Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

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

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Bonnie-Clyde-1930s-America-Bob Davis Podcast 830

Nothing Sweeter Than The 1930’s

If you study history you know we all have our favorite periods. These days I turn more and more to 1930’s America. Specifically the story of Bonnie and Clyde. Learn more in Bonnie-Clyde-1930s-America-Bob Davis Podcast 830.

Highwaymen

There’s a new movie on Netflix called ‘Highwaymen‘. The movie details the search for Bonnie and Clyde and their inevitable end and stars Kevin Costner and Woody Harrelson. I like this movie because it does a better job telling more of the real story, than other efforts.

The Ford V8

Especially relevant to the story is the automobile and the then new national highway system. For Clyde Barrow there was no equal to the then brand new Ford V-8. This was Barrow’s number one choice to steal. Bonnie Parker died with a map of the old national highway system on her lap.

National Highway System

Most noteworthy Barrow was famous for covering as much as a thousand miles in one day in one of his stolen Ford V-8’s. The duo sped across New Mexico, Texas, Oklahoma, Arkansas, Florida, Louisiana, Indiana, Illinois, Michigan, Iowa, Missouri, Minnesota and Kansas on those brand new blacktopped two lane interstate highways, and many a dirt road or field during their crime sprees.

Depression and Crime

The height of the depression in the early 1930’s comes down to us in faded black and white photos, and speed graphic newspaper photos taken in tourist camps, abandoned farms and failed banks. Yet the people then, experienced it in color. Find out why this era fascinates me in Bonnie-Clyde-1930s-America-Bob Davis Podcast 830.

Criminal Minds

Finally there is this question of criminal behavior. Bonnie and Clyde have a special place in 1930’s history. To a certain degree their story line is a lie. Foolish young people pushed into a life of crime by life circumstances? Or criminals that terrorized local communities across the rural Midwest?

Mystery and Legend

In conclusion Highwaymen, three books I read before for a podcast I did about the mystery and legend of Texas Ranger Frank Hamer. Those links are here. I did these podcasts because so many inaccuracies and lies have become part of Bonnie and Clyde lore.

Sponsored by Ryan Plumbing and Heating Of Saint Paul

Bonnie-Clyde-1930s-America-Bob Davis Podcast 830

Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

First of all they say an eclipse brings change. Do you think we need change or have we had enough? Learn more in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

Shouting Across the Aisle

These days all you hear about is the latest insult. What one is doing to the other. What the other said about the one. Meanwhile there are lessons to be learned from the longest ‘government shut down in history’, even if it is over by the time you listen to this podcast.

Feds Furloughed. What About The Rest Of The Country?

As federal workers head into their second pay period with no paycheck, certainly they have concerns about the future. What about the rest of the country?

US Federal Government. Too Big To Fail?

In contrast to the furloughed feds, the rest of us are learning just how important the federal government is to the overall US Economy. In my state the federal government is one of the top five employers. The same is true to varying degrees in most other states. Find out more in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

Fruits Of Government Not Labor

Consequently all the talking heads seem to be focused on the fruits of the government, and what happens when those fruits are taken away.

While the rest of the world bemoans the state of the federal employee, what about the impact of government spending? It’s all in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

New Theory Spend, Borrow, Print

A new modern monetary theory everyone in Washington is taking about says it doesn’t matter how much we borrow and spend. Or tax. All we have to do is print more money. There’s no sunset to the wonderful things we can do for Americans and the rest of the world. Rome had the same idea.

We’re All Globalists Now

Furthermore younger demographics don’t have a problem with the supreme sovereignty of the state or spending. And there is a fair amount of support in younger demographics for globalism, despite Brexit and the Yellow Vest Protests.

Republicans want to borrow for things they want, and so do democrats!

Spending and Borrowing? Both Political Parties Are Bankrupt

When it comes to spending it doesn’t matter whether there is a R or a D in front of a name. For example, what’s the argument against borrow and spend when you spend and borrow?

Pass Me The Soma!

Finally one thing about an eclipse. We get to see just how fast things are moving. As the soma from our biggest satellite faded from the sky recently, one wonders how long it will be before the benefits of individual sovereignty and freedom fade also.

Out With The Old…

In conclusion, isn’t that what an eclipse is all about? Out with the old…In with the new. ( Editor’s Note: That fantastic picture of the blood moon Sunday, January 21st was taken by Mitch Rossow, of Mitch Rossow Photography, from his roof in Uptown Minneapolis.)

Sponsored by John D Scott Personal Injury Lawyer and Reliafund Payment Processors

Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797