Nomad-Dollars-Sense-Part1-Bob Davis Podcast 1101

Nomad Dollars And Sense

To begin with I am going to do a series of podcasts discussing dollars and sense for the nomad. Nomad-Dollars-Sense-Part1-Bob Davis Podcast 1101 is the first in that series.

Preconceptions

Most importantly Part1 deals exclusively with our preconceptions about what exactly “The Economy” actually is.

Updates Podcast 1069

And this podcast series updates earlier comprehensive podcasts about the economy and the nomad.

In fact this is necessary because I want to deal with specific metrics in the second podcast in this series.

Business Coverage

Most importantly the reality of business news coverage these days is mostly political.

Or it is alarmist.

No Overlay

That is to say if you overlay a political or religious template on economic information you lose the ability to analyze what is going on.

Force Of Nature

Certainly the overall world economy is a force of nature.

In other words a force similar to waves on the ocean.

Therefore making predictions about outcomes is extraordinarily difficult.

Misinformation

And our modern information channels are filled with misinformation.

Charlatans

In addition there are many charlatans spreading misinformation for their own purposes.

Context

I have also learned it takes a long time to get comfortable with terms and context when it comes to financial markets and economic discussions.

My Story

Firstly I’ll tell you a little about my story as a nomad and how I became intensely interested in this subject.

Secondly I’ll tell you why I think the economy in general is at an inflection point.

And what that all means.

Podcast Series

Nomad-Dollars-Sense-Part1-Bob Davis Podcast 1101 sets up the next podcast which will deal with the key data in the economy I have learned to look at.

Finally it comes down to whether you are Pollyanna or a Cassandra.

Moreover why so many main street business owners are in fact Pollyanna.

And why they’re missing the latest economic data which could signal what is just head.

To sum up the nomad wonders when fuel prices will collapse.

And when food prices will come down.

Even more the one hundred and eighty million Americans who aren’t millionaires and billionaires wonder when they will get a break.

The answers to those questions begin with a baseline for a dollars and sense evaluation of conditions as they are.

Nomad-Dollars-Sense-Part1-Bob Davis Podcast 1101

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The-Real-Matrix-Bob Davis Podcast 1063

The Real Matrix

Firstly The Real Matrix exceeds the wildest dreams of movie makers. Details in The-Real-Matrix-Bob Davis Podcast 1063.

Provo

Secondly what better place to talk about The Real Matrix than a Walmart Super Center in Provo Utah?

Walmart As A Reference Point

Above all this kind of place is kind of a reference point for me.

Certainly there are Walmart’s all over the United States.

I’ve been to a lot of them.

Walmart All Night

In addition you can still hang out in some Walmart parking lots all night.

Convenience For Nomads

And Nomads love the convenience in transit.

Maintenance

Most importantly I am in Utah to get some maintenance for Mobile Podcast Command.

All Terrain Tires

That is to say if you listened to my adventure in Dinosaur National Monument you know I need All Terrain Tires and maintenance.

Fragile Economic System

But as I walk through the Walmart here in Provo to do this podcast I am reminded how fragile our economic system is right now.

Enormous Influence

As a result I think it’s time to reinforce the fact that The US Federal Reserve Bank has enormous influence in our society.

The Real Matrix

Enough influence to function as The Real Matrix.

Inflation

Moreover as our central bank struggles to control inflation the result may be a recession.

Deflation

Even more a much bigger and more dangerous recession may be in the making.

Meanwhile every nomad I know is rooting for a deflationary recession.

Food and Fuel

That is to say much lower prices for fuel and the things we nomads need.

Back In The World

On the other hand this kind of situation might not be good for people back in the world.

Pressures Of Life

Finally I have often talked about the pressure of life back in the land of bricks and sticks.

No Judgements

Certainly this is not offered as a judgement.

Observation

But only an observation.

Gratitude

And it makes me glad to be a nomad.

Income Not Keeping Pace With Inflation

For example recent data shows incomes are not keeping pace with inflation.

Adds To The Pressure

And that adds a lot of pressure to life.

Provo Itself

To sum up Provo itself is a much younger community.

Therefore I talk about Provo’s demographics and history a little bit.

And of course, there’s nothing like a walk through a Walmart!

Sponsored by Ryan Plumbing and Heating of Saint Paul

The-Real-Matrix-Bob Davis Podcast 1063

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

Travel With Higher Prices

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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