TKC EXCLUSIVE!!! KANSAS CITY FEARS PREZ TRUMP ECONOMIC CORRECTION!!!



The Kansas City Summer of 2018 has been filled with fake news of luxury developments and pet projects that are nothing more than presser copy pushing fantastical ploys mostly backed up by taxpayer subsidy. Sadly, the ponzi scheme that is the local real estate market threatens to suffer the same fate as the rest of the highly leveraged American economy as a market slowdown looms.

To wit . . .

THE THREAT OF THE IMPENDING PREZ TRUMP ECONOMIC CORRECTION HAS KANSAS CITY INSIDERS TERRIFIED!!!



GO Bond borrowing and so many other 12th & Oak efforts need of a steady supply of taxpayer cash and can't really operate under anything less than optical economic conditions.

A few examples:

- $15-MILLION+ worth of P&L District subsidy every year is absolutely dependent on economic good times or the price tag worsens.

- Streetcar extension is part of a bigger plan to redevelop all of the Main St. corridor. Financing this scheme will only prove more difficult when the current Prez Trump bull market inevitably slows down. 

- The hipster luxury life of Downtown & The Crossroads is now powered by loose money and upscale consumers -- Harder economic times threaten to completely decimate a development zone established during boom years.

Sadly, the situation for working stiffs is even worse . . .



The benefits of the Prez Trump economic boom haven't really trickled down upon the lower classes who mostly subsist on stagnant low wages and dead-end part-time work. As rents are soon to increase and consumer costs continually move higher  . . . Expect any economic setback to hurt KCMO far worse than most other municipalities.

Check the links:

Seeking Alpha: Will A Strong U.S. Economy Trump Trump's Trade War?

Main Street USA businesses are feeling pain as the trade war wallops farms, Kansas City Fed says

MarketWatch: Two stock-market ‘broken legs’ set stage for ‘significant’ correction: Morgan Stanley

CNBC: Traders are expecting a big stock market move soon: 'There are a lot of bets across the table'

Economist: Our cities house-price index suggests the property market is slowing

Newsweek: Where Is Job Growth in the U.S. Happening? Not in Trump's America

Weekly Standard: Is the Trump Economy Sustainable?

Conservative HQ: Will The Fed Stomp On The Trump Economic Boom Right Before The Midterm Election?

You decide . . .

Comments

  1. Trees do not grow to the sky. I think expecting some kind of slow down is smart but most people never prepare for the bad times. Politicans who play with other people's money especially.

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    Replies
    1. Hey, I'm not worried about the economic policies of a guy who has bankrupted every business he has ever run. I'm sure he's got it all figured out. He has the best words.

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    2. So you're saying I shoulnd't put all my money in bitcoin?

      Delete
  2. Absolutely more fear mongering. You're only talking about one aspect of the streetcar. If you look at the big picture the streetcar is building vital infrastructure for Kansas City in good economic times that will sustain the entire area during future economic changes. Developers come and go but public transit is a vital service to every world class city. THAT is what we're doing on main street - Making KC BEST.

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    Replies
    1. I guess there will always be work for shills.

      Delete
    2. How's your bulletproof vest fit?

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  3. Maybe some of this explains why so many KC thugs are stockpiling guns from nearby stores.

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  4. More
    Large
    Kalibers

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  5. The Left, like Bill Maher, seek, need, desperately, a slow down or a recession or they will not return to power.

    Hence, the negative, never ending news, which, is designed to tamper enthusiasm, stop investment and help bring on the slow down, that Progressives want.

    If people suffer, who cares? Progressives return to power and that is all they care about.

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  6. Go4kc, what’s going on with the rest of the city? You only talk about or show up here when toy train gets brought up, are you on the developers payroll? I think this needs to be investigated, I’ll make the call to the ethics committee today.

    Your sensitivity to something that was voted down by the citizens is alarming, I hope you’ve saved some of that kick back money because your going to need a really good lawyer to get out of this mess.

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  7. When mayor funkhouser was in charge he made sure the citizens were protected by not wasting money on developers and foo foo projects that are mostly temporary (toy train) he at least fixed things where as the current mayor and company are only interested in making names for themselves and lining pockets. We survived virtually unscathed during the recession because of funky and when it hits the fan again, and it will, we will sink straight down to the bottom, riots will ensue and the blood of the city will be on your head.

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  8. The fair weather toy train is building vital infrastructure for Kansas City in good economic times. What a joke of a statement. Vital infrastructure needed to be fixed way before the fair weather toy train was even thought of. The city needs to fix the pot holes so the pot hole pansy program can be eliminated.

    Momentum
    Loves
    Korruption

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  9. Chris, your saying the “streetcar” will save the city? Explain how that will happen? I got all day

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  10. Mayors
    Lumpy
    Kash

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  11. Go4KC "representin" the latté liberals and happy homos for their mushy-headedness and luxuriously deviant lifestyles.

    If that's KC's only cushion against the on coming economic pain on the way we are in worse trouble then most.

