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 . . .

25 comments:

Anonymous said...

If you have saved during good times, the bad times won't be so bad.

Anonymous said...

^^^ That assumed the government won't tax it all away. Assuming the government will behave rationally has never worked for anyone before.

Anonymous said...

Great book, read it in 8th grade at a KC public school in the urban core. It's sad to think that the standards probably declined so greatly that after 30 years it's probably not even taught in high school any longer.

- Garnish

Ragaz said...

Far too much worry here, the government will simply engage in "quantitative easing" to get the economy back on track. That's way better and totally different than just printing more money and making it all worthless. Sleep easy, it's going to be four more years of prosperity!

Anonymous said...

Trump's Wall Street tax cuts, trillion dollar annual deficits, higher taxes on imported consumer goods and manufacturing materials, agriculture exports cut off, GDP at 2% annually and dropping, no new trade deals, records student debt, no great paying new jobs, wages still stagnant, the middle class still living paycheck to paycheck...

This is the best economy of all time? Please. We are sick and tired of "winning" from this failed president.

Anonymous said...

^^^^ Almost agree if it wasn't pretty much the same bag under the Obama administration also.

Tells is like it is said...

As usual, blame Trump for the boondoggle expenditures this typical dumbocrat run shithole city cannot seem to resist.

Greenline, bike lanes, toy train, fire dept politicos, property tax bump, airport, Jazz district, hotels, P&L, MLK, ad nauseam.

Infrastructure, oh no, no money left for that. All Trump's fault. Poor Sly, Quint and Frank, and the entire shitty council!

Maybe bump Etax to 5%, and get a PreK tax going, things would get better.

Cgc said...

KC e-tax is the strap on which JoCo secretly asks for in order to feel right.

Think about it.

Anonymous said...

MAGA PABs, MAGA!
Oh, and go COFEFE yourselves!

Anonymous said...

The doom can has been kicked down the road since the 1960s, they'll keep kicking it. China and Europe will tank before we do. Trump is trying to equalize trade we have been giving away for the last 50 years. The world should be thankful for the hand up. Now it's time they stand up. MAGA

chuck said...

It was the best of times for the Protected class, it was the worst of times for the evil white patriarchy, it was the age of the main stream media, so it was the age of "dumbing down, it was the epoch of blind belief in race, Russian and climate change hoaxes, it was the epoch of incredulity, it was the season of murder in Democrat cities, it was the season of Darkness, it was the spring of hope for freeloading illegal immigrants, it was the winter of despair, demographic change meant that Progressives had everything before them, we had nothing before us, we were all going directly to a hell on earth, called Detroit.

Gotta love the classics.

Keep in mind, that the novel ends up with the Reign Of Terror, brought on by the Left Wing Idiots who took over in France.

Anonymous said...

^^^^^^Way NWOR.

6:05: What you see as a hand up many see as an extended middle finger.

Anonymous said...

I know it's tough to watch your generation go down the tubes chuck but get some popcorn.

Also don't burn my fries today

chuck said...

7:01 and 7:07, the closest you two retards ever came to reading "A Tale Of Two Cities" was watching your mom's porno tape, "A Tale Of Two Titties".

Eat shit.

Anonymous said...

The liberal media is trying to scare people about a recession despite unemployment being at 3.7% - the best in 50 years! Unemployment is the best ever for African Americans and Hispanics.

Anonymous said...

Trump 2020

Anonymous said...

MAGA! Well it only took Trump three years to ruin Obama's economy. He is treating our country like one of his bankrupted companies. MAGA!

Anonymous said...

Obama's economy?


LOL good one that's really funny.

Anonymous said...

Let the fckers eat cake.

Anonymous said...

Cake eaters from Southwest High .

Anonymous said...

There's no recession coming but MSM is trying everything they can to make trump look bad even if it means scaring people into thinking we're heading into a great depression. They'll focus on short term stock market losses rather than zoom out on the chart showing the market is up 16 percent for the year and up 49 percent since trump took office while it was stagnating 0 for the years before that.

Check for yourself if you don't believe: https://money.cnn.com/data/markets/dow/

But there's a lot of people who don't like trump so they'll lie to themselves and lie to others to make it look like the world's going to be ruined

Anonymous said...

^^^^^And the big bear said to the little bear, "Who's been sleeping in my porridge?"

Anonymous said...

@10:56 we don't believe you. The market did not stagnate under Obama you idiot. You know you can google what the DJA was on Obama's inauguration, and what it was on his last day in office don't you? If that's stagnation, sign me up! That lie renders everything you wrote irrelevant. You're fake news! Now go back to Faux News and get some more talking points dummy, cause you just got run off here! TTFN shit-eater!

Anonymous said...

Trump is the one in a panic about the current slowdown and coming recession.

The bonehead today tweets to beg the Fed to lower the interest rates to zero and lower.

Yes, Trump actually tweeted he wants negative interest rates from the Fed.

So he is pushing for a policy that will tax every dollar in your savings. Not only do you earn no interest, you have to pay the bank for keeping your money there.

Maybe Trump could shoot someone on 5th avenue and get away with it, but I don't think even the cult of MAGA is going to go for monthly taxing their nest eggs. Good luck with that. Stable genius and big brain he is not.

Anonymous said...

And Trump thought he could refinance the national debt. He may be the only person in America that doesn't know Treasury bonds are not callable.