Let's start by defining terms.
For those who don't know . . .
A dead cat bounce is a short-term recovery in a declining trend that does not indicate a reversal of the downward trend.
This trend comes from the stock market wherein the smart money takes their profit and/or loses and quickly exits following a precipitous collapse that's NEVER going to get better.
For those of us who call Kansas City our home, this moment demands renewed skepticism and harder work to distinguish real progress from vapid self-serving hype or outright propaganda.
Sure, there's a lot of basketball hope at the outset of this weekend but close readers of this blog have noticed and identified bad news on the horizon.
For instance . . .
Money line . . .
"At the end of 2020, the Kansas City Council voted to forgive about $400,000 of a nearly $1.2 million loan to the National Association of Basketball Coaches Foundation for cost overrun during construction of the T-Mobile Center. The city also promised to invest $250,000 in improvements over five years."
And now, some of our more hapless members are council are surprised that the group still wants out of their sweetheart deal.
Accordingly, we turn to the most loyal readers of our blog community who might also wonder if this town is bouncing back via b-ball or just running out the clock as the downward spiral of this town continues.
Check the links . . .
Developing . . .