions and to have something to post on social media. That goes for both sides in these cartoon political times.

Real News? Funny, Right?

Meanwhile the real news? Not getting addressed and ‘bubbling under’ when it comes to real coverage. The situation with Turkey and the Kurds. Stories about the Repo markets and federal reserve returning to a form of quantitative easing you would think would be unnecessary, what with the booming economy.

Talk It Out

Consequently it’s time to just talk it out. Kind of a transition between some of my heavily researched recent podcasts.

Summer’s Long Goodbye

As a result it’s a long goodbye to a great summer and the difficult transition to fall in this podcast. And considering my sleep schedule please don’t fact check on this one!

Sponsored by Fitness Together Private Personalized Training and Nutrition and Reliafund Payment Processors

Nocturnal-Thoughts-Seasonal Changes-Bob Davis Podcast 867

Podcast: Play in new window | Download (Duration: 39:30 — 90.4MB) | Embed

Subscribe: Apple Podcasts | RSS

 

 

 

 

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

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

 

Podcast: Play in new window | Download (Duration: 29:17 — 67.0MB) | Embed

Subscribe: Apple Podcasts | RSS

Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Another Trillion Dollars

This week the president’s budget deal adds a trillion dollars to the National Debt. These days it’s depressing when so called conservatives say, “Deficits Don’t Matter“. Learn more in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Trump Republicans Spending and More Debt

Above all, Trump’s spending is on pace with Obama first term red ink.

I’ll Pay Off The Deficit In Eight Years

Moreover campaigning in 2016, Trump said he’d pay off the deficit in just eight years. In those days the deficit was 20 trillion. It’s now almost 23 trillion.

Current Federal Debt Is Unsustainable? Bring It on!

As the president began his second year in office, the General Accounting Office released a report on the national debt. The current Federal Fiscal Situation is unsustainable, it said. More in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Republicans Addition To Debt Peaks In 2030

In fact, the GAO report showed US debt beginning to rise and peak in 2030, long after Trump has left the White House.

American Cities Are Broke Again

Over 70 US cities are in deep financial trouble. New York City is broke. Los Angeles isn’t far behind. Chicago is in a tailspin. I’ll explain it in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

The Amount of Spending And Debt Is Shocking

When it comes to cities, counties and states investigators have to use forensic accounting to find out what’s going on. Even in small towns and counties across the country those investigations are uncovering a shocking amount of spending and debt.

Bonding On Bonding

Even more, states use bonding bills to get around balancing budgets. Therefore creating more debt through bonding.

Corporate Debt Binge

US corporations are on a debt binge too. Corporate debt is skyrocketing. It’s now 45 percent of our GDP. Much higher than during the 2008 crisis and dotcom bubble.

Americans Saved The Economy In The 2nd Quarter With More Debt

In addition Americans are more indebted than they were before 2008. US Household debt is 13.3 trillion in the second quarter. Much of it auto loans. Certainly Americans don’t save enough.

Conservatives Say Don’t Worry

Republicans say debt doesn’t matter and democrats have a new monetary theory. There’s nothing to worry about. Right? The US can “print” as much money as it needs as long as it prints US dollars.

Politicians Handing Out Goodies

Goodies like free college, single payer health, a green new deal, a higher minimum wage and guaranteed full employment are just around the corner. Just simply print money.

[Editor’s Note: In this podcast I used a quote from President Trump saying that he said, “No politician has ever been thrown out of office for not spending money. In fact he is reported to have told Senator McConnell, “No politician has ever lost his job for SPENDING money.”)

Forget Rome, England, Spain, Germany, Venezuela and Zimbabwe.

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

Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Podcast: Play in new window | Download (Duration: 27:08 — 62.1MB) | Embed

Subscribe: Apple Podcasts | RSS