Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

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Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912

Uncertainty Rules The News

These days you don’t know what the news will bring. Furthermore the latest spate of shoot-from-the-hip fixes take the cake. Learn more in Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912.

Pandemic Podcast Series

In addition I’ve been doing a series of podcasts on reactions to the virus.

Old Political World Already Dead

First of all the left-right political spectrum is out of date.

Conservative Versus Liberal? Get Real

Consequently, conservative versus liberal doesn’t even begin to describe what we’re dealing with.

Minimizer In Chief Suddenly Worried

Even more President Trump minimized what became a pandemic from the start. As a result, his supporters parroted what he said with gusto.

Trump went from pointing fingers and calling Coronavirus a hoax, to cowed in one day!

Learn why in Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912.

Losing Their Principles For Trump

Conservatives believe in Limited Government or personal freedom, Economic Freedom the US Constitution and above all a debt free future. Moreover the right wing hates deficit spending, the Federal Reserve and Executive Overreach?

Trump Shifts

And yet in a few hours President Trump abandoned conservatives! He proposed a series of policy ideas that should have former and current democratic presidential candidates claiming copyright infringement!

Checks, Deficits, Bail Outs

Especially relevant, perhaps two thousand dollar checks for every American. A trillion dollar bail out package on top of a trillion dollar deficit just for 2020 and 23 trillion in public debt. Using the military. Shutting down private businesses.

Threatening The Federal Reserve Chair

In addition, the president threatened to fire the Federal Reserve Chair because interest rates weren’t being cut far enough, fast enough.

Wall Street Response

Finally the response from Wall Street isn’t good.

Investors want to see the president leading the government to take real action to address a growing crisis.

Never Waste A Crisis

In conclusion, it’s time for questions about the future of the republican party and this president. Remember those Obama Era Memes about not wasting a crisis?

Now they’re being applied to ‘conservatives’.

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Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912

 

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