Once again our blog community is FIRST to provide a bit of news that should impact primary season at the courthouse.
PROPERTY TAX SEASON IS UNDERWAY AND ALREADY LOCALS ARE NOTICING SPIKES OF AT LEAST 20% DESPITE HISTORIC INFLATION!!!
This is bad news for incumbents.
Moreover . . .
This quick post offers a brief reminder about property taxes amid an upcoming recession which threatens to shift some of the election hopes & schemes of local political players.
Read more via www.TonysKansasCity.com links . . .
The Federal Reserve's determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder.
Financial markets closed out the week with yet another head-spinning day, with one of the main indexes, the S&P 500, plunging for almost three hours into bear market territory, signifying a drop of 20 percent or more from its prior record.
St. Louis Fed President James Bullard does not expect a recession in the U.S. this year or next unless there's a "really large shock" to the economy. "Recessions would have to come because there's some really large shock and I can't rule out that there would be some really big shock.
To tame the recent inflationary spike, the Federal Reserve signaled it will continue to raise interest rates. When rates are high, consumers get a better return on the money they stash in a bank account and must shell out more to get a loan, which can trigger them to borrow less.
The mortgage lender says that even a hot housing market won't be enough to stave off a modest recession hitting the U.S. in 2023.
If Leo Tolstoy were writing about today's business conditions, he might have noted that happy economies are all alike but every unhappy economy is unhappy in its own way.
Stock investors are positioning for a recession. A monthslong selloff in the stock market has accelerated lately, with the pain spreading beyond technology shares and speculative corners of the market. Recently, even consumer-staples companies, which had been relatively shielded from the turmoil, have taken a hit.
Developing . . .