Canary-In-The-Coal-Mine-Bob Davis Podcast 1092
Canary In The Coal Mine
Above all was this week’s banking meltdown the canary in the coalmine? We’ll talk about it in Canary-In-The-Coal-Mine-Bob Davis Podcast 1092.
Banks Fail
Screaming Fire
Cause For Concern
Certainly bank closures at any time are cause for concern.
Reasons
But there’s a reason for these developments.
Plain Language
Firstly Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is not a podcast with a bunch of statistics and language no one can understand.
Updates
Secondly I am updating some of the podcasts I did earlier this year and last on the US Economy.
Of course my personal concern has been the price of diesel fuel.
Greater Concerns About The Economy
On the other hand greater concerns about the US Economy are beginning to be top of mind.
Most importantly these concerns are not unfounded.
Inflation
To clarify the US is dealing with inflation which requires higher interest rates.
Higher Interest Rates
Subsequently we’re seeing the effects of these higher rates.
Business Not Prepared
Mainly because businesses aren’t prepared for this.
More Carnage Ahead?
As a result there will probably be more carnage.
Finally I am not going to tell listeners what they should do with their money.
In addition I am not going to predict the future.
We’ll see what happens. After that I will do updates as needed.
Won’t Predict The Future
In the same vein one of the subjects of Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is the penchant prognosticators have for predicting the future.
Politicians
And for politicians to politicize financial events they don’t necessarily understand.
History
In conclusion this is a precarious moment in history.
Pressure
Most certainly because of the weight of the moment there’s a lot of pressure on those who have to make the decisions.
Personal Hope
For example my personal hope for cheaper fuel!
Canary-In-The-Coal-Mine-Bob Davis Podcast 1092
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