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-Talk-2020-Election-Issues-Bob Davis Podcast 871

Political Chatter

These days there’s a lot of political chatter. We’ll talk about it in Real-Talk-2020-Election-Issues-Bob Davis Podcast 871.

Who the candidates are.

Who’s going to be nominated.

Which ones will win. It seems to change every week.

Not Much Real Talk About Issues

In contrast there hasn’t been a lot of talk about the issues. We’ll do that it in Real-Talk-2020-Election-Issues-Bob Davis Podcast 871.

Our Dream State Of Politics

This podcast opens with a quote about the dreamlike nature of our politics. Then there are the pundits who seem to want to break it down with percentages and numbers. To advocate. The desire is to make a call and tell you who’s going to win.

I won’t do that.

Art Not Science

Politics is more of an art than a science.

Personalities and Partisanship

In 2020 it may come down to personalities and partisanship, not polling and elections data from yesteryear.

Emotions Make Bad Decisions

Moreover I don’t think people driven by emotion, and armed with conspiracy theory, make decisions based on the so called ‘issues’.

Fluid Issues

Issues are also fluid. Killing a famous terrorist changes the fortunes of a president.

In addition so can a series of bad economic numbers or an economic crisis.

One day’s high is the next day’s low.

Long Lists Of Issues

I researched issues. Got long lists of ‘issues’. Certainly many of those ‘issues‘ are included in this podcast. Do they mean anything?

What The Media Is Selling You Already

Will these issues drive the election? That’s what most of the media is selling you.

Not me.

In contrast I’ve picked four key themes I think may have a big impact on what happens in 2020. Let’s not forget we don’t directly elect presidents in the US. We do directly elect congress and our statewide representatives and governors. Those elections are important too.

Themes

In conclusion it’s necessary say again I am not supporting or fighting against any candidate. I am not trying to convince listeners and subscribers we need to move a certain way in this country. You listen. Make your own calls.

Sponsored by John Scott Personal Injury Lawyer, Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Real-Talk-2020-Election-Issues-Bob Davis Podcast 871

 

 

 

 

State Fair-Anxiety-Relief-Bob Davis Podcast 857

Weather Already Changing

Seems like all the media does these days is react to the President’s Twitter Feed. This creates stress. In Minnesota, the weather is already changing as we head to fall. That means it’s State Fair time. Many Minnesotans head to the state fair for anxiety relief. We’ll talk about it in State Fair-Anxiety-Relief-Bob Davis Podcast 857.

Working At The Fair

I don’t go to the state fair anymore. For me the especially relevant fact is over years I’ve spent hundreds of hours working at the fair. I’ve seen it change from an agriculturally focused event to a food fair.

Millions of Visitors But Not Me

Not that there’s anything wrong with a food fair. If that’s what you’re looking for Minnesota’s State Fair is probably the best in the nation. Moreover, switching to a more urban approach nets the fair hundreds of thousands of visitors per day, for the ten days it’s on.

Lost State Fair Podcast

Back in the day I recorded an audio project with friends at the Minnesota State Fair. A podcast before there were podcasts. I used to do a state fair podcast every year and drop in my ‘lost state fair podcast’, since it less than fifteen minutes long. No need to do that again. If you want to hear the lost state fair podcast, click here.

Freeze Baby

First of all when the weather changes my focus shifts indoors. I am what Minnesotan’s call a ‘freeze baby’. I don’t like being cold. Moreover I already miss the heat and humidity of late July. This year the humidity and heat departed the Land of Ten Thousand Lakes early in August.

Shifting To The Horrible Experience Of Social Media

As a result I am in the studio for State Fair-Anxiety-Relief-Bob Davis Podcast 857, late on a Saturday night. I can’t help but shift from telling some State Fair stories to talking politics and the reaction that subject garners on social media.

Running The Country From Twitter

In addition I single out the media again for seemingly reporting on a twitter feed. These days it feels like all the media does is report on the president’s twitter feed. Consequently we don’t report on outcomes anymore.

Telling Audiences What They Want To Hear

Even more it’s necessary for me to reinforce the fact that I refuse to join the ranks of partisan commentators either predicting the future or telling their audiences what they want to hear.

Focus On Society and Outcomes

As I have been saying, in contrast, my focus is increasingly on society. I am looking for outcomes. Conclusions. Things we can talk about that have some concrete presence in the world. I think the social media experience is increasingly negative, promotes anxiety, and gets us all nowhere.

Play The Game To Find Out Who Wins

In conclusion I refuse to do politician’s work for them. I think they rely too much on media magpies to formulate the explanations and excuses. Sometimes we have to play the game to know the outcome.

Cheese Curds and Something On A Stick

Finally sometimes it’s just good to take a pause at the end of the summer for some cheese curds and something on a stick.

Sponsored by Ryan Plumbing and Heating and Reliafund Payment Processors

State Fair-Anxiety-Relief-Bob Davis Podcast 857