Wednesday, December 26, 2018

Kansas City Economy Stays Losing 2019?!?!

A reality check amid the ongoing shut down stalemate, shifting markets and a real estate boom that might not be able to sustain $1,300-per-month studio apartment downtown rents.

Take a look:

KMBZ economist: Expect more turbulent times 2019

The economy has been in an upswing over the past few years but an exert says you should not count on steady growth in 2019. The coming year will be a tale of two economies, said Chris Kuehl, managing partner with Armada Corporate Intelligence, with the first half much like 2018 and the second turning into a rough ride.

43 comments:

Anonymous said...

Thanks Donald Trump! We. are. winning. so. hard.

Anonymous said...

Head-chopping in 2019 at Sprint may cause issues for JOCO?

Anonymous said...

^^^^ Good call.

This year will be tough for everybody who didn't inherit a lot of money from their Dad.

Anonymous said...

Anyone with any basic economic sense and education knew back in 2009 when the Fed's began QE to bail out the banks and wall street said to themselves.. uh oh here we go again. Thanks Obama!

Anonymous said...

I can't imagine how broke I would be if I paid all my bills.

Anonymous said...

I remember when Sprint first built the new corporate HQ in OP over by Town Center Plaza. It was the biggest development event for the metro at that time. It feels once the Nextel merger went through it went to crap ever since. Lots of pink slips showed up over the years. Now its going to get the biggest ax it has ever seen.


As for rentals in downtown they are overpriced. River Market west has high rental prices, and they are nice. However, they told me in response to my inquiry of the high costs that the prices were set high because that is where the market is growing. They were renting off perceived future value and not leasing on present value. Now RMW is building a new building across from them and I am not sure what they plan on charging.

The problem with KCMO is how chopped up it is by the highways. River market district is its own enclave from downtown cut off by the highway. You really need to be careful where you choose to live in KC. Its nice little pockets here and there surrounded by crime and blight. Other cities have much larger areas that are not cut off. The violence of KCMO is just too close to downtown for it to not spill over so much.

Anonymous said...

The 25 million tourists, downtown hotel, more subsidized luxury apartments and of course the toy train will save KC from any economic issues.

Anonymous said...

@11:02AM seems like you lack the basic financial economic sense you bemoan. QE began in November 2008 because the economy cratered under the Bush administration. You can thank Bush and Greenspan for that bubble economy. (i.e. unregulated securities sold en mass to unsophisticated banks, rampant speculation and greed, you know standard Republican policies). The more you know!

Anonymous said...

Right but the fact remains the same shit basically happened during Obama's watch. Grossly overinflated asset values, etc, etc. Obviously unsustainable but the Dem's encouraged it anyway.

Anonymous said...

Would love to explain how the orange man will explain the trump depression.

Anonymous said...

^^ Easy. Fed raising interest rates when not at all warranted. Next, traders are taking their profits and the rest are scared of the incoming Democrats and their obstructionist ways and policies.

Anonymous said...

^^Wrong. Manipulated rates at zero for far too long, when GDP surpasses 2.00% is every bit "warranted". You must have gotten your economics degree at Trump University, because like your knowledge of economics, it's worthless. Blaming the decimated stock market of the "fear" of democrats is lazy, stupid and downright wrong. The real culprit is a useless trade war in which tariffs were imposed and a President who has zero fiscal policy and business sense. There, I fixed it for you.

Anonymous said...

You can thank the Cunningham era geniuses for the downtown highway noose that cut the shit out of the neighborhoods of central KC e.g. columbus park, west side, Humboldt etc etc. The same geniuses who put our airport in Iowa. Pendergast gets a bad rap but his graft-y improvements all look pretty good (municipal auditorium, city hall) and at least the money sloshed around in local pockets.
Radish

Anonymous said...

Pssst. Hey, anti-Trump chicken little. Looks like DJIA is up quite a bit today. Oh noes! You'll need a new rabid critique. I'm sure it'll be as funny and as predictable as any other you offer. ;)

Anonymous said...

^^Psst Hey shit-for-brains, worst December market since the depression. 2018 worst year for markets since 2008. Oh no! You'll need to take Trump's dick out of your mouth to give us your Trump University market analysis!

Anonymous said...

@12:35


What decimated stock market? Who's your advisor Suze Orman, Kai Ryssdal, Jim Cramer?

Anonymous said...

@1:31 PM

Don't blame us for your bad (as in lousy) investment decisions.

