Once again, bad economic timing thwarts the financial future of Kansas City.
To wit . . .
THE HIGHLY ANTICIPATED INTEREST RATE HIKE THIS WEEK THREATENS KANSAS CITY INSIDERS AND THEIR DESPERATE ECONOMIC SHELL GAMES BUILT ON MORE BORROWING!!!
We're not giving financial advice here and TKC economic acumen only goes as far as an in-depth knowledge of discount lap dance prices.
However, we know people who people and realize that MSM is always slow to report bad economic news given the conflicts of their failing biz model.
According . . .
OUR KICK-ASS TKC BLOG COMMUNITY COMES THROUGH WITH AN EPIC EXPLANATION OF HOW AN INTEREST RATE HIKE COULD IMPACT KANSAS CITY!!!
Here's a note sent our way with a lot of KICK-ASS background and insight . . .
"On Wednesday December 14th, the Federal Reserve is widely expected to announce an increase in the target range for its federal funds rate to 0.5%-0.75% at the conclusion of its two-day meeting. Based upon the Fed futures market, traders assign a 95 percent chance for a 0.25 point increase. It will be the first interest rate increase of 2016, a year once expected to produce at least a couple of rate adjustments. As you know, the private corporation known as our Federal Reserve has lost nearly all credibility with those following the financial markets. Back during the 2008-2009 financial crisis, the decision was made to take any and all emergency measures to save the existing system of a subservient debt-enslaved U.S. federal government, it's AWOL Congress, and the parasitic Federal Reserve and it's member banks. The system was neither saved, nor reformed, just kept on life-support for a future date with destiny . . ."
"During the 2016 election campaign, candidate Donald Trump let it be known that he would not re-appoint Janet Yellen as Chair of the Federal Reserve after her current term expires in February 2018. We'll have to wait and see if she suddenly decides to "spend more time with family" after President Trump assumes office. As well, during one of the televised debates, Trump accused the Fed of being more political than his opponent, Hillary Clinton. The point is that we shouldn't expect the current Federal Reserve to be particularly helpful to Trump when setting economic policy going forward . . ."
"Bottom line, Monday the 12th and Tuesday the 13th, let's see if the SP500 pulls back from short-term overbought levels. Then following the Fed announcement on Wednesday 1PM Central, we'll get a good indication if the SP500 plans to drop over 200 points by year-end, or if this will be only the 2nd predictive model miss since 1974. Best of luck, and see attached chart"
It gets better . . .
Given our interest in this topic, we reached out to another KICK-ASS TKC INSIDER and here's some of what they said:
"The party is over. Realize that most of the new development Downtown was built with borrowed money and all of the future plan that the City Council are based on the relatively cheap cash that's available for municipalities. Will City Hall keep borrowing, taxing and spending? OF COURSE. But the price incurred by taxpayers is going to be a lot more expensive and so many people speculating on this kind of development will be confronting financial odds that are far more steep. I won't say that the bubble is about to burst but I will tell you that the number of condo and luxury apartment dwellings near downtown will probably see a long-expected decline . . ."
And so, money is about to get just a bit tighter was we enter the age of Prez Trump and Kansas City confronts a new economic reality.
Just a few links for background:
Telegraph UK: US Federal Reserve poised to raise interest rates as Trump era looms
IBTimes: Is A Recession Coming? Trump's Economic Plans Could Clash With The Fed's, With Drastic Consequences
Reuters: Fed turns to Trump agenda with rate hike nearly in the bag
Seeking Alpha: Will The Fed End The Trump Rally?
Wall Street Journal: The Outlook for the Markets and Economy in 2017
Developing . . .
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