Back on the road for travel with higher prices. Time to talk about the basic causes of high inflation and what’s ahead for nomads. Revisiting some topics from earlier podcasts. Listen to Travel-With-Higher-Prices-Bob Davis Podcast 1048.

Euphoria Back On The Road

Firstly even a short trip back on the road delivers the same euphoria and excitement longer trips delivered last year.

Things Have Changed

Second things have definitely changed.

People Don’t Understand What’s Happening

Even more after many discussions with people I’ve met recently there is clearly a lack of understanding what’s going on and what’s caused these prices.

All The Key Information Assembled Here

In addition I have not been able to find all the key information assembled in one place.

Therefore that is the plan for Travel-With-Higher-Prices-Bob Davis Podcast 1048.

The Cure For High Prices

Above all most of the time high prices lead to a recession.

Learn The Word Monetary

Certainly as Milton Friedman said Inflation is Always and Everywhere A Monetary Phenomenon.

Too Many Dollars

That is to say too many dollars chasing too few goods.

Recession Ahead

And inflation often leads to recession.

Good News For Nomads

Due to the fact that recessions often lead to lower prices things might be looking up for us nomads.

California Gas Gouger

Meanwhile the media and politicians don’t talk about high fuel taxes irrationally gouge working Americans.

For example California’s tax on diesel is 68 cents. On gas it’s nearly 52 cents.

Exxon Should Take A Lesson From California

Even the oil companies could take a lesson on gouging from the State Of California.

Short Trips

In short I took a short trip into the so called Golden State intending to head to Los Angeles.

Cash Leaking Out Of My Wallet

However I turned right around and came back to Arizona due to the amount of cash leaking out of my wallet.

Longer Stays and Free Camping Please

Most importantly it’s short trips, longer stays and free camping for this nomad.

There Goes The Punch Bowl

In addition as the Federal Reserve takes away the punch bowl and pulls the slats out from under the economy I’m cheering.

Stock and Real Estate Market Shocks

Finally what’s ahead for the world back home might be stock and real estate market crashes and inevitable job losses we nomads have our fingers crossed for lower prices.

No House To Lose Here

In short if you’re on the road full time you probably don’t have a house to lose or high rent to pay.

Why We Hit The Road

Moreover this was the reason many of us decided to hit the road.

Nomad Story

It’s an important park of the nomad story.

Falling Off A Cliff

To sum up big market moves usually don’t happen fast.

But it’s kind of like falling over a cliff and grabbing branches on the way down.

As you fall you’re up and down but the general direction is down.

Good News The Media Won’t Tell You About

In conclusion that’s good news for nomads.

Maybe not so much for everyone else back in the world.

Travel-With-Higher-Prices-Bob Davis Podcast 1048

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The-Politics-Of-Panic-Bob Davis Podcast 910

Pandemic Panic

Time to talk about Panic. Especially the politics of panic. What does the word ‘panic’ mean? All that and more in The-Politics-Of-Panic-Bob Davis Podcast 910.

Fourth Podcast About Coronavirus

First of all this is the fourth in a series of podcasts on Coronavirus.

If It Bleeds…It Leads

I certainly did not intend to do a series on Coronavirus. However it’s rise to an official pandemic is most noteworthy.

Ladies and Gentlemen, if it bleeds it leads.

Four Podcasts Anticipating Current Events

Even more these podcasts have anticipated effects in the markets.

Right now the questions are, how bad will it get and what will the political effects be.

Enter the word ‘Panic’

If you are interested in real statistics regarding the spread of Covid-19 you believe ‘fake’ news.

Try to prepare by doing something you think might help your family? Panic.

Moreover media covering the story are automatically guilty of panic if they don’t parrot the party line, which apparently is this is not very serious.

In addition statements made from the White House in an attempt to damp down concern are often contradicted almost immediately.

Blame Everyone

Blame the media. Or China. Say the democrats are making a big deal out of this.

Blame the president for his off the cuff style and colorful language.

He blames CNN and the previous president.

Let’s not forget social media because it brings out the worst human instincts at times like these.

Learn more in The-Politics-Of-Panic-Bob Davis Podcast 910.

This Ain’t No Party

Finally one wonders whether we are truly panicking.

This Ain’t No Disco

Selling stock because the market is going down isn’t necessarily panic.

This Ain’t No Time For Fooling Around

Buying toilet paper may seem silly but it hardly qualifies as panic.

Measured And Careful Response

In conclusion Covid-19 is now a worldwide pandemic. That is officially a serious problem.

It’s reasonable to suggest a serious problem requires a measured and careful response that doesn’t minimize, spin, or denigrate people who are concerned about it.

Economic and Political Effects Snowballing

A measured and careful response is even more important as economic effects snowball and markets are effected.

I don’t think people trust the government anymore.

Can you blame them?

Oh right…you can!

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