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Is The Economy Sliding Into a Recession?

According to mid-year reports, the US economy appears to have shifted down and slid into the slow lane.  Our next guest says the die was cast when the Commerce Department’s second estimate for first quarter real GDP growth rolled in at only 0.8%, followed the previous three quarterly rates of 1.4%,  2.0%, and 3.6%.  Will the slide continue?  Is there a recession in the works?

Mike Switzer interviews Bruce Yandle>, Clemson’s Strom Thurmond Institute Senior Fellow, Clemson Alumni Distinguished Professor of Economics Emeritus and Dean Emeritus of Clemson's College of Business & Behavioral Science. 

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.