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.

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

Monsoon-Musings-Bob Davis Podcast 1066

Monsoon Musings

Late summer means the Monsoon season out west and that means it’s time for some Monsoon Musings. In my case that means midnight between downpours. Up in the mountains in Monsoon-Musings-Bob Davis Podcast 1066.

Monsoons Are Not Created Equal

Firstly every year out here is different when it comes to the Monsoon.

Bad Monsoon

Secondly this is a bad Monsoon.

Above all it seems like every afternoon the thunderheads come up and the downpours start.

Spectacular Storms

Certainly the storms are more spectacular in the deserts down toward Phoenix.

Utah Monsoon

However I am in Utah.

And Utah has its share of summer storms.

Flooding

For example it doesn’t take much rain to produce flooding and a lot of mud.

Campsite Flooded

In fact my campsite was flooded when I recorded Monsoon-Musings-Bob Davis Podcast 1066.

Stay On The Black Top

On the other hand that is why nomads avoid sandy and dirt roads this time of year and park on the black top.

Reflections

But it’s a great time for reflections.

Musings

Monsoon Musings.

In the same vein I have been up in Salt Lake for a lot longer than I would have liked.

Consequently I have a few stories from my truck stop and Walmart parking lot stays.

In addition I had a chance to scout the whole area for great campgrounds.

Bryce Canyon

Finally I headed up to the Bryce Canyon area and camping at King’s Creek in the Dixie National Forest.

[Editor’s Note: Of course I called it King’s Crossing in the podcast!)

Dixie National Forest

To clarify this campground is about nine thousand feet up. When it rains there it’s cold.

Fog!

And foggy.

Red Rock Road

Therefore I was happy to get back down to the desert near Red Rock.

Two Takeaways

To clarify there’s two takeaways from this podcast.

Desperation In The Truck Stops and Parking Lots

Firstly I don’t think I have seen this many homeless and desperate people in the truck stops and parking lots in my travels.

And Utah has services and plenty of room for broken down car dwellers.

Nomads Have A Dream

Secondly it’s been my experience that nomads have a dream.

That is to say many nomads dream of a piece of land somewhere in the mountains.

Or beaches.

Forests too.

In short we talk a lot about what one would need for the perfect off grid ‘cabin in the woods’.

My Heart Is On The Road

But on the other hand my heart is not in those discussions although I don’t mind having them over a fireside steak and a piping hot cup of coffee.

My Cabin In The Woods

In conclusion Mobile Podcast Command is my cabin in the woods, mountain or beach.

Gratitude

And I am very grateful to stay on the move.

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Monsoon-Musings-Bob Davis Podcast 1066

 

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