South Carolina Business Review

Is a recession imminent?

By Mike Switzer

Published June 2, 2026 at 6:30 AM EDT

Ways To Subscribe

The question of the day for most economists right now is “Is a recession coming?” With high oil prices, bringing inflation and probably higher interest rates, that seems like a reasonable question. Mike Switzer interviews Joey Von Nessen, chief economist at the Darla Moore School of Business at the University of South Carolina in Columbia, SC.

Tags

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.

See stories by Mike Switzer