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Could Clouds be Appearing in Our Blue Sky Economy?

South Carolina Business Review logo

The last time we spoke to our next guest, about three months ago, he said he believed that our country’s economy seemed to be waking up from a long period of sleepwalking.  Well, we’re almost to the midpoint of the year and interest rates are rising, construction activity is reported to be declining, the stock market appears to have stalled, so let’s see how he feels now.

Mike Switzer interviews Bruce Yandle, Dean Emeritus at the College of Business & Behavioral Science and Alumni Professor of Economics Emeritus, both at Clemson University.  He is also the Distinguished Professor of Economics at George Mason University’s Mercatus Center which publishes his Economic Situation Report.

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.