Wednesday, November 29, 2017
Kansas City Late Night Money Talk
For our shift worker pals and those who are very early to rise, we offer more deets on the sordid topic of coin amid the annual holiday season cash crunch.
Here's our favorite notes on the topic of the Bitcoin bubble:
The Verge: NASDAQ plans to let investors bet on Bitcoin’s rise and fall
The Independent: This bitcoin boom will end in tears – take it from someone with a long career in economics
Salon: Nobel-winning economist Joseph Stiglitz warns of Bitcoin bubble
Recode: Bitcoin is at $10K — and that’s just the beginning of how it will revolutionize money
CNBC: Bitcoin, once 'sketchy,' becomes more mainstream
Closer to home . . .
SPECIAL THANKS TO OUR KICK-ASS BLOG COMMUNITY READERS KEEPING TRACK OF ECONOMIC DATA CLOSER TO HOME!!!
The Fed Beige Book for November was recently released and here are a few local highlights with our wacky and mostly cynical insights to keep it light . . .
Celebrate Kansas City Modesty!!!
"Economic activity in the Tenth District (Kansas City) increased moderately in October and early November, and most sectors expected continued moderate growth in future months."
Kansas City Now Hiring Wage Slaves!!! OR Kansas City Is For Hustlers!!!
"Respondents noted a shortage of commercial drivers, skilled technicians, and service workers."
Kansas City Discount X-Mas Coming Soon
"Consumer spending activity was mostly flat in October and early November, while expectations for future growth increased at a moderate pace. Retail sales increased moderately over the previous survey period, and remained above year-ago levels. Several retailers noted an increase in sales for lower priced and discounted items, while higher-priced products sold poorly."
Fact Check On Those FAKE 25-Million Kansas City Tourism Numbers
"District tourism activity was slightly lower than the previous survey and below year-ago levels."
No Shame In A Kansas City Love Shack
"Expectations for home sales were modestly negative in the coming months. Sales of low-and medium-priced homes continued to outpace sales of higher-priced homes."
For Those About To Buy The Farm
"The District farm economy and credit conditions continued to weaken since the previous reporting period, but the pace of the declines slowed. Farm income remained weak in November"
Read the whole thing . . . Because there's more "hard data" (heh) from this big money group than any of the local developer-connected media outlets attempting to sell their readers on hype/hype.
You decide . . .
Hopefully, more for the morning update: STAY TUNED!!!