The decline in household wealth during the recession was enormous. Almost $15 trillion dollars in household wealth was lost. How much of a comeback have people made? N.C. State University economist Mike Walden answers.
Diversification — or putting your investment eggs in many baskets — has long been recommended as a core investment principal. But with so much turmoil in recent years in financial markets, does diversification still work? N.C. Cooperative Extension economist Mike Walden responds.
We all know about the dramatic rise in the national debt in recent years. In prior decades we also witnessed a big jump in private debt held by households. N.C. State University economist Mike Walden says this second type of debt changed directions recently.
Oil prices and their derivative gas prices have not behaved according to their typical pattern this year. They didn’t rise this summer, as is usual, but now when driving generally falls off, prices are edging up. What’s going on? N.C. State University economist Mike Walden explains.
Because there are millions of prices in our economy, it seems that determining how much prices change would be a daunting task. The government has an official measure that is based on a sample of prices. Is there any confirmation of the government’s price changes from methods that are more comprehensive? N.C. State University economist Mike Walden answers.
The state’s unemployment rate fell from 9.7 percent to 9.6 percent recently. But there is cause for concern in the state’s most recent job report, says N.C. State University economist Mike Walden.
You don’t have to tell North Carolina’s unemployed workers how bad the recession has been, but now we have some evidence from the federal government to confirm this. N.C. Cooperative Extension economist explains what the numbers show.
Ireland has been in the news recently but not in a good way: The government has been on the verge of bankruptcy, and the rest of Europe may have to bail them out. What happened to this country, which only a few years ago had a very dynamic economy? N.C. Cooperative Extension economist Mike Walden explains.
The national debt is a major issue. Recently the heads of the U.S. president’s fiscal commission issued a debt reduction plan. And another group has released yet another plan. N.C. State University economist Mike Walden highlights the major recommendations in this other plan.
Everyone wants to have a crystal ball regarding the economy, but few of us have one. Economists are often asked to peer into the economic future. N.C. State University economist Mike Walden explains the techniques that economists use to do that.