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

Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833

There Goes Your Tax Cut

How’s the price of gas these days? How’s the price of diesel? We pay nearly 3 dollars a gallon or more at the pump. Especially for diesel. Republicans always talk about lower taxes. Not Trump. The president wants at least a 15 cent per gallon increase in the federal gas tax. Find out why in Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833.

What The Lord Giveth, He Taketh Away

Most noteworthy is the existing 18 cent federal tax on gas and almost 25 cents a gallon for diesel. Even more, most state lawmakers want increases in their state gas taxes.

Drunken Sailors Fighting on The Dance Floor

Sure they take in a lot of money in Washington and the state capitol. In contrast states and the federal government actually spend piles of money. Not to mention your local town or city. For information about that, click here.

Bonding Bonding Bonding

I live in Minnesota. They’re not supposed to, but here politicians throw in bonding packages in just about every legislative session.

You Can’t Get There From Anywhere During ‘Construction Season’

The result? Bonding on bonding. Some projects fully funded, haven’t even been started. Even more, there’s so much construction people are tearing their hair out trying to get to work.

Gas Taxes – Not Just For Highways Anymore

Stadiums. Light Rail. Train Stations. Bus Lanes. Bike Trails. Subsidized bike rentals. Running paths. Signs. Talking Traffic Lights. Roundabouts. Federally compliant intersections and curbs. Sometimes projects finished a couple of years ago are torn up and redone. Notice there are no highways or roads in that list. We still need more money for all those highway projects too. Add Trump’s airports and bridges and it means tax increases. Corporations aren’t going to pay for it.

Five Floors of 1800 Dollar A Month Rentals and a Starbucks On Every Corner

Moreover subsidies for ‘affordable’ housing projects which are really five story condos and 1800 dollar a month rentals with a Starbucks on the ground floor everywhere. Funding for these projects are cobbled together from Federal Transit Authority money.

Thanks Taxpayers!

That is, your money. Learn more in Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833.

Republicans Love Lower Taxes, More Spending and Ballooning Deficits

Finally, as republicans ballyhoo their 2017 tax cut and campaign on lower taxes, they keep spending. In Minnesota they passed a five hundred million dollar bonding bill and a 48 billion dollar budget last week and they think they did a great job. This year the federal budget is 4.4 trillion. That’s a trillion more than Barack Obama’s average. The US Budget Deficit this year will be more than a trillion dollars. Our total debt is estimated at 22 trillion.

Buddy Can You Spare 67 Thousand Dollars?

The raw dollar amounts these governments take in will make you sick. Especially relevant is the fact that every American is on the hook for 67 thousand dollars in federal debt alone, and counting. Because despite the revenue, they keep spending more and more, whether they have a D or an R in front of their name. Sooner or later the piper has to be paid. Spending, whether it comes from tax collections or bonds, always ends up as a tax.

The Man Who Lost Billions Wants You To Pay For … Another New Airport

And here comes the man who built skyscrapers and lost billions doing it, Donald Trump. He wants to put his name on airports, subways and bridges we don’t need, and make us pay for it.

What would Ben Franklin say to the woman about our government today?

“It’s a Hypo-cracy Madam. If you can keep it”.

Why would you want to?

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Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833

Summer Doldrums-Surreal News-Truth-Podcasting In A Dream World-Podcast 726

These days it feels like we’re in the Summer Doldrums though Summer doesn’t start until June 21st. Find out why podcasters struggle with political and social commentary in today’s news flow in Summer Doldrums-Surreal News-Truth-Podcasting In A Dream World-Podcast 726.

Dream World

I call it the ‘News-Flow’. The dream world where stories flip flop almost hourly.

News Story Flip Flops

We’re having a trade war. Then we’re not.┬áNorth Korea is going to make a nuclear deal. News is the deal is off. Now suddenly it’s back. Robert Mueller’s investigation will soon yield explosive results! The FBI planted a mole in the Trump campaign. Roseanne’s new comedy is a hit! Oops. It’s been cancelled. We’ll talk about it in Summer Doldrums-Surreal News-Truth-Podcasting In A Dream World-Podcast 726.

Awash In Commentary and Outrage

Moreover every screaming headline comes with analysis and commentary, predictions and counter commentary from all quarters. They’re only to happy to tell us why everyone else is right or wrong.

Is It Real? Or Is it Social Media?

Especially relevant is the feeling that all of this nonsense is building to a serious crisis. Are we all going crazy? Maybe it’s the Ambien. Or maybe the antidepressants. The full moon anyone?

Journalism or Propaganda?

What’s more advancing story lines is not journalism, it’s propaganda. Do the executives, reporters, producers and presenters understand this? Seems like all they want to do is keep people watching and clicking.

Easier To Talk About Roseanne Than The War In Syria

In conclusion maybe it is easier to talk about Roseanne’s latest fiasco, or how the Press Secretary yelled at a reporter than it is to actually cover the war in Syria. Maybe its cheaper to talk about Hollywood’s latest scandal than it is to explain why gas prices are skyrocketing.

What If?

What if all their story lines are wrong? One podcaster’s thoughts on a moonlit night at the beginning of summer.

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Summer Doldrums-Surreal News-Truth-Dream World-Podcast 726

{powerpress]