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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Corona-Recession-Becoming-Depression?-Bob Davis Podcast 941

Corona-Recession-Becoming-Depression?

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.

Pollyanna

However there’s optimism, then there’s Pollyanna.

Mental Health

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.

Corona-Recession-Becoming-Depression?

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Fearmonger-Fishmonger-Virusmonger-Bob Davis Podcast 908

What’s a Monger Dad?

First of all a monger is someone who deals in something. These days with Coronavirus you might find yourself being called a fearmonger. Learn more in Fearmonger-Fishmonger-Virusmonger-Bob Davis Podcast 908.

Virus Fear

Especially relevant is my most recent podcast. I said if the virus causes an economic slowdown it would limit the President’s shot for a second term.

Not Just The Market

Moreover I did not base my analysis on the stock market. I know full well ups and downs will happen everyday until Covid-19 runs its course.

Things Should ALWAYS Go Smoothly Right?

I want to talk about how we expect things to go smoothly no matter what.

Always Right…Never Wrong

In addition, time to talk about how predictions about a developing story having to be one hundred percent correct all the time.

Fake News!

Most noteworthy, politicians who demonize media that doesn’t follow the party line. Fake News! Lies! Political Agenda!

Nothing To See Here Folks

Also the idea that ‘professionals’ are in charge. There’s nothing to worry about here! Just go back to your homes and wait for further instructions.

Projecting An Air Of Confidence

These days public and corporate officials project an air of confidence and competency.

Consequently our companies and governments maintain a a veneer of perfection publicly.

What happens when smart people make things go wrong? Check it out in Fearmonger-Fishmonger-Virusmonger-Bob Davis Podcast 908.

Cascade To Crisis

We’re on top of this! Nothing to worry about! Then, the unexpected cascade into crisis.

How do we react when the ‘super competent’ are swamped?

Complex Developing Crises

In conclusion don’t be so quick to judge someone’s takeaway today. Tomorrow they might be right. Especially when it comes to complex and developing crises.

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Fearmonger-Fishmonger-Virusmonger-Bob Davis Podcast 908

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