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  12. 7:00 ask Chris what they ve been using the federal money we’ve been getting for sewers since the cleave was in office, billions were given to the city and it got spent on everything but sewers, when funkytown was in office is when we got busted by the feds and funky told them when can spend it however we want to because the cleave and barnzie baby did. Let’s just say that it ended right there.

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  13. Dem' "crows" are commin" home to roost and very soon...

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  14. Byron Funkhouser8/10/18, 7:57 AM

    I find this post reassuring. I was afraid that Tony had joined the Trump Personality Cult.

    6:55 is correct. As the ranks of the homeless continue to swell, it will be ever increasingly difficult to dismiss them as "hobos", or to maintain the myth that poverty is a self-inflicted character defect.

    It isn't hard to be a good mayor; just say no to "investments", fully fund the police, focus on neighborhood infrastructure & basic city services. Mark's narcissism, & co-dependency, were his downfall, not his Pre-Trump Conservatism.

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  15. They should be more concerned with the negative impact of the KC Royals of their poor performance on the local economy. The rest is fear mongering. Because their has always been economic cycles and their always will be. Trump has had more positive impact on the economy than all these naysayers. KC just imposed a rent increase on all poor people, not Trump. That is a negative impact.

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  16. Freudian Slip Go4KC says...

    Absolutely more fear mongering. You losers need to forget what happened in 2008. We at city hall certainly have. We're on our way to a permanent plateau of prosperity, as Irving Fisher said in 1929. You're only talking about one aspect of the fixed rail fair weather only folly. If you look at the big picture the toy train is building vital infrastructure for Kansas City in good economic times that will sustain the entire area during future economic changes. Developers come and go but public transit is a vital service to every world class city, and no major world city calls buses transit any more. That is so 20th Century. Why, have you losers seen any buses in New York, Chicago, or even lower tier cities like Columbus or Indianapolis? Nooooo! When we get those old clunky buses off the road, everyone will have to buy a car to drive to the trolley. THAT is what we're doing on main (sic) street - Making KC property owners along the route and anyone who shops at Costco, Home Depot, Office Max, or any other business along the route pay to support streetcar constructors for years to come because if you think the graft will stop at UMKC, there's a bridge in Brooklyn (where you'll see no buses) I'd like to sell you.

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  17. 7:57: MARK's narcissism???

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  18. Funky's wife brought him down.

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  19. The idea that Presidents create jobs or don't create jobs is a canard. The President can help make conditions favorable or unfavorable but that is it.
    The Federal funds promised for the KC streetcar is a perverse incentive. Would we have built it without that money? NO.
    KC is going the way of other Democrat run hell holes. High taxes, corruption, race problems, and low growth.

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  20. You people are just nasty!
    Why won't you recognize that we live in the bestest City in the World?
    Why don't you admit that Mayor James id the greatest Public Figure this Country has ever seen?
    You're just jealous that you don't get to start every workday on your knees in the Mayor's Office!

    ReplyDelete
    Replies
    1. So, you really like the taste of Sly’s butthole.

      Delete
  21. Big Tech drives the Market.

    Here is, in my opinion, an excellent article relating to my favorite, hidden cancer in the economy (Emmett Tyrell, calls it "being sick from yesterday's medicine".) phony money, by way of "Quantitative Easing".

    https://spectator.org/the-low-down-on-big-tech-consumer-sovereignty-inflation-and-other-troubles/

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  22. Ha, ha, ha, smarty pants!
    That just shows how little you know!
    Our Wonderful Mayor was born without a butthole -
    how do you think he got to be as large as he is?

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  23. The pain for mid western farmers will be temporary at best.

    China's economy is a house of cards and they, in no way, are fuckin with the US supply of oil from the US to China. Soybeans? Okay -

    This from Thomas Lifson -

    "Oil (and soybeans and other big U.S. commodity exports) is traded on global markets, which means that a Chinese tariff on U.S. commodities doesn't destroy the market; it merely shifts supply or demand to other countries:

    "The U.S.'s light crudes aren't going to go away," said Erik Norland, senior economist at CME Group. "If it's not exported to China, it will be exported someplace else, and those could be other countries in this region or other parts of the world."

    The same is true for soybeans. If China buys Brazilian soybeans instead of U.S. exports, the markets that Brazil formerly exported to will have to switch to U.S. suppliers. Instead of the predictions of disaster for U.S. farmers, the market price for soybeans in China is now rising, as Reuters notes:

    China's soybean and soymeal prices jumped on Wednesday, with beans posting their biggest daily gain in a decade, as data showing a drop in soybean imports stirred supply concerns as a bitter trade dispute between Washington and Beijing plays out."

    The shake out, for China, is negative, short and long term.

    Okay, I get it, you hate conservatives and the word "Conservative" is racist, horrible blah, blah, blah.

    Fine.

