Tuesday, November 12, 2019

Contrary Indicator: Clueless Kansas City Star Hits Economic Uptick Amid Recession Fear

Fact is, 9/10 Americans making under $250K a year are all in the same rickety boat . . .

The Hill: Majority in new poll says US is 'likely' to hit a recession within a year

Read more from a local "institution" that has been WRONG about every economic trend for at least a quarter century:

Kansas City economy has lagged the country since recession. Is that about to change?

For many years, the economic engine of the Kansas City area outpaced growth rates of the national economy. But that longstanding trend has not held true during the years following the Great Recession. Instead, for the past decade Kansas City has lagged behind as the U.S. economy enjoys its longest ever economic expansion.

14 comments:

Anonymous said...

The time has come! Communism Now! Sanders/Buttigieg 2020!

Silvestor orgalthorp said...

The reason squirrels store acorns for winter, is because they know every year there is a recession for them
Prepare for the inevitable down turn in the economy in the good times and you won’t be outside holding a sign protesting about something that has happened every five years or so for centuries
As they say, “... the more things change, the more they stay the same”

Anonymous said...

Actually it's more like ten years or so - it usually takes that long to restore the US Economy after the Republicans cut taxes on the Wealthy and slam the Economy to a halt.

Senator Swallow-well said...

Like stopped clocks are right twice daily, recession forecasters will someday be correct. In the meantime, I love to watch my T. Rowe Price. Thanks Donald. MAGA KAG 2020

Byron Funkhouser said...

^^Lock Him Up!

Anonymous said...

^^Better yet lock that asshole Byron. He's a drain on society and a danger to it as well.

Anonymous said...

There's no reason to think a recession will hit. The anti trump people are so far gone that the want the economy to fail so it reflects poorly on trump. Not a trump guy, but that's a horrible loser mentality

Anonymous said...

^^^^^You're so very correct! It's all about hating on Trump.

Anonymous said...

Well, the article is about people's expectations, but since the truth about the Administration's manipulation of the employment numbers came out, faith in the "official facts" is about as low as it was after the truth about WMDs hit during Baby Bush's term.

Besides, the GOP Presidents have a pretty good record of starting recessions, the score is about 12-0 for the last century.

Anonymous said...

^^Ha! True dat! Trumpturds are so dumb, so dumb!! "but her emails!"......

Anonymous said...

Oh Chimpy. You try so hard. Now Horowitz is going to issue indictments about the fraudulent Russia investigation! Oh Noes!

You remember, it was the hoax before this one.lol

Retro ROCKER said...

The Conservatives are the ones keeping the economy going. Once The Donald is impeached. They will cut back on spending. Business will layoff.And the main stream media are doing there Best to bring down the economy, with this twenty four hours of impeachment hearings. Remember Seventy percent of Americans are in debt .And when credit WILL BE HARD TO GET. IT WILL ALL COME CRASHING DOWN .Oralthorp,has it right prepare. The Rich are they are hording there money cash is king and after the Depression is over they will be buying cheap real a state Cheap cars and farmland ect.

Anonymous said...

No recession coming?

Sure. The Fed always cuts rates 3 times in a year because things are going great.

Trump's trade wars with higher tariffs and taxes, and new massively increasing debt have GDP grinding below 2% and still falling. With no new trade deals, farm bankruptcies are exploding. Another coal company just filed for bankruptcy. Manufacturing jobs didn't come back.

This isn't about hating Trump. It's about the facts of his failing policies and his dismissal performance.

Anonymous said...

No, it's pretty much about hating Trump.