Tuesday, November 27, 2018

TKC QUESTION: HOW WILL KANSAS CITY COPE WITH PREZ TRUMP RECESSION?!?!



Harsh economic times hit every White House Administration and now it looks like Prez Trump will confront a U.S. economic downturn sooner rather than later. Meanwhile, Kansas City government, media and biz are typically slow when dealing with financial reality and a recession has the potential to create local havoc.

To wit . . .

IS KANSAS CITY PREPARED FOR THE PREZ TRUMP RECESSION??!?!

Two areas stand out as exceptionally vulnerable to any real economic difficultly . . .

Developer Subsidy Switcheroo???

KCMO has been giving away tax breaks and cash to speculative deals for almost a decade. These projects ramped up during good times but now a debt and money crunch will leave this town holding the bill for a great deal of far-too-optimistic schemes. A recession requires a bit more conservative approach with subsidies and it's unlikely 12th & Oak will be able to switch gears.

Housing Hot Mess Cont'd

As an example of politicos late to the game as always, KCMO is now slap fighting over housing policy at the end of a real estate boom. Current checks & balances threaten to discourage development in blighted districts and, in fact, as an economic downtown takes hold, policies inspired by social justice advocates will mostly work to enforce poverty on blighted communities.

While residents can't expect City Hall to understand complicated economic lessons, at the very least it's important to recognize reality whilst politicos attempt to blame and politicize money growing tighter and/or more scarce.

Check the links:

The Week: How to spot the next recession

CNBC: Economists see the Trump economy slowing drastically next year before a possible recession in 2020

YF: There's a 30% chance of a recession in 2020, Morgan Stanley says

The Street: Recession Could Hit a Vulnerable U.S. Economy in 2019

Atlantic: Is a Recession Coming?

The Next Recession Is Coming: Here's How To Protect Your Portfolio

Seeking Alpha: China Is In A Recession

Harvard Biz Review: What Sales Teams Should Do to Prepare for the Next Recession

You decide . . .

47 comments:

Anonymous said...

I wouldn't call it the Trump Recession, more like the "Blue wave Recession" - There's a good one for you Tk, started right here first on your blog!

Anonymous said...

For some people, the great recession never ended, just a lot of money by the upper classes being thrown around is what the KC and national economy should look like to most.

And said...

Trump hung his hat on the market, now that it's going down, of course he's going to blame somebody else. Nothing is ever his fault. That's why he needs to get out of office after the Mueller report describes the problems with his administration.

Anonymous said...

Hillary/Trump 2020?

Anonymous said...

With KCMO government, it's really pretty straightforward math.
Less revenue and increased interest rates on a very large pile of debt.
Sly will be long gone.
Good luck to the next mayor and council.
You've drawn the short straw.

Silvestor orgalthorp said...

There is simple way for individualis to deal with any recession: when times are good dont waste your money. Get out of debt and save money. Thats something government should do but doesnt

Cee Bee said...

@9:39AM. Yep. Trump took the credit for the good economy. Because he deserved it. The economy has slowed, but it is still doing better than 90% of the time under Obama. Yes, the markets have seen a downturn, but the smart money was factoring a Democrat Congress. So own it. You idiots have been trying to talk the market down since Trump won. Did you really think the capitalists on Wall Street were going to rally with a bunch of Socialists now in the House? Not likely. You guys want to kill the Goose that laid the Golden Egg. Look no further than Venezuela for the conclusion.

Silvestor orgalthorp said...

Cee bee. Agree some what. But economies also go in cycles

Anonymous said...

Economy is doing great. Life is good. Seems like most people just hear that there could be a recession coming so they just believe it and don't actually understand things are actually pretty good.

With that out of the way, KC the city has managed itself poorly. Hundreds of millions on a boutique train that will never get expanded, money for the open spaces art bullshit event at a park no one will ever go to, 18th and vine money hole, deadly highway 71 that should have been I-49 and receiving federal money. There's like 500 other things that don't involve trump in anyway that have eroded this city over the years

Anonymous said...

Cee Bee - "talk the market down", is that a technical term? Almost everything was trending positively from Obama on, Trump inherited this and he's doing his best to shit on it. Things like the market, are truly cyclical....but the asshole in charge likes to take credit for it.

Anonymous said...

@10:16, I call BS!
Trump did jack shit for the economy, he just managed to ride the coattails of the Obama Recovery for a year, and stick some more cash in his and his rich friends pockets, running the Deficit sky-high.

