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.

That is to say the meltdown of at least three banks this week sent shock waves through the financial community.

And allowed You Tube financial geeks and politicians the opportunity to scream fire in a crowded auditorium.

Certainly bank closures at any time are cause for concern.

But there’s a reason for these developments.

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.

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.

On the other hand greater concerns about the US Economy are beginning to be top of mind.

Most importantly these concerns are not unfounded.

To clarify the US is dealing with inflation which requires higher interest rates.

Subsequently we’re seeing the effects of these higher rates.

Mainly because businesses aren’t prepared for this.

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.

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.

And for politicians to politicize financial events they don’t necessarily understand.

In conclusion this is a precarious moment in history.

Most certainly because of the weight of the moment there’s a lot of pressure on those who have to make the decisions.

For example my personal hope for cheaper fuel!

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