Prepare for a recession: Shore up savings, job situation, but sit tight on investments
So, the U.S. economy slowed, again, in the second quarter. Here’s how you can prep for a recession if the economy slips into decline.
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Michael Walden
Inflation dips slightly but we’re a ‘long way from relief,’ economist says
The latest data on consumer prices shows that while prices increased last month, the inflation rate for prior 12 months dipped. That may be short lived.
Read MoreNCSU index of NC leading economic indicators up in October
The leading Index rebounded from its Hurricane Florence-induced plunge, but has still not fully recovered. Find out more here.
Read MoreNCSU index of NC leading economic indicators edged up in July
RALEIGH –The NSCU Index of North Carolina leading economic indicators edged up modestly in July, according to NC State University economist Michael Walden, PhD. The index has now had a steady upward trend for nearly two years. A 6 percent drop in jobless claims and a double-digit gain in building permits more than offset slight declines in the national index and i n manufacturing hours and earnings. However, Walden cautioned, the declines in the manufacturing sector may “Signal looming trouble related to the on-going trade disputes. With a new NAFTA treaty proceeding –a deal with Mexico was announced Monday–and...
Read MoreEconomic Forecast Forum: NC poised for growth in 2018 even without Amazon ‘whale’
Four North Carolina economists agree that the state and the nation are headed for continued growth of from 2.7 to 3 percent GDP this year. North Carolina will do well even without landing a “whale” such as Amazon’s proposed second headquarters site, they said.
Read MoreNC economic growth to continue at accelerated pace in 2018
The North Carolina State University Index of NC leading economic indicators has trended higher for over a year, “Strongly suggesting continued growth in the state economy at an accelerated pace in 2018,” said NCSU economist Michael Walden. The November Index was essentially unchanged after posting a large gain in October. It slipped only .2 percent, while all but the two manufacturing measures showed improvement. Among the individual components, the national index, initial claims for unemployment, and building permits all registered improvements. Jobless claims feels 10.6 percent and building permits rose 3.1 percent. Hours and earnings were both down slightly, hours...
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