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

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