Recently the U.S. Commerce Department released numbers for income growth between 2007 and 2009 in metropolitan areas. Some of the results were surprising, says N.C. State University economist Mike Walden.
Legend has it that the writer F. Scott Fitzgerald said the rich are different: They have more money. While the very rich are a relatively small percentage of the economy, they are often the focus of economic policy. Extension economist Mike Walden explains why.
Our economy relies on entrepreneurs, or people starting new businesses, to propel our economy forward. N.C. Cooperative Extension economist Mike Walden explains what we know about these frontier investors.
The latest national numbers for retail sales weren’t encouraging. After adjusting for typical seasonal effects and inflation, retail sales essentially showed no improvement. Why is this important and what does it say about the economy? N.C. State University economist Mike Walden weighs in.
The big question about the economy is whether another recession is coming. Of course, some argue the first recession, which began in 2007, never ended. Can the level of interest rates help us answer the recession question? N.C. State University economist Mike Walden responds.
A recent report on the national job picture showed that jobs in the private sector increased by 71,000 in July. N.C. State University economist Mike Walden answers the question, Who is hiring? “Perhaps surprisingly one of the biggest hirers recently has been car manufacturers — vehicle manufacturers. In July, nationwide they added 28,000 jobs. And [...]
Some years ago Japan had a real estate boom and then a bust from which, by many measures, they are yet to recover from. Economists refer to it as the lost decade in Japan. Will the same happen in the United States? North Carolina Cooperative Extension economist Mike Walden explores this question in today’s “Economic Perspective.”
Getting up-to-date economic information is sometimes problematic because it takes time for statistics to be collected and processed. There is a report that tries to speed up the process by basing an economic snapshot on interviews with business people. N.C. State University economist Mike Walden explains what this report says about our economy here in the Southeast.
Sports fans look at the teams they follow in the terms of wins and losses, but the teams are also a business — so looking at teams in the terms of dollars and cents is also important. N.C. Cooperative Extension economist Mike Walden discusses the value of prominent professional sports teams.
Two well-respected economists recently issued a report arguing that the recession would have been much worse had it not been for the actions and interventions of the federal government. N.C. State University economist Mike Walden explains what the report says about how bad it could have been.