SC economist expects 'rolling recession'

By Mike Switzer

Published September 5, 2023 at 4:34 AM EDT

It’s that time again when we like to check in with one of our resident economists to get their perspective on the outlook for our state’s economy and the national picture. Mike Switzer interviews Frank Hefner, Director of the Office of Economic Analysis and Professor of Economics at the College of Charleston.

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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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