South Carolina Business Review

High inflation, interest rates, war affecting SC economy

By Mike Switzer

Published April 5, 2022 at 5:30 AM EDT

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Ever since the pandemic’s darkest days bottomed out, our state has been one of those leading the country in improving economic statistics. How is the rest of 2022 looking now that the first quarter is in the books? Mike Switzer interviews Joey Von Nessen, chief economist at the Darla Moore School of Business at USC in Columbia, 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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