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What are the Economic Truths So Far in 2016?

South Carolina Business Review logo

    Because we’re in a presidential election year, 2016 could turn out to be an economically important one.  Interest rates have moved up a little, employment is growing, but then we hear about global trade imbalances, budget deficits, and corporate tax havens.  What does it all really mean for our economy, both here in South Carolina and nationally?

Mike Switzer interviews Frank Hefner, a professor of economics and the director of the Office of Economic Analysis at the College of Charleston.

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.