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!

Sponsored by Reliafund Payment Processors

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

 

Podcast 252

The Gathering Storm. Business and Economic News. The latest headlines include a Mayor who throws alleged gang signals to curry favor with unsavory characters, a video of an MIT Obama Care ‘architect’ who says the law was poorly written to fool ‘stupid’ voters (what a surprise!), and the mainstream media election 2014 chatter is increasingly vapid. Time to turn to an issue no one seems to be paying attention to, save for the financial and market watchers. As commodity and housing prices decline the mainstream media tells us deflation is bad, because falling prices mean people will ‘wait’ to make purchases. Never mind we have had deflation (dropping prices) for things like flat screen TV’s and tech for years, and people keep buying. The real problem with deflation is that governments need inflation to pay off their debts. Inflation is how governments have robbed Americans of purchasing power and hidden the ill effects of profligate spending for decades. Central Banks and governments all over the world are trying, and failing, to create inflation. Now they are terrified that slow, or no economic growth may finally be creating a deflation, which means debts will become more difficult to repay. What the mainstream media isn’t telling you about lower oil prices is, major economies all over the world are stalling, lowering demand for energy and everything else. The EU, Japan, China, Russia, India, Brazil, even the US have anemic economic growth, or they are contracting. Housing is not cooperating with efforts to stimulate. Half the people in this country make less than $28,000 a year, the average college graduate has at least 26,000 dollars in debt, making some wonder what the millennials will be buying houses with. Years of anemic economic growth is taking its toll in people out of the labor force, stagnant wages and substandard job creation. The statistics look good, but don’t tell the real economic story in the United States and the rest of the world; Things aren’t going so well. The gathering storm isn’t deflation, it’s the political reaction to it. Bill Gross said recently, stimulative efforts by governments and central banks aren’t ‘working as well as they used to’. The cure? More of the same! What about the idea that what they’re doing just isn’t working? Politicians aren’t addressing this issue at all, whether they be democrat or republican. Does this mean a disaster is brewing? Democrats want to double down on failed economic policy  (basically print and borrow more money) and Republicans don’t seem to have an agenda which will lead to the growth we need. Add to this, chaos in the world as the US withdraws … a confused foreign policy … and you have a recipe for disaster; A gathering storm. Sponsored by Ryan Plumbing and Heating of Saint Paul and by Depotstar

Podcast 232

Obama and Ebola. As another health worker is reported to have contracted the Ebola virus, the President cancels a fundraiser to hold an emergency meeting with his ‘Ebola Team’ to make sure ‘it doesn’t happen again’. The meeting raises yet more questions, even as it raises the stakes for an embattled President. As predicted weeks ago by The Bob Davis Podcasts, Ebola now dominates news coverage, in the fantasy 24/7 news cycle. And, in the Magic Kingdom of the News Media, whatever steps taken to combat problems like Ebola, the feeble economic recovery, or a threat like ISIS just have to work…unless they don’t. Still, questions not answered continue to multiply. Why did Amber Vinson – the third person with Ebola in the US and second health worker to contract the disease at the hospital in Dallas – get on a plane and fly to Cleveland, from Dallas, and back … with all the stops in between. That seems like a lot of ‘contact tracking’ for the ‘experts’ at the CDC to do. Are charges about containment procedures being ignored at the Dallas hospital true, and if so, does that mean we should be monitoring more than a little over a hundred people from there? What does ‘self monitoring’ mean? And, why was a person who was supposedly being monitored flying around the country? Moreover, experts keep saying we don’t have enough data to know if the Ebola Virus can be spread more easily than what ‘experts’ say, or whether it could mutate into a form more easily transmitted. Finally, if this is what happens when one terminal Ebola patient shows up at a hospital, what happens when 3 show up? What about 10? What about 100. How many ‘SWAT Teams’ of ‘pros from Dovwer’ does the CDC have? To add insult to injury, if you’re concerned about the response to Ebola infection in the US (such as refusing a travel ban for people coming from West Africa, which Columbia and the tiny Caribbean Island of Saint Lucia’s have done) you’re panicking? Then there are the markets, dropping because of concern about economic slow downs in Europe and China. Oh yeah, let’s not forget ISIS which is not cooperating with Obama’s strategy to ‘degrade and destroy’ them. If this really is the Democrats ‘October Surprise’ its not working well. As polls show more momentum with Republicans on the issues those surveyed care most about, it suggests voters that decide who to vote for at the last minute could pick Republican candidates. The only bright spot is cheaper gasoline, as Saudi Arabia pumps like crazy, hoping to force American oil companies to slow or stop production, which is reportedly not profitable below about 90 dollars a barrel. Just a word of caution; A drop in the price of commodities is really not a good sign when every major central bank in the world is pumping cash into the banking systems. Will these problems go away? Or cascade into catastrophe? Only time will tell. Sponsored by Baklund Research and Development