Is Kansas City Ready For Economic Impact Of Iran Conflict?!?

Like it or not, global military conflict ALWAYS manifests on the home front despite the promises of politicians, generals and all manner of assorted profiteers who cynically and gleefully promote OTHER PEOPLE dying for vague reasoning that begets any use of deadly force.

A more practical concern . . . 

KANSAS CITY HARSH TIMES THREATEN TO PERSIST AMID AN ECONOMIC CORRECTION THAT'S BIGGER THAN FIGHTING IN IRAN!!!

Just a few more things to consider ahead of the ground invasion . . . 

U.S. markets are now in "correction" territory and an official recession is closer than most Americans want to believe . . . 

Again, TKC is always focused on the low-end because that's the reality for 99% of all Americans as ONE MILLION JOBS VANISHED LAST YEAR and only the most myopic partisan dolts are extolling the virtues of the current economic predicament. 

As far as our cowtown is concerned . . .

We've seen a noticeable, street level pull back in local restaurants, retail of every sort and nightlife. 

Local youngsters are far more likely to spend their nights burning up local streets with low cost sideshows rather than burning up their credit cards at bars & clubs. 

Springtime often means the "selling season" for realtors & developers and with the exception of a few notable builds . . . We notice a lot of "for sale" signs languishing.   

The bad news hits both sides of the political spectrum: Our conservative friends will have a harder time justifying the MAGA agenda amid worsening economic conditions and progressives seem even more ridiculous as many contend that DEI & trans rights are the solution to financial hardship. 

Accordingly, we share a few notable quotes and more info for readers to consider . . .  

"From rising gas prices to falling markets, the war with Iran has hit the global economy hard. New economic risks are growing as some financial experts warn the disruption from the war could last years and that the markets may be underestimating the impact of the war." 

From the right-wing perspective . . . 

"Yet the price shock has barely registered as a top-of-mind concern. Just 2 percent of Americans named gas prices as the most important problem facing the nation, far behind the government at 28 percent, the economy in general at 15 percent, immigration at 14 percent, and inflation at 10 percent. Mentions of the economy ticked up from 11 percent in February, but gas prices specifically remain an afterthought." 

And here's a more esoteric thought that only a few of our readers might understand . . . 

"The real issue that you face is, I think, the potential for catastrophic changes is much greater now than perhaps at any time in the last 70 years,"  Aswath Damodaran, professor of finance at New York University's Stern School of Business said. "After the second world war, we put together an economic order centered around the United States and the U.S. dollar and that’s coming apart. There’s nothing to replace it." 

Read more via www.TonysKansasCity.com links that we tried to capture from both sides . . .

Iran war at a crossroads as rising oil prices and economic uncertainty hit global markets

David Martin reports on how the Iran war is at a crossroads as it enters its second month, with the global impact of rising oil prices and economic uncertainty at center stage.

America's frozen jobs market could stay on ice due to Iran war | CNN Business

US job growth was lackluster last year, but signs of stabilization, if not a rebound, were starting to emerge.

Americans Unfazed by Rising Gas Prices in Early Weeks of Iran War, Gallup Finds

Americans' concerns about energy costs have not increased since the start of the U.S.-Israel war with Iran, even as gas prices have jumped nearly a dollar a gallon, according to a Gallup poll released Thursday. | Economy

U.S. economy faces greater risks as Iran war rages in Middle East

From rising gas prices to falling markets, the war with Iran has hit the global economy hard. New economic risks are growing as some financial experts warn the disruption from the war could last years and that the markets may be underestimating the impact of the war.

'Correction Has To Occur' - NYU Finance Professor Warns Economic Order Is 'Coming Apart' Amid Unprecedented 'Catastrophic Changes' In 70 Years

Pandemic, tariffs, wars - today's markets have taken hits most of us can barely keep track of, and yet we all quietly assume every dip is just a temporary wobble. But Aswath Damodaran, professor of finance at New York University's Stern School of Business, says investors are underestimating the dramatic changes the world is going through.

The Nasdaq Just Hit Correction Territory. History Says the Stock Market Will Do This Next (Hint: It May Shock You). | The Motley Fool

Surging oil prices have dragged the technology-heavy Nasdaq Composite into a stock market correction.

Iran is 'trying to give the global economy a heart attack' by closing Strait of Hormuz, UAE minister says

United Arab Emirates official Lana Nusseibeh criticized Iran's restrictions on the Strait of Hormuz and its use of ballistic missiles and drones during an interview with Fox News.

Iran braces for ground assault as US troops arrive in region

As the Iran war enters week five, Iran issues new threats, Israel intensifies strikes, U.S. forces build up, and global leaders push for de‑escalation.

Developing . . .