Something interesting to consider . . .
Despite so much working-class grief over inflation and the cost of living . . . The market continues to move forward powered by AI even as the smart money has been expecting a crash correction for more than a year.
Historically, October is always a sketchy month for global finances and it's kinda clear faith in an eternal AI boom is quickly starting to crack.
The bright side is that those of us on the low end might not notice the difference beyond having more company to join us scrounging around urban areas for scarce resources . . . Again and again . . . The open secret is that the American middle-class continues to fade.
Bright side . . . Mayor Q remains eternally optimistic or at least wants to refute financial concerns when drastic market moves make new stadiums seem like an even worse investment.
Accordingly, here's the upbeat economic word from a Mayor who hasn't ever made much mention of the fact that all of his tenure has occurred under a budget that remains structurally unbalanced.
Check-it . . .
"Kansas City’s financial reviewers remain confident in the City’s ability to weather the global economic challenges and rising prices ahead. With our responsible budgeting policies and strong staff management, the City will continue to focus on what’s most important: basic services for your neighborhoods, taking care of our employees, and growing a great city."
Read more via www.TonysKansasCity.com screenshot . . .
Related . . .
The AI bubble is about to burst - and a big market correction is coming
On Jan. 1, 2000, the world got a reprieve from a much-hyped technological Armageddon when it turned out the Y2K crisis wasn't a crisis after all.
'Working People Will Pay a High Price': Report Warns AI Bubble Is 'Primed to Pop' | Common Dreams
Investment boom in AI is a financial bubble "primed to pop," warns report. Lawmakers urged to protect working-class Americans from potential harm.
Forget the AI Bubble: Wall Street's $1.48 Trillion Debt Problem May Be More Danger | Investing.com
Market Analysis by covering: Nasdaq 100, S&P 500. Read 's Market Analysis on Investing.com
Developing . . .
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