Kansas City Confronts Recession 2023

The truth is . . . Harsh economic times are already impacting Kansas City.

Now things look like they're going to get even worse. 

We mention this not to spark fear . . . We have confidence that tough people will make it through harsh times as they always have . . . However . . .


Like it or not . . . KC is part of the global economy and we're already feeling pressure from market forces across the planet.

Check this overview that attempts to find balance . . .

Major institutions remain divided on whether a downturn is imminent. Banks offer a range of scenarios - from predicting that the economy "just skirts" a recession (Morgan Stanley) to saying one is "very likely" to begin in the first half of 2023 (Bank of America).

"I don't think anyone knows whether we're going to have a recession or not - and if we do, whether it's going to be a deep one or not," Fed Chair Jerome H. Powell said at a news conference last month. "It's not knowable."

Translation . . .

Hold on to your hat . . . This recession is going to get bumpy. On the bright side, those of us on the very low end might not notice it given that things are already pretty awful for the working poor.

Read more via www.TonysKansasCity.com links . . .

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Developing . . .