Saturday, August 29, 2020
THE TKC SATURDAY NIGHT PLAYLIST!!! KANSAS CITY FED LEADER WARNS: RESURGENCE OF CORONAVIRUS THREATENS RECESSION REDUX!!!
Summer is quickly coming to a conclusion and already fear of cold & flu season sparks more important concern regarding the diminishing value of cash . . . Here's what might be the most important newsmaker comment of the week that was under-reported among local newsies . . .
CNBC: Fed’s Esther George sees risks building of double-dip recession
Deets . . .
Kansas City Fed President Esther George told CNBC she has concerns about a double-dip recession should the coronavirus see a resurgence.
Kansas City Federal Reserve President Esther George said the recession that began in February could revisit the economy if the coronavirus pandemic intensifies.
"An important risk to that outlook is thinking about what happens as we come into the fall, whether we see any resurgence in the virus that would cause an additional pullback in the economy."
Even worse . . .
The Midwest is undergoing a conronavirus surge in the midst of widespread resistance to public health precautions and biz restrictions.
Right now Kansas City counts 96 deaths from coronavirus and 8,466 lab confirmed cases.
Whilst politicos, pundits and even economic titans weigh in on the impact of coronavirus, there's growing fear of an American second wave.
Still, the pandemic has been politicized and Americans are uncertain about the future . . . The only thing we know for sure is that the plague isn't going anywhere, anytime soon. At least not until November 4th.
TKC doesn't offer any health advice BUT it's not unfair to suggest that the coronavirus will remain a fact of life into the foreseeable future and so this scary situation inspires our playlist for tonight . . .
As always, thanks for reading this week and have a safe and fun Saturday night.