Recession-Warning-Media-Confusion-Bob Davis Podcast 855

What Is All This Talk About Recession

These days it’s hard to tell who to believe. In many ways it’s the best economy ever. The best time to look for a job. An unprecedented economic boom. Why is everyone suddenly talking about a recession. Learn more in Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Not Making Predictions

First of all I am not here to tell you the economy is in the tank, or that it is booming.

Recession! Depression! Do I have Your Attention Now?

Truth is if you put the words recession, bust, or depression in an article you’re going to get people’s attention. In addition it doesn’t hurt to have a couple of historic drops in the stock market.

Now that I have your attention…Listen to Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Market Drops and Yield Curves Mean New Media Story Lines

It doesn’t matter if the markets recover from those drops.

What matters is now the media has a story line that predicts doom and destruction.

Fool’s Errand

Especially relevant is a lesson I learned a long time ago. It doesn’t matter how well informed a commentator might be. Making predictions about a force of nature like the world’s largest economy, is a fool’s errand.

Shallow Expansion, Debt and Slowing Growth

Even more, it is true our economy is growing and we are enjoying the longest economic expansion in memory. It’s also true it’s a shallow expansion and that growth just above the inflation line, isn’t really booming. Moreover, the expansion is getting pretty long in the tooth, as the say.

There Is A Season

In contrast like the seasons, economies operate on a cycle. Truth is anyone who predicts a recession will ultimately be right. Just like fall into winter recessions have a purpose. Economic contractions kill off the weak plants and animals and insects so the strong and grow again in the spring.

So when the yield curve inverts and the market drops it is certainly worth paying attention.

Seems like we’re missing something though. While the politicians and talking heads trade insults about who’s predictions are right, what are we thinking about?

Election Year Economics

In conclusion what plans to we the people have for the future economy of the United States. I sat down to do a podcast on the yield curve, claims about unemployment and recession predictions. I ended up with an essay on the pitfalls of talking economy in an election year, the ballyhoo on the current economy when the real questions aren’t even being asked. Let alone answered.

It’s 1950 In America…Coal Mines and Manufacturing, right?

Where are we going? What are we trying to accomplish? What kind of economy do we expect in the future. Is it really manufacturing jobs in Ohio and Coal Mines in West Virginia?

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Recession-Warning-Media-Confusion-Bob Davis Podcast 855

 

Chaos-Confusion-Shut Down-Merry Trumpmas-Bob Davis Podcast 788

I love talking about current events. These days it gets harder and harder because of a volatile President Trump. Learn more in Chaos-Confusion-Shut Down-Merry Trumpmas-Bob Davis Podcast 788.

Genius Or Idiot

Moreover all this talk of political polarity isn’t republican or democrat. Either you think the president is a genius or an idiot. There’s no in between.

Especially relevant is the question of whether we are able to take a step back and look at recent key events with some perspective.

Economics and Diplomacy Nobody Wants To Discuss

Not too long ago I asked listeners and subscribers to think about what US economic and foreign policy should be. A presidential election and midterm election have taken place since then.

Suddenly foreign policy and economic policy are front and center. We’ll talk about it fireside in Chaos-Confusion-Shut Down-Merry Trumpmas-Bob Davis Podcast 788.

Syria and Turkey

First of all, the president made a snap decision to withdraw US Troops from Syria while on the phone with the Turkish president. In the aftermath the defense secretary resigned, as well as a senior diplomat managing the alliances to fight ISIS. Now the president is talking about withdraws from Afghanistan and Iraq. Is he right?

Combined with Trump’s executive order ban of Bump-Stocks the Syria Withdraw has usually fawning talk show hosts apoplectic.

Government Shutdown

In addition the ongoing struggle between the White House and Congress has resulted in a government ‘shutdown‘. What’s more the struggle appears to be between a Republican president and his Republican majority in the House and Senate.

Firing The Fed Head

On top off all this the president wants to fire the Federal Reserve Chairman. Concerns about economic performance are rising and finally financial analysts are writing about government spending accounting for most of the so called ‘boom’ in the US economy over the last two quarters. This is conservative republican economics?

End Of Conservative GOP

Finally there’s talk of a big split within the republican party. Moderate Republicans fighting Trumpers. Trump fighting with all of them to get a wall built along the US Mexican border. Through all of this there’s been no legislation on key matters like immigration even with republican control of the Legislative and Executive branches of the government. It sure seems like the lack of principles and republican populism is tearing the so called ‘conservative’ coalition apart.

Merry Trumpmas

In conclusion the question of whether people thought about policy during both elections is key. New ideas, and international structures are coming. If we the people don’t start thinking about what kind of country we want, and how will the next America function? Trumpmas will look like child’s play. All of this has me aching to hit the open road!

Sponsored by John D Scott Personal Injury Lawyer, Ryan Plumbing and Heating of Saint Paul, and Reliafund Payment Processors

Chaos-Confusion-Shut Down-Merry Trumpmas-Bob Davis Podcast 788

 

Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737

President Trump slapped tax increases on goods imported to the US from Europe, China, Mexico and Canada. Our trading partners retaliated with their own tariffs. Now what? Find out in Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737.

What Is A Tariff Anyway?

Finally someone has defined what a tariff is. Moreover you might be surprised to learn the history of trade legislation in the United States goes back to 1789.

These days we are awash in charges and counter charges in the media. Trade Wars and Rumors of Trade Wars. This kind of coverage doesn’t serve anyone.

1945 Looms Large In Trade Discussions

Most noteworthy is the impact of World War 2 and the advent of nuclear weapons in 1945. Since then, trade deals have been  considered central to keeping the peace and stabilizing the world.

Trade Has Been A Political Football since Hamilton

Trade has been regional and national issue in the United States in every political era. None other than Alexander Hamilton was an advocate of high taxes on imports going back to 1789.

Trump A Throw Back To The 1840’s?

Moreover tariffs were an issue in local and national politics in the US until the introduction of the Income Tax in 1913. Is President Trump a throw back to the 1840’s? Find out in Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737.

NAFTA China Mercantilism Free Trade

We hear so much in the news about trade but few of us understand it. China. NAFTA. Mercantilism. Trade Protection. Free Trade. As citizens we need to make informed decisions about what is best for each of us individually and the country. With all the noise about trade it’s almost impossible for people to do that.

Especially Relevant Today As It Was Back In The Day

In conclusion with yet another new trade bill in the offing the question of whether the US should protect its markets or open them is as relevant today as it was in 1789.

Sponsored by Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737