Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872

Everyone Gets An Award. So What?

These days we live in a world where everyone gets an award for participation. Every now and then reality intrudes on our blissful paradise. We’ll talk about the 3rd quarter GDP numbers and what they mean in Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872.

Ballyhoo and BS

We’ve been the victims of economic ballyhoo at least since 2016. Even more for years since the recession of 2008 we’ve been sold all kinds of snake oil. Green Shoots. The Light At The End Of The Tunnel. Priming The Pump. Economic Boom!

GDP Is The Yardstick

Gross Domestic Product is the yardstick by which we measure the economic performance of the world’s countries. This is especially relevant in the United States, where we will choose a new president and congress in 2020.

How Are We Doing?

Economy is one of the yard sticks by which we determine how our leaders ‘are doing’ at their jobs.

Third Quarter

Therefore when the third quarter GDP numbers came out this week, we now have a third data point on which to judge US economic performance in 2019.

Smoke and Mirrors?

How are we doing? We’ll find out in Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872.

What’s A Boom?

First of all exactly what does an economic ‘boom’ look like and are we really living through one?

What About All The Other Stats?

Second, what about other measurements like employment, government spending, consumer spending and productivity?

Concentrate On Outcomes

I have often described my mission with these podcasts as a quest to concentrate on outcomes and relatively objective analysis of those outcomes.

No Predictions

Above all I avoid predictions. I won’t use superlatives to describe how great or bad things are. I do not want tell listeners what they’re supposed to think or advocate for.

More Questions

In conclusion, these new numbers raise more questions than answers.

In addition, what about inflation, business investment and growth in the future.

Moreover what about intervention by central banks?

I wonder, if there’s an economic boom why do we need so much government spending and interventions to keep it going? What about the enormous spending deficits and public debt?

Meeting Challenges

Finally what are the biggest economic and therefore social challenges ahead. Are we on path to address those challenges?

I don’t hear too much talk about that on the campaign trail, in government and in the media.

Sponsored by John D. Scott Personal Injury Lawyer and Hoffman Hamer and Associates

Economic-Boom-Smoke-And-Mirrors?-Bob Davis Podcast 872

 

 

 

Real Time 2018 Election Results-Live-Bob Davis Podcast 774

These days election results in real time without BS is a tall order. Experience the results in real time with me in Real Time 2018 Election Results-Live-Bob Davis Podcast 774.

Working America Into A Froth

It’s especially relevant how the media and politicians managed to work most of America into a froth for this election. Democrats regained control of the House of Representatives. Republicans did better than predicted in the Senate. The GOP also managed to surprise in a couple of governor’s races.

How Predictions Stack Up To Results

It’s Most noteworthy how results stacked up to the predictions. I see it this way. Democrats managed to cobble together a few pick ups in house races here and there into a majority. Republicans could have prevented some of these losses. What happened? How could the GOP manage to increase it’s majority in the senate but lose it in the house?

Minnesota Republicans Got The 8th District As Consolation Prize

Moreover for my Minnesota subscribers and listeners, there were major losses for incumbent republicans in the 2nd and 3rd House districts, all the statewide races and the state legislature. The consolation was one of the few republican pick ups in the House is Minnesota’s 8th district.

Blue Wave?

Was it a blue wave? My analysis says no. Democrats won some hard fought victories in key house races to control the house but they failed to win key governor’s races and lost ground in the Senate. More details in Real Time 2018 Election Results-Live-Bob Davis Podcast 774.

Some Outcomes Still Out

I am still waiting on the outcome of key races. Just learning the Wisconsin Governor Scott Walker has lost his bid for a third term, and waiting for some House races, Senate bids in Arizona and Montana. In coming days there will be plenty of post analysis, celebration and blame to go around.

Hard Drives Humming and Pizza

In conclusion there’s still something about a quiet night at the Broadcast Bunker. Results came from the Internet. The hum of hard drives and processors kept me company.

(Editor’s Note: A late development Monday in Minnesota. Republicans can add another pick up with Jim Hagedorn’s victory in Southern Minnesota’s 1st District. Minnesota republicans managed to lose all the statewide races and the state House of Representatives, making victories in the 8th and 1st even more bittersweet.)

And we had pizza

Sponsored by Citizens Council For Health Freedom, Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

Real Time 2018 Election Results-Live-Bob Davis Podcast 774