Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

Canary In The Coal Mine

Above all was this week’s banking meltdown the canary in the coalmine? We’ll talk about it in Canary-In-The-Coal-Mine-Bob Davis Podcast 1092.

Banks Fail

That is to say the meltdown of at least three banks this week sent shock waves through the financial community.

Screaming Fire

And allowed You Tube financial geeks and politicians the opportunity to scream fire in a crowded auditorium.

Cause For Concern

Certainly bank closures at any time are cause for concern.

Reasons

But there’s a reason for these developments.

Plain Language

Firstly Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is not a podcast with a bunch of statistics and language no one can understand.

Updates

Secondly I am updating some of the podcasts I did earlier this year and last on the US Economy.

Of course my personal concern has been the price of diesel fuel.

Greater Concerns About The Economy

On the other hand greater concerns about the US Economy are beginning to be top of mind.

Most importantly these concerns are not unfounded.

Inflation

To clarify the US is dealing with inflation which requires higher interest rates.

Higher Interest Rates

Subsequently we’re seeing the effects of these higher rates.

Business Not Prepared

Mainly because businesses aren’t prepared for this.

More Carnage Ahead?

As a result there will probably be more carnage.

Finally I am not going to tell listeners what they should do with their money.

In addition I am not going to predict the future.

We’ll see what happens. After that I will do updates as needed.

Won’t Predict The Future

In the same vein one of the subjects of Canary-In-The-Coal-Mine-Bob Davis Podcast 1092 is the penchant prognosticators have for predicting the future.

Politicians

And for politicians to politicize financial events they don’t necessarily understand.

History

In conclusion this is a precarious moment in history.

Pressure

Most certainly because of the weight of the moment there’s a lot of pressure on those who have to make the decisions.

Personal Hope

For example my personal hope for cheaper fuel!

Canary-In-The-Coal-Mine-Bob Davis Podcast 1092

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Shortage-Lies-Damn-Lies-Bob Davis Podcast 1022

Shortage Lies and Damn Lies

Firstly I don’t know whether the shortage predictions will come true at some future date. But what I am hearing on the news doesn’t jibe with what I am seeing all across America. Learn why I say this in Shortage-Lies-Damn-Lies-Bob Davis Podcast 1022.

Might Be Shortages

Secondly I am not saying there aren’t shortages in some places.

Maybe Some Can’t Find What They Want

Even more not saying some people can’t find the things they want.

Above all that all might be true.

My Survey Of Stores In The Southwest

However recently I completed an organized informal survey of several Walmarts in the American Southwest.

A Method To The Madness

Specifically my conclusions are that there are patterns to the empty shelve syndrome we keep seeing on social media.

Inflation?

In addition there are probably two other causes of shortages where they are seen. Both causes seem to make the case for disinflation.

Doom Triggers

Most importantly I think some prognosticators and politicians get a benefit from predicting doom.

No Toys For Christmas!

For example we keep hearing there won’t be any toys for Christmas.

No Candy For Halloween!

Or that Halloween Candy will not be available.

Truth

Firstly the truth is I have been in several stores in Nevada and California in the last two days and there is plenty of Halloween stuff.

Santa’s Loaded Down

In addition the toy and Christmas aisles were jam packed with goods and these same stores.

Trucker Shortage?

But what about the trucker shortage Bob Davis?

Containers Sitting In The Ocean?

Above all what about all those containers sitting in the ocean at the LA Port?

Are We Sure Retailers Want The Containers?

To clarify I personally don’t think a lot of retailers want those containers to be processed and the goods to end up on the shelves. I’ll tell you why in Shortage-Lies-Damn-Lies-Bob Davis Podcast 1022.

Trucking Companies Driver Problem Goes Back Ten Years

And the trucking companies have been complaining about trucker shortages since the early two thousands.

What’s different now?

Mom’s Buying All The Sugar and Flour

Meanwhile what I am seeing fly off the shelves at are staples.

Flour. Sugar. Rice. Syrup.

But Not Honey Nut Cheerios

They’re not even buying Honey Nut Cheerios.

Or Whiskey.

Therefore something else is going on.

Finally these days I don’t like to do controversial subjects. It just ends up being an argument anyway.

But…

I don’t have some deep need to be relevant.

To sum up I’m doing this because all this talk of shortage is not matching what I am seeing in my travels across this country.

It’s All Good

In short from California to Maine and back again I have not been able to find something I need.

Plenty Of Grass Fed Beef

Even more while I have seen the bottom shelves where the sale stuff is empty, I’ve also seen stores packed with consumer goods of all kinds.

In conclusion with the truck stops packed and stores full I am starting to wonder if someone is lying.

Shockingly I always thought you could trust YouTube prep guys and politicians.

Shortage-Lies-Damn-Lies-Bob Davis Podcast 1022

(Editor’s Note: My definition of disinflation is not very good on this podcast. For a great definition click on the word ‘disinflation’ above.)

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