Anonymous said...

The DJIA on 1/5/18=25,295. The DJIA on 12/24/18 21,857. Good job Trump!

Anonymous said...

@1:31PM aka Trumpkin. Make sure you let us know when the Dow gains back the 4,000 points it lost this year under Trump. a little 600pt gain today, only makes back what it lost on a half-day of trading on Monday. Math is hard, ain't it Trumpkin? :(

Anonymous said...

Tsk tsk. So unhinged with your Trump obsession that you don't know who to attack.

What is it like being in love with Trump? I didn't vote for him and don't obsess over him but you...I mean wow. He lives in your head rent free every minute of every day. :)

Anonymous said...

^^^^ explain how Barry couldnt get past 14,000, until then, stfu. By the way I’m doing very very well with my investments over the last two years, how are yours doing?

Anonymous said...

Strawman fail, I can take or leave Trump. But you...sheesh. How long have you had these fantasies about the Prez? Did you think of Obama's weiner too?

Anonymous said...

2:14 seek help for your trump derangement syndrome

Retro ROCKER said...

11:02 IS ON THE MONEY. TONY'S READERS Have been saying this for a number of years. And there will be a few hotels Downtown that will not make it. Over Built Hotels. And fewer tourist .Set back and enjoy the show .

Anonymous said...

@2.15PM Dow on January 2009(Obama in office)=9,034. Dow on December 30,2016(Obama leaving office)=19,762. So you fucking retard, Barry DID in fact, get it over 14,000(these numbers are on the internet you fucking dope). Looks there was also 10,000 point gain under Obama too boot.

Dow on Jan 6, 2017 (Trump in office)=19,963. Dow on 12/24/18(last business day of Trumps current tenure)= 21,857. So not even a 2,000 point gain in two years of Trump. So your investments are not doing very well at all you fucking liar. Since you asked shit-bird, my 401(k)is down about $25,000 this year, (Dow is down 7.4% YTD) but since I deal in real money not Monopoly money like you, and I own real stocks, not made up ones like you, my investments are not doing so well. Now class is dismissed you fucking liar.

Anonymous said...

12/26 - Dow soars 1,000 points, biggest point gain ever.

Anonymous said...

^^^ Trumps fault


LOL keeping in mind that the stock market isn't the economy as so many NPR yuppies believe.

Anonymous said...

@3:07Pm- The Dow was down 464 points on 12/20/18. The Dow was down 414 points on 12/21/18. Dow was down 650 points on 12/24. Over 1000 today. Big deal retard..it's still a shitty market. Thanks Trump!

Anonymous said...

@3:21

You need to find a better investment advisor who knows what he's doing.

Anonymous said...

Whats Sly and crews Plan B in the event of an economic downturn?


There is no Plan B.

Anonymous said...

“All three major exchanges posted their largest single-day point increase on record.“

3:21 read it and weep soy boi, get an effing life loser!

Anonymous said...

TRUMP IS DERANGED

He is also a career criminal and narcissistic sociopath. He will soon be headed to prison with his lackeys.

Anonymous said...

^^^^Worst December market since the depression. Read it and weep geezer. Maybe if you had some money in the market instead of being a taker in our society, you might know that. Now go back to the tax-payer subsidized nursing home you reside in.

Anonymous said...

@3:31PM you need some real money. That pile of Monopoly money you have is worthless. It's about as worthless as your economics degree from Trump U.

Anonymous said...

@3:31PM who is your adviser-Bernie Madoff? There are no market gains for the year. Hahahahahahaha

Anonymous said...

We're going to hire some pretzel cooks next year. Our pop up pretzel stands (artisan) will keep the local economy booming.

Anonymous said...

Oh shit! @3:41Pm-Shots fired...shots fired! Geezer down @3:37PM, geezer down!

Anonymous said...

You bet on Barry saving the day didn’t you, hurts that the Great President Trump rode in and cleaned up the disasterous tenure of a failed Obama presidency, it’s ok, your wounds will heal if you quit picking at them, and by the way. Eating your scabs is disgusting!

Anonymous said...

STF Do You realize how fucking stupid you sound ?

Anonymous said...

Stay down geezer! Stay down!

Anonymous said...

Trump's policy of huge tax increases are killing us.

Anonymous said...

^^^ that’s funny right there!

Anonymous said...

Geezers never die! It’s impossible to kill us off!! WE RULE THE WORLD CHUMP!