Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941
Firstly chances of a happy ending to this pandemic are fading. Learn more in Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941.
Going Against The Optimists
Secondly I know what I have to say goes against the optimists.
However there’s optimism, then there’s Pollyanna.
Thirdly and most importantly are concerns and questions about our overall mental health.
Giving In To Reopening Pressure
Certainly it’s now clear some states gave in to political pressure to reopen.
Shutting Back Down
As a result we face the specter of shutting back down. One of the reasons I ask whether the Corona Recession Is Becoming A Depression?
Negative Economic Impacts
Above all the big concern is additional negative impacts on the US Economy.
Relief Running Out
Even more unemployment benefits and business relief packages are running out.
The Sheriff Is Here With Your Eviction Notice
Finally as the grace period on evictions ends people are forced to move.
“This Is All Going To End, You’ll See”
This was all supposed to be over by now, right?
Taxpayers Are Broke…So Is The Government
Meanwhile Congress and the White House are negotiating new relief that starts at one trillion dollars. Where is the production and the tax revenue to pay for it?
Enormous Debt To Stop The Panic
More debt, more money printing and more borrowing future growth to stop the bleeding now.
The Boom Was A Dream
In addition the bill for the central bank’s propping up the world economy for at least ten years is coming due. Our economic boom was a dream. Corona is the shock that ended it.
Good Morning Sunshine!
In short it is not a pretty picture.
Optimism Rests On Stock Market and Unemployment Numbers
Similarly you’re going to hear a lot about unemployment numbers, the stock market and so on. But these are not how we measure the economy.
Top Guys Hedging Their Bets
In conclusion top financial people are already hedging their bets. Warning of gathering storm clouds and trouble ahead.
Kanye West, Protests and Karen
The fact that these stories have not seeped into the mainstream is especially relevant. But when you have riots, Kanye West and Karen’s antics at the WalMart to share on social media, who cares about the economy?
Really Hope The Optimists Are Right
To sum up, batten down the hatches America, in about a month we all may wish the eternal optimists were right.
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