Wednesday March 17, 2010 | North Carolina Economic Forecast

March 16, 2010 at 1:24 pm | Posted in Coming Up | 5 Comments

Frequent guest John Connaughton joins us to talk about the state of the economy in our region. Connaughton is a Professor of Economics at UNC Charlotte and the longtime director of the Belk College of Business economic forecast. Dr. Connaughton believes our state’s economy will increase by 3.5 percent, marking the first year of expected growth in two years. But the recovery is still facing challenges. Dr. Connaughton will share his latest forecast for the region’s economic future.
John Connaughton
– Professor of Economics, Belk College of Business at UNC Charlotte

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  1. Why must we measure our economy by over consumption…GDP? Why not some formula that factors in quality of life?

  2. Dr. Connaughton, there is not 90 percent employment. Real unemployment is closer to 20 percent!

  3. The American economy isn’t going to recover anytime soon, if ever. It is clear that the modern American economy is a laughably unsustainable Ponzi scheme — we cannot continue on the current trajectory: it’s difficult to build a world-class economy on paper-shuffling (banking), restaurants, nail salons, movies, and government subsidized education and healthcare.

    The only reason the American economy even continues to grow is because we import massive amounts of immigrants every year. With many of those immigrants often bringing ‘Third World’ attitudes along with them that persist generation after generation, the long-term prospects for the American economy are very grim indeed.

    Just look at the economy of California, the largest in the entire USA..the state is bankrupt because of too much immigration, welfare, etc.

    What is obviously occurring is the ‘Latin Americanization’ of the USA. Study the socioeconomic structure of Latin America to get a glimpse of the future of the USA.

    • I agree with you Realist. California is a good example but what about Texas? Their immigration problems are just as bad yet Texas thrives. Why?

  4. […] Continued here: Wednesday March 17, 2010 | North Carolina Economic Forecast … […]

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