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Ridiculous-RV-Rig-Prices-Bob Davis Podcast 1078

Ridiculous RV Rig Prices

Most importantly when people are paying fifty percent more for fuel they can’t afford these ridiculous RV and Rig Prices. Details in Ridiculous-RV-Rig-Prices-Bob Davis Podcast 1078.

Paid Shills

Furthermore it’s the paid prognosticators on YouTube doing the RV salesperson’s work by telling people rig prices can’t come down.

Engaging On This Issue

Firstly I got into a little bit of a tiff on Instagram recently because I decided to engage on this price issue.

Prices Cuts

Secondly this podcast explains why price cuts are on the horizon.

And I reference another podcast I did some months ago on economic issues.

Nomad Perspective

Certainly I see things from the nomad perspective.

That is to say we don’t like to spend money.

Some Have More Resources

Certainly some people come to this lifestyle with more resources than others,

In addition others buy an RV to use every now and then.

Sticker Shock Prevails Among All

But even the causal RV person is shocked at what dealers are asking for these rigs.

Rising Interest Rates

Even more there is the issue of rising interest rates and less liquidity in the banking system.

Breaking Point

To clarify most financial people these days say we’re reaching the breaking point on inflation.

Wholesale Prices Plummeting

It’s early yet but as a result wholesale prices for used cars in particular are plummeting.

Dealers Jacking Up Prices

However dealers are jacking up prices to get the most out of the consumer before the whole thing goes south.

And it will.

RV Dealers Playing The Same Game?

One wonders whether RV and Rig sellers are playing the same game.

Finally we nomads usually operate with rigs cobbled together from heavier duty vehicles

Moreover we are often very choosy about creature comforts.

Versatility and Reliability Win The Day

And we’ll often choose versatility and reliability over hardwood floors and double door refrigerators.

Experience Is The Best Teacher

That is due to the fact that experience is the best teacher.

You Don’t Need A Double Door Fridge Out Here

To sum up to the nomad borrowing tens of thousands of dollars to overpay for a shiny new rig is just not an option.

Change Is Coming

Finally the overall economic picture suggests things are about to change.

Deflation

In fact big price reductions on almost everything may be in the picture soon.

Sales People Always Say This Is The Best Time To Buy

However sales people will always tell prospects it’s a great time to buy.

YouTubers Too

Including those prognosticators on You Tube.

Eye Opener

In conclusion always do your own research.

But don’t forget to look at the overall economic picture at the same time.

It’s an eye opener.

Ridiculous-RV-Rig-Prices-Bob Davis Podcast 1078

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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.

Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

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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

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