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.

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

General Motors Plant Closings Ruin Trump’s Day-Bob Davis Podcast 783

General Motors announced deep job cuts and plant closings recently. President Trump got angry. Find out what the real story is in General Motors Plant Closings Ruin Trump’s Day-Bob Davis Podcast 783.

Thousands Laid Off On Cyber Monday

Thousands laid off. Plants closed. People in Michigan and Ohio stunned. Now Trump is threatening the pull US Subsidies for Car Companies. See how it played out on Cable News here.

GM Says Cars Aren’t Selling

Most workers in Michigan and Ohio wanted to know why. GM says the Chevy Volt, Cruze, Impala, Buick LaCrosse and the Cadillac XTS aren’t selling.

Everyone Is Mad

Workers, unions and consumers are mad. So is the president. Most noteworthy are the taxpayers on the hook for billions in borrowed money to bail out the auto companies.

Can The Mighty Trump Fix It?

Moreover it’s the government’s job to create jobs and make sure we make what we consume in the US. Right? That was Trump’s campaign message to voters in Ohio, Michigan in Wisconsin. But, Trump represents a new “Republican Conservatism“, right? Learn more in General Motors Plant Closings Ruin Trump’s Day-Bob Davis Podcast 783.

A New Day For Republicans

It’s a new day. These days Wisconsin spends four billion dollars to create thirty thousand jobs. Trump can force Carrier to keep a plant in Indiana open.

The same plant that just announced 200 job cuts.

Obama’s Fault?

“It’s Obama’s Fault” say social media conservatives. Which president and which party urged bipartisan action to bail out the automakers? The answer is most noteworthy. To find out, download General Motors Plant Closings Ruin Trump’s Day-Bob Davis Podcast 783.

Bail Outs and Picking Winners

Finally, do conservatives believe the government should use tax dollars to bailout companies that are failing? What about higher taxes on companies as well as trading partners overseas? Furthermore do republicans believe the government should borrow money to subsidize plants for Elon Musk? Or stadia and other local building projects in cities?

In conclusion we can only wonder where all this leads. Isn’t it more like Italy in the 1920’s than the liberty and freedom we associate with the United States? That is a question especially for republicans?

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General Motors Plant Closings Ruin Trump’s Day-Bob Davis Podcast 783

News-Information Vacuum-Personality Cults-Propaganda-Podcast 731

I find it more difficult these days to talk about breaking news. Propaganda passes for actual news. Find out more in News-Information Vacuum-Personality Cults-Propaganda-Podcast 731.

Attack or Leaping To Defend

In addition correspondents are on the attack or leaping to defend the president’s summit with the North Korean leader. Furthermore, rather than report on the economy talking heads assert there is a ‘boom’ without new GDP numbers to support their contention.

The Narrative Is Controlled By The Wizard Of Oz

What happened to news reporting? Now the narrative is controlled by the president. Media personalities seeking relevance are expected to defend Trump’s increasingly bizarre assertions or say he can’t do anything right. Moreover the media seeks to predict elections before they happen.

Twitter and Catfights

Moreover, newsrooms don’t cover issues.

Reporters cover twitter feeds and catfights.

Since the president inflates any small accomplishment as a world beater it’s especially relevant to talk about actual results.

Results? We Don’t Need No Stinking Results

What are the results of the Trump-Kim meeting? The so called booming economy? The draining of the ‘swamp’? Find out in News-Information Vacuum-Personality Cults-Propaganda-Podcast 731.

Trump Political Vacuum

Welcome to the Trump Political Vacuum. You’re either defending or attacking Trump. Everything else is fake news. Trump is the antichrist. Trump is under the protection of God. The president is a child, or playing “four dimensional chess“. Take your pick. There’s no in between.

Welcome To the Delusion

In conclusion people suffer in the vacuum. Finding a good source is almost impossible. Discerning what’s real and opinion is even more difficult.

So, we live in a dreamworld of delusion.

Finally without facts surrounding an event a free society cannot make informed political choices. I can identify two times in history when it was this bad. Neither ended well. Moreover, this kind of situation erodes the foundations of a free society.

(Editor’s Note: These days in these rambling podcasts sometimes I make confused references. This time I made a reference to the Berlin Wall falling ‘in 1983 or 1984’. Of course I know the fall of the Berlin Wall occurred on November 9th, 1989. Subsequently the Soviet Union collapsed in December of 1991.)

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News-Information Vacuum-Personality Cults-Propaganda-Podcast 731