Mike Walden discusses the periodic ups and downs of the economy and asks if we have to live with this cycle — or if there is a way to have a smoother economic road ahead.
The ability to borrow money for investments is crucial for the economy. Clearly borrowing can be overdone, but if consumers don’t borrow, the economy usually struggles. Host Mary Walden asks her husband NC State Economist Dr. Mike Walden, “Lending virtually stopped during the recession, so where are we now?”
Air travel has become common today, and in fact many businesses couldn’t survive without the ability to reach customers quickly through air flights. Host Mary Walden asks her husband, NC State economist Dr. Mike Walden, “Does this mean access to air transportation has become a major factor in a community’s economic development?”
As we enter the second half of 2014, economists like to update their forecast. Host Mary Walden asks her husband, NC State economist Dr. Mike Walden, about his bi-annual North Carolina economic outlook. “What does your crystal ball show for the economy over the next six months?” she says.
Citing the views of inflation-optimists and inflation-pessimists, Dr. Mike Walden explains why economists are still trying to decide where inflation is headed.
There appears to be heightened concerns about inflation today, according to host Mary Walden. Some point to the tremendous quantity of new money the Federal Reserve has engineered as the source of their fears, but others say, ‘not so fast.’ There may be a lingering break on inflation. She asks her husband, NC State economist Mike Walden, “What is this break?”
Mike Walden attempts to make some predictions about the direction and pace of the North Carolina economy.
Host Mary Walden recently spent time in New York City with her husband, NC State economist Mike Walden. “We did a fascinating tour of Brooklyn and learned how some of that burrows neighborhoods have experienced a dramatic economic renewal How did they do it?” she asks.
The world economy has been changing dramatically in recent decades. Many see some of the changes as negative, with foreign competition increasing and jobs moving from our country to others. Host Mary Walden asks her husband, NC State economist Mike Walden, “Are there other changes ahead that may be more positive?”
North Carolina has communities that need reviving – both in cities and in rural areas. Are there any pointers New York City can give? Dr. Mike Walden offers some suggestions.