Right now American economic leaders are attempting to convince voters that the US can avoid recession which almost always follows dramatic interest rate cuts.
And so . . .
The odds are very good that we're looking at another American economic downturn, most likely after the election.
Accordingly . . .
Economic woes aren't the only challenges ahead as TOP ECHELON INSIDERS offer their cautionary perspective on what will soon confront out beloved cowtown.
Check-it . . .
The Fed did VP Kamala Harris a huge favor by cutting interest rates, the move was almost unprecedented actually, substantial rates cuts during election season are exceptionally rare in American history.
But the relief is only temporary.
More important than interest rates, locals want to keep looking at job numbers and all of the layoffs that keep piling up. In KC we're watching major employers like GM, Honeywell & Oracle continue trimming employees with very little prospect of those workers finding high-paying replacement work.
Couple that with the Mayor & Council seemingly powerless to curb a property crime spike that seems to be spreading to other parts of the metro.
Crime in KC has always spiked during the holiday season and this time around we're looking at a worsening economy and softening job market that threatens to exacerbate local desperation.
Finally . . . No matter how this election turns out there will be some element of frustration that might or might not translate into civil unrest.
Basically . . .
It's going to be tough out there in the last part of the year and Kansas City should be prepared for it.
There's no reason for anyone to panic but, at the same time, the news is mostly focused on campaign rhetoric and trying to influence readers/viewers one way or another.
It's important that more informed people think about things from a global perspective and realize how all of these factors might impact our very near future.
And so . . .
All of this inspires our morning reading with current references about the economy and a few reports that we've saved regarding the local big picture on crime and the threat of political violence.
Read more via www.TonysKansasCity.com links . . .
Yellen, Bernanke see the US economy avoiding a recession
The two figures who preceded Jerome Powell as chair of the Federal Reserve indicated in separate remarks Thursday that a soft landing is likely for the US economy.
Bloomberg's chief economist shares why there's a 70% chance the US economy is recession-bound - and warns a stock-market sell-off could sink consumer spending
"I don't think we have tested the resiliency of the consumer," says Bloomberg's Anna Wong.
Risk of recession in the US remains 'elevated': Economist
S&P flash US services Purchasing Managers' Index (PMI) for September came in at 55.4, slightly above economists' expectation of 55.2. Meanwhile, the S&P flash US manufacturing PMI for September was 47.0, which was weaker than the 48.6 economists were expecting.
Americans running out of unemployment benefits and part-time jobs at record levels point to a recession coming, economist says
Part-time gig workers are making the job market appear stronger than it actually is, according to Danielle DiMartino Booth.
Kansas City crime rises as police enforcement drops to record-low levels
(The Center Square) - In the city of Kansas City, violent crime is rising while police enforcement has dropped to record-low levels.
How Bad Will Political Violence in the U.S. Get?
Civil war is unlikely, but other alarming scenarios are quite possible.
Developing . . .
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