Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

Summers End Turning Point 2022

Firstly summers end is always a turning point. You might remember this one for a long time. Details in Summers-End-Turning-Point-2022-Bob Davis Podcast 1068.

Not Political

Secondly these are not political podcasts.

Economy

Certainly they have to do with the US and world economies.

However one of the chief mistakes of many analysts is their penchant for attaching economic problems to current political leaders.

Inflation Years In The Making

Most importantly the inflation nomads and people back home are dealing with was years in the making.

Major Slow Down Ahead?

In addition one of the biggest takeaways from this podcast is the increasing possibility for a major slow down and a shift from inflation to deflation.

Recession

For example Germany, China and technically the United States are already in recession.

Feeling The Pinch

And smaller economies and developing economies are also feeling the pinch.

The Cause? Not What You Think

While much has been made of the war in Ukraine or supply issues these are not the root cause of the inflation in the United States.

Gas and Food For Nomads

Above all we nomads feel the pain when it comes to gas and food prices.

Everything For everyone Else

And for the people in the and of bricks and sticks it’s just about everything else.

In Summers-End-Turning-Point-2022-Bob Davis Podcast 1068 I argue that the inflation we’re dealing with has been caused by years of near zero interest rates and something called quantitative easing.

Don’t Bet On A Pivot

In the same vein analysts keep saying the US Federal Reserve will ‘pivot’ soon.

95 Billion Every Month Bought For Years

To clarify Quantitative Easing has taken the form of the central bank buying 95 billion dollars worth of bonds EVERY MONTH.

Now Selling 95 Billion Every Month

More importantly Quantitative Tightening is the central bank selling off 95 billion dollars worth of bonds EVERY MONTH.

Moreover those bonds are ramping up to a full 95 billion EVERY MONTH in September.

That’s a lot of liquidity sucked out of the banking system.

Therefore listeners can see why I say Summers End is a Turning Point.

Meanwhile I emphasize EVERY MONTH here because I did not in Summers-End-Turning-Point-2022-Bob Davis Podcast 1068.

Sponsored by BeYou Enterprises

Summers-End-Turning-Point-2022-Bob Davis Podcast 1068

The-Real-Matrix-Bob Davis Podcast 1063

The Real Matrix

Firstly The Real Matrix exceeds the wildest dreams of movie makers. Details in The-Real-Matrix-Bob Davis Podcast 1063.

Provo

Secondly what better place to talk about The Real Matrix than a Walmart Super Center in Provo Utah?

Walmart As A Reference Point

Above all this kind of place is kind of a reference point for me.

Certainly there are Walmart’s all over the United States.

I’ve been to a lot of them.

Walmart All Night

In addition you can still hang out in some Walmart parking lots all night.

Convenience For Nomads

And Nomads love the convenience in transit.

Maintenance

Most importantly I am in Utah to get some maintenance for Mobile Podcast Command.

All Terrain Tires

That is to say if you listened to my adventure in Dinosaur National Monument you know I need All Terrain Tires and maintenance.

Fragile Economic System

But as I walk through the Walmart here in Provo to do this podcast I am reminded how fragile our economic system is right now.

Enormous Influence

As a result I think it’s time to reinforce the fact that The US Federal Reserve Bank has enormous influence in our society.

The Real Matrix

Enough influence to function as The Real Matrix.

Inflation

Moreover as our central bank struggles to control inflation the result may be a recession.

Deflation

Even more a much bigger and more dangerous recession may be in the making.

Meanwhile every nomad I know is rooting for a deflationary recession.

Food and Fuel

That is to say much lower prices for fuel and the things we nomads need.

Back In The World

On the other hand this kind of situation might not be good for people back in the world.

Pressures Of Life

Finally I have often talked about the pressure of life back in the land of bricks and sticks.

No Judgements

Certainly this is not offered as a judgement.

Observation

But only an observation.

Gratitude

And it makes me glad to be a nomad.

Income Not Keeping Pace With Inflation

For example recent data shows incomes are not keeping pace with inflation.

Adds To The Pressure

And that adds a lot of pressure to life.

Provo Itself

To sum up Provo itself is a much younger community.

Therefore I talk about Provo’s demographics and history a little bit.

And of course, there’s nothing like a walk through a Walmart!

Sponsored by Ryan Plumbing and Heating of Saint Paul

The-Real-Matrix-Bob Davis Podcast 1063