Recessions (and their big brothers, Depressions) are what Republicans do!
Every Republican President since Teddy Roosevelt has put this Country into at least one, with a few (Eisenhower 3, Nixon 2) managing to create more than one. Two of them, Hoover and Reagan, managed to damn nearly destroy the US Economy completely!

The best we can possibly expect is that this next one is JUST A RECESSION!

The Market runs on reality, and it knows damn well that "Voodoo Economics Tax Cuts" do nothing but remove money from circulation, since the rich beneficiaries don't put their money in the Economy, they manipulate OPM (other people's money). Shifting the cost of Government further from the Wealthy to the Productive Classes removes money the Productive would otherwise spend expanding the Economy.

Read Keynes, don't just accept what you are told that he said!

Anonymous said...

Economists have predicted 10 out of the last 2 recessions.

Anonymous said...

Only the Mafiea's Equity Fund will save real estate in Kansas!

Anonymous said...

Deny it was the Obama Bubble that caused the crash most likely.

Anonymous said...

Just keep running up your credit card debts and you can attain the illusion of prosperity.

Anonymous said...

10:37 You are an idiot. The markets tanked because the Socialist took over the Congress. When the remaining Americans figure out the Democrats are only for division and free stuff they will re elect Trump and give both houses to the Republicians in 2020. The market will climb and the split in the Socialist Pinko party will grow to the point that the Democrats split into two parts by 2024 or loose all respect from happy working Americans of all persuasions. MAGA

Anonymous said...

It's totally fucked dude, Jusus left Troost and heading for Prospect.

Anonymous said...

Obviously Sly and City Hall have no Plan B for the banquet of consequences getting ready to be served up.

Bartender and Latte making is no substitute for the manufacturing base that got KCMO though most recessions in the past.

Anonymous said...

good times? What good times? You'd have to be a complete idiot to think wow the economy has recovered from the great recession!

Anonymous said...

Idiots. Obama killed us with regs, 1% GDP, told us "Those jobs are never coming back" and believed in a zero sum economy.

There is a hell of a big difference between Main Street and Wall Street.

Job growth is out of sight, and all economic indicators are good. The Fed, a tool of the Deep State is trying to raise interest rates in the hopes of, as you scum bag Progressives want, exactly like Bill Maher wished for, on live TV, in front of cameras, a "Good Recession".

That's because Progressives are either already rich, or government workers, or on the dole, so they don't give a damn about the economy. They are ok, if their is a recession, one that they wished for, that puts their neighbors out on the street, just so they can retain power.

Progressives are the immoral, unethical, scum bags who only care about themselves and hate America.

Anonymous said...

^^^^So, have "those jobs" come back?

And 5% is the historical norm for interest rates. The Fed is trying to get them back to normal.

Fox News much?

Anonymous said...


If it happens blame part of it on GM and Obama with his bailouts. Now GM wants to lay off people and move to China with their electric cars. Pretty crappy after Obama helped BIG BUSINESS rip the country off and then turned around and poked us in the butt!

Anonymous said...

The Equity Investors Are Coming Said: Trying to blame this shit storm on one President or another only diminishes the power that cities have. Dealing with deregulation is a real problem. Outside investors can come in and buy debt and have every retired person bankrupt in ten years by forcing the city to raise income taxes for the the infrastructure that's required for this massive build up.

Anonymous said...

Blue Wave recession? But TKC denies a blue wave happened. You can't have it both ways.

Just one more example of head I win, tails you lose. Trump takes credit for every market uptick and blames others for every down day.

Sorry, you own the whole mess. Fake numbers and all.

Anonymous said...

1:39 Yes, you myopic, blinkered Fascist fuck, they have come back and are continuing to come back.

https://www.marketwatch.com/story/heres-why-manufacturing-jobs-growth-has-been-so-strong-2018-08-03

https://www.industryweek.com/economy/reshoring-rise-what-it-means-trade-debate

https://www.forbes.com/sites/chuckdevore/2018/10/16/the-trump-manufacturing-jobs-boom-10-times-obamas-over-21-months/#6ddb761d5850

Anonymous said...

^^^^Is it possible to be both a "fascist fuck" and a progressive who is "immoral, unethical, scum bags who only care about themselves and hate America?"

Maybe you need to take a break from faux news before it rots your brain. On second thought, it may be too late.

Anonymous said...

