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 553-AgoraFest’s Nik Ludwig

Podcast 553-AgoraFest’s Nik Ludwig. ‘Agorism’ or being an ‘Agorist’ has been defined a few different ways. Samuel Edward Konkin III says Agorism is simply “thought and action consistent with freedom’. Konkin also says Agorism is an “ideology…but it is also a scientific and definitely materialist way of thinking”, as opposed to say, a religious system of thought. AgoraFest celebrates Market Anarchy. It is not for the faint of heart, but if you have a weekend and you enjoy camping, listening to music, eating, consuming your choice of beverage be it coffee or beer, and endless substantive conversation, then you’ll enjoy AgoraFest. At last year’s AgoraFest – my first – I sat down with founder Nik Ludwig for a free wheeling conversation about the event and Agorist ‘way of thinking’. This year I continue the tradition. For last year’s conversation, check out ¬†Podcast 416. This year we delve a little deeper into the concept of what real liberty is, with little reverence to the things mainstream ‘liberty’ advocates hold dear, like the US Constitution, American Exceptionalism, and a system of government sometimes reverently referred to as a ‘Representative Republic’. Joined by a phalanx of ‘AgoraFesters’, Nik shreds virtually all the preconceived notions of what most people on the right, even and especially the far right, think they are fighting for, and yes, even the Libertarians take their share of criticism. This is why AgoraFest isn’t for the faint of heart. Agorists don’t shred these notions because they’re advocating for their point of view. In fact, they’re more likely to disagree with you just because you agree with them (my kind of people, by the way). The whole point is open minds, the joy of discussions about any topic under the sun as long as it isn’t what they call ‘political violence’; the same old crap you hear on CNN and Fox News about the two party’s mainline candidates this year. You’re likely to sit down to breakfast and before you’ve had your coffee someone will ask you whether you think it is possible for a person to legally sell themselves into slavery, and in the next breath start talking about longevity drugs or fusion reaction. I can tell you one thing; Not one person brought up the Vikings, the Republican Party, whether they’d pulled the dock in yet for winter, or when the deer hunting trip is scheduled for this fall. Everyone was full on engaged in substance; even the question of whether Angelina Jolie was more beautiful than Jennifer Anniston, because value is subjective. So next year I’d love to see you at AgoraFest. Thanks to Nick and Steve and everyone else for making it a great weekend. Sponsored by Hydrus Performance.