Is a Recession Around the Corner?

By Mike Switzer

Published June 19, 2018 at 5:58 AM EDT

It has been over nine years since the US economy has been in a recession. This is the second longest expansion period on record. Some analysts are saying that we are long overdue for a recession, especially since recent gross domestic product numbers came in below the previous three quarters.

Mike Switzer interviews Wes Johnson, a certified financial planner and prognosticator with ACT Advisors in Charleston, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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