^^^ hey dipshit, none of those links are from Fox News, you’re an idiot

This blog is funny said...

Wrong. Facts matter.

This blog is funny said...

So it’s the dems that caused GM to close 11 manufacturing facilities and not trump’s trade policies...hmmmm. Wrong again skippy.

This blog is funny said...

Have you felt the massive tax cut yet? Hmmmm...didn’t think so. Get out of your Obama hate, educate yourself then turn off faux news. It’s rotting your mind-all that hate and propaganda isn’t good for you!

Anonymous said...

^^^That's the ticket! I'll switch right over to PMSNBC, or maybe CNN (the Communist News Network). No hate or propaganda there!

Anonymous said...

4:02 Liar. GM is kicking ass. People are not buying cars, they are buying SUVs and Pick Ups.

You liar. MFG needs to move back to the US and that is what Trump is pushing for now. To refit those factories to make what customers want.

Liberal liars.

Anonymous said...

^^^^I'd say the faux news is that the economy is humming along. Real estate has slowed. The stock market is not surging. I was at a Walmart on Black Friday to pick up an order, and it was anything but crowded. Open your eyes, guy.

Anonymous said...

Two years of Trump and higher taxes on goods - and the trade deficit has gotten worse. Manufacturing layoffs continue because of Trump's tariffs. Maybe the farm bailout will help :) MAGA!

The US trade deficit widened to USD 54.0 billion in September 2018 from an upwardly revised USD 53.3 billion in the previous month and compared with market expectations of a USD 53.6 billion gap. It is the highest deficit in 7 months as imports rose 1.5 percent to a record high of USD 266.6 billion. Exports also increased 1.5 percent to USD 212.6 billion. The trade gap with China set a new record despite US tariffs.

Anonymous said...

Fucking Democrats took over the House.
It is their fault.

Anonymous said...

Chinese are OK with living 5 in a room to make craps that American buys and throw aways for instant gratification, consumer obsessed culture.

Anonymous said...

Stupid to blame the Democrats because the Democrats have been in bed with Wal Street for 40 years now. Where did Hillary Clinton go to work after she left Secretary of State? Where did Howard Dean come from? There's only one political party in this country and it's the party of money and real estate and none of you fucks are in it. So fuck off you fucking fuck.

Anonymous said...

4:02 the tax cut is giving me a much needed $120 extra bucks a month, It’s gonna be a great christmas! I also got a HUGE INCOME TAX RETURN TOO! Paid off my credit cards and I am now CREDIT CARD FREE, SUCK IT BITCH! Hahahahaha!

Anonymous said...

Barry took money away from people and tried to wipe out the middle class and the democraps were happy with that..... what’s wrong with you people? Damn you’re stupid.

Anonymous said...

^^^Well the tax break didn’t kick in on your tax return until next year, do you must not be making shit to get a huge tax return. Fucking taker, in order to get $140 extra a month you must not be making jack shit to begin with, but thanks for giving us the details of your dad and pathetic life anyway. Loser!

Anonymous said...

^^^^^And yet Barry didn’t close any factories down, or place unless tariffs on everything so it costs more. Damn repubtards, economic simpletons!

This blog is funny said...

Lol...dude got enough to buy him 3-movie passes and an extra large bag of popcorn and he’s proud of himself, lol. Yep, enjoy your crumbs 6:59 while big dogs buy another Audi on your back. $140...lol. Who’s the rube? You da rube! Lol

This blog is funny said...

GM was out of business until Obama saved them. Stop listening to State TV. Lol

This blog is funny said...

Must be magic because their control of the House doesn’t begin until January, 2019. Civics much?

This blog is funny said...

You can’t fix stupid 8:42 but I’m glad you tried doing so with 7:12...he still won’t get it tho.

Anonymous said...

Someone forgot to tell GM that Trump has spent years promising all these auto jobs were coming back.

Instead, Trump's tariffs and paycheck to paycheck economy for consumers has 5 GM factories shutting down.

What happened to "I alone can fix it" and MAGA?????

Anonymous said...

6:59 - you bullshit much? The Tax Return doesn't kick in until this year, and guess what simpleton....your return is going to be watered down by that whopping $120/month extra you got fronted. I'm not one to turn down taking home more money but my guess is your $120/month doesn't do jack shit compared to the wealthy dude taking home $1k+ monthly. He took the cookies, you got the crumbs bro, but whatevs....just to stay winning MAGA!