One of the apparent fears of the Federal Reserve is that the U.S. economy today will be like the Japanese economy of the 1990s. What are the parallels, and what are the problems of copying the Japanese economy of 20 years ago? Dr. Mike Walden, an Extension economist with N.C. State University, responds.
N.C. State University extension economist Mike Walden recently unveiled a new measure of the state economy meant to tell us where the state economy will be heading in the near future. In today’s “Economic Perspective,” he details this new leading indicator.
Many people watch the stock and other investment markets for clues to what might happen to the economy. “Baked-in results” is a term increasingly heard. N.C. Cooperative Extension economist Mike Walden explains how investments can be “baked-in.”
The Tax Foundation, a nonpartisan group, recently ranked North Carolina tenth worst in the nation on taxes! N.C. Cooperative Extension economist Mike Walden explains what the group didn’t like about our state’s taxes.
There has been a lot of talk recently about money, and specifically the money the Federal Reserve is planning to create to stimulate the economy. How is this done? Does the Federal Reserve really have the power to flip a switch and generate money? N.C. State University economist Mike Walden answers.
Changes to workers’ salaries, or wages, are important. Workers count on increases in their pay over time to make progress in their standard of living. Of course, those same workers don’t look forward to a possible decrease in pay during recessions. N.C. State University economist Mike Walden explains just how frequently workers’ wages and salaries move up or down.
There is talk of another government stimulus package, which would focus on areas like road, bridges, reservoirs and water treatment plants. These types of projects are generally lumped together and called infrastructure. But didn’t the first stimulus plan address these items? N.C. State University economist Mike Walden answers.
A recent national job report was upbeat: Over 150,000 jobs were added, with all of them being privately created positions. N.C. Cooperative Extension economist Mike Walden describes which job sectors were especially hot.
People seem to be confused about inflation. The government tells us the overall rate is very low — between 1 and 2 percent — yet we are seeing significant increases in food and energy prices. How can higher food and energy prices be compatible with moderate inflation? N.C. State University extension economist Mike Walden explains.
We had some good news on the national job market in October with a 151,000 jobs being added and the unemployment rate holding steady at 9.6 percent. But N.C. Cooperative Extension economist Mike Walden says that the rate doesn’t tell us the whole unemployment picture.