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

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!

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

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Polar Vortex-Deep Freeze-Cabin Fever-Thoughts-Bob Davis Podcast 799

Polar Vortex-Deep Freeze-Cabin Fever-Thoughts-Bob Davis Podcast 799

Colder this weekend in Minneapolis and Chicago than Antarctica. Colder even than high noon on Mars! Spending a lot of time inside pondering the end of the government shutdown in Polar Vortex-Deep Freeze-Cabin Fever-Thoughts-Bob Davis Podcast 799.

Breaking News! Winter Is Cold!

These days theories about why winter is cold abound. An arctic polar vortex that has split in two. An impending flip in the magnetic polls? Consequently we spend a lot of time talking about the weather.

Trump Yields To Pelosi

First of all this weekend will go down in history as the moment when President Trump yielded to a newly elected congress controlled by the democratic party. At least for the next three weeks.

Air Traffic Controllers

A snafu at some of the nation’s largest airports, caused by air traffic controllers calling in sick brought the president to his knees. Finally a deal was made to reopen the thirty percent of the government that was ‘shut down’ which did not include funding for a ‘wall’ on the US Southern Border. Find out what’s next in Polar Vortex-Deep Freeze-Cabin Fever-Thoughts-Bob Davis Podcast 799.

Too Cold To Care

But the cold is the most noteworthy topic. How do you adjust to the cold? When it comes to getting out of the cold where do you go? Can’t bother to spend a lot of travel money to go someplace that is 60 degrees. People from the upper midwest, used to sub zero temperatures, have to go to the equator to get the cold out of their bones!

Freewheeling Talker

Moreover this freewheeling talker includes a lot of opinions about people yelling and screaming. Social Media. Cable News Channels. My view is we’re not getting anywhere because people are watching and listening to media that confirms their own biases. So getting to the bottom of what the situation is, or isn’t, can be difficult.

IS The Economy Booming?

A good example are assertions that the economy is ‘booming’ or that US consumers are already benefiting from ‘tax cuts‘. I’ll tell you whether this is true in Polar Vortex-Deep Freeze-Cabin Fever-Thoughts-Bob Davis Podcast 799.

In conclusion I would much rather comment on the social implications and facts rather than join the crowd predicting the future and telling you what to think,

It’s Way too cold for that!

Sponsored by John D Scott Personal Injury Lawyer and Water Butler Water Purification Systems

Polar Vortex-Deep Freeze-Cabin Fever-Thoughts-Bob Davis Podcast 799

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Storm Clouds Gather Over The Bull Market-Podcast 665

Storm Clouds Gather Over The Bull Market-Podcast 665

We don’t see the storm building over the markets. Distractions. Shiny things that draw the eye and ear. A war of words between a North Korean dictator and the president. Kneeling football players and the Tweeter In Chief. Meanwhile, the long expansion in the markets may be about to end. A heads up for you on how and why in Storm Clouds Gather Over The Bull Market-Podcast 665.

Watch The Shiny Thing

We don’t look beyond the distractions in the media to see what they conceal. No amount of pointing and saying ‘look’ is going to change it. We have not had a serious market or financial crisis since 2008. Our economy has been on life support ever since. Now the DNR order has been signed. Find out why in Storm Clouds Gather Over The Bull Market-Podcast 665.

Market Shocks Have Political Consequences

Remember 2008? The market crashed. The banking system was going to seize up, they said. A republican administration suddenly bailed out the banks, insurance companies and big car companies. The shock changed politics. A new administration came in, in 2009. New banking regulations, more government spending and a very large stimulus package was passed by congress.

Hey! What Happened To The Punch Bowl?

The Federal Reserve, bank of last resort, began a program called Quantitative Easing in 2009. Over the next eight years the FED added trillions of dollars to its balance sheet as it ‘injected’ money into the US economy. QE one, two three and four indirectly supported the stock market through the purchase of hundreds of billions of dollars worth of securities. What happens when they take that away?

Pay Attention

So this is a simple heads up that it might be time to start paying attention. While we’re talking about things that don’t matter they are doing things that do. That storm roiling to the west, might be rolling in anytime. In Storm Clouds Gather Over The Bull Market-Podcast 665.

Sponsored by Brush Studio In The West End Saint Louis Park, and by Ryan Plumbing and Heating in Saint Paul.

Storm Clouds Gather Over The Bull Market-Podcast 665

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