    If none of your liberal friends are looking, do yourself a favor and red this article. The guy is incredibly brilliant and his takes on the economy and ability to explain it to middle class schlubs like me, is astonishing.

    https://theconservativetreehouse.com/2017/08/30/chinas-inherent-economic-weakness-why-they-need-one-beltone-road/

    I know you guys hate Trump, but if he squeaks by all of the bullshit and politics and makes it through Impeachment efforts when the Dems win the house back, he will fuckin kill it as far as the economy goes for all Americans, Brown, Black, White, Yellow, Purple, et al.



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  24. @9:03am is right that presidents don't create jobs, unless of course, the government hires people.
    But, of course, the same is true for governors and mayors.
    Mayors and municipal governments help the economy and the private sector to create jobs by providing environments that are attractive to residents, businesses, and visitors, all three.
    That means safe neighborhoods, well-maintained infrastructure, common sense planning and zoning, a predictable and balanced tax system, affordable utilities, prudent financial management, and all the rest of the most basic services that citizens in a First World country expect.
    On that most basic of scorecards, KCMO ranks at the bottom, certainly in the greater metro.
    It has become a sucking chest wound on the region.

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  25. Funny all these people who know nothing about economics acting like a recession is coming...actually they're hoping one is coming because they hate drumpf! These people don't want the world or their situations to improve because they only want to be right. Whether you like muh drumpf orange cheeto poopy face, it's in everyone's best interest for the administration to be economically successful.

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  26. the economy is doing so well right. for most people.

    a future slowdown is, of course, inevitable.

    it could be that a 2019 slowdown of a garden variety, not a 2008 depression thing, is a normal, good thing.

    economic cycles happen.

    ReplyDelete
  27. Mayor
    Loses
    Klout

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  28. Chuck, the only problem with the arguments you make @9:54 is History.

    So far, except for the kerfuffle over Tariffs, the only economic moves Trump and the Merry Pranksters in Congress have made are the same old worn out and failed duo of tax cuts and deregulation.

    These hobbyhorses have been around since 1980 (remember "Voodoo Economics"?) and have been tried over and over with the same results. The deficit spending that always accompanies them creates a short uptick, then the economy wobbles while Inflation increases rapidly, (Stagflation, remember?), then a slump into a Recession (or in the Reagan and Bush 2 instances, A RECESSION!!!) sets in, and our Leaders either get us into another War or start devaluating the Dollar by running the printing presses at the Mint 25 hours a day.

    We've seen the same thing and heard the same song under every Republican President since Teddy Roosevelt, and so far there has been absolutely nothing to indicate that the "King Of Bankruptcies" has any other tactics to offer.

    As with so many other things, there is nothing wrong with what Republicans say, it's what they DO that harms the US Economy.

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  29. When will there be a Star investigation of the details of the cost of refinancing the Baltimore Cordish P&L bonds in 2014 as a lead-up to Sly's re-election in 2015? Reportedly fifteen million annual subsidy lowered in 2014 and 2015 to five million dollars. Why? Only apparent reason was to help Sly's re-election in 2015. Reported cost of extending was to extend bond repayment and increase debt. Was $36 million added to $297 million Cordish P&L debt? Who besides the bond dealers benefited from this ploy? A Pulitzer Prize may await.

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  30. 11:32 Maybe.

    You are probably smarter than I am when it comes to money, but, I think there is more to it. Unseen and unexpected variables that relate to his (Trump's) independence from the uni - party.

    We will see.

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  31. common sense8/10/18, 1:40 PM

    With the defeat of Prop A, my opinion of voters' intelligence is confirmed, also after the 20 year slush fund earnings tax extension approved earlier this year. Unions will be able to continue to extract dues from all members, regardless of individual political preference, and spend their money on demorat support only. This will surely avoid any downturn in local economic health as wages are artificially held up. Voters have no right to complain. They're too fucking stupid to turn things around. Trump has nothing to do with the state of this shitty.

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  32. kc and missouri need a unifying, inspiring project.

    the maglev train would do it!

    ReplyDelete
  33. if you want to scare yourself, think about what a democrat house would mean for the stock market.

    ReplyDelete
  34. MAGA
    Loves
    KC

    ReplyDelete
  35. The coming Trump recession will make Dubya's debt bomb look like a small firecracker.

    Next years deficit is projected to top $1 trillion again. That's with a growing economy. It took Bush's great recession to hit $1 trillion annual debt during the financial crash. Rising interest rates and coming downturn when the Wall Street party stops will push it to $2 trillion annually.

    Just keep voting GOP to bankrupt the country. The Greedy Old Perverts love creating debt to line their own pockets. Trump and his cronies are making a killing.

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  36. The bubble will burst. Take care of Business and stay out of debt .Cash will be king. There will be a slow down of people buying high ticket items. And if you are in the stock market .well good luck your 401k will turn into 4k,And if you bought real a state at the top of the bubble You will be upside-down A HUNDRED thousand. AND COMPANYS CAN'T AFFORD TO PAY EIGHTY-FIVE THOUSAND DOLLARS A YEAR .PREPARE YOURSELF.

    ReplyDelete

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