Tuesday, September 10, 2019
LOOMING RECESSION THREATENS TO WORSEN DIVIDED KANSAS CITY!!!
Forgive another Tale Of Two Cities reference but it was the best reread from TKC's Summer book list and it's surprising how the story line and characters remain relevant amid continued local violence and social upheaval.
Accordingly . . .
Whilst Kansas City suffers a historic spate of violence and gunfire, there remains a dedicated contingent of locals who refuse to discuss anything but sketchy development schemes, pro-sports hype, craft booze trends and all manner of hipsters pastimes.
Seriously, could a potential Kansas City "green line" or the streetcar extension or the fantasy of a successful taxpayer-funded convention hotel exist anywhere but the imaginations of dreamers or scam artists who have no real conception or willingness to deal with reality???
And so we ask . . .
HOW LONG WILL KANSAS CITY CONTINUE AS A TOWN SPLIT IN TWO?!? THREAT OF RECESSION MIGHT OFFER AN ANSWER!!!
The illusion of "disposable income" has distracted quite a few locals and good times always inspire people to abandon more pressing concerns in much the same way that the local political elite have spent the last 8 years engaged in a speculative spending spree that has left the city hall budget structurally unbalanced and desperately in need of bailout.
Brief aside, we always enjoy the cognitive dissonance of Conservatives who decry the looming fiscal disaster of KCMO but then reverse course and tout financial victory for Prez Trump & The American economy -- Fact is, KC is not an island and our economic fortunes mostly follow the course of the entire nation for better and worse.
Accordingly, here are some recent news items to consider from both sides of the debate as many fear good times are grinding to a halt . . .
CNN: Trump's approval rating slips amid recession and trade war concerns
Fox News: August jobs report showed a strong economy — and that's very bad for Democrats
NBC: Americans are piling on credit card debt, despite recession warnings
Fortune: Are We Near a Recession? The Godfather of the Inverted Yield Curve Says It’s ‘Code Red’
CNBC: The economic numbers are continuing to defy the recession hype
Fox Biz: Trump challenger Sanford -- US heading toward worst financial crisis since Great Depression
Bloomberg: Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid
As a basement blogger, TKC NEVER tells people what to do with their money . . . Feel free to keep eating, buy another $10 beer and double down on the mortgage or a big wager on Cheifs' Super Bowl chances . . . Meanwhile, there's no denying that the prospect of a worsening American financial situation will not only threaten the balance of power across the nation but also drastically impact the status quo in Kansas City which has denied economic reality for nearly a decade.
Developing . . .