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Economist: Recession Over, Nobody Noticed

univestUnivest Economist Gary Wolfer says the recession has technically been over for a while, but most workers never noticed. He says they see the high unemployment rate and the same signs business owners see.

“People are so concerned about their future at work and their future financial situation.  We just have so many concerns among consumers that they don’t have the appetite to spend.”

He says a dichotomy among businesses is preventing growth.  The small ones are still struggling, but the big ones have had many options to protect the bottom line and stay competitive globally.

“They’ve done a number of rationalizations of cost, laying off workers, closing down operations, and in the 25 years that I’ve been in this business I’ve never seen Corporate America, in the larger size aspect, that competitive with its global peers, so American companies at this point are pre-eminent.  The problem, though, is they’re not creating any jobs either.  They’re holding back.”

Wolfer says it could be a combination of uncertainty over the future of health care and onerous new banking regulations, but businesses are not creating jobs and the economy is not growing.  He Appeared Wednesday on the WNPV talk program Comment Please by Univest.

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WNPV AM 1440 For those of you interested in donating to Anthony Flick, go to http://www.gofundme.com/Fundsforflick.
Click here to support Funds for Flick by Melissa Mecca www.gofundme.com On December 15th a tragedy struck a Souderton Borough family. A deranged man entered the Flick family residence he shot and killed Anthony's Mother and Father. Anthony was shot while defending his fourteen year old sister Nina. The shooter cut off three of Anthony's fingers, stabbed him and ultim...
WNPV AM 1440 A group of students from Souderton High School has set up a fund for Anthony Flick, the injured victim of yesterday's rampage, at "GoFundMe." If you wish to contribute to this young man who has lost so much, the account is called "Funds for Flick."
WNPV AM 1440 We are passing along this message from Christ Lutheran Church in Kulpsville: "Based on the recent events that occurred in our community today, Christ Lutheran Church (2211 Mainland Road, Kulpsville) will be open from 6:30 PM until 8 PM this evening for prayer and reflection. There will be a brief prayer service at 7 PM. There will be disaster chaplains on-hand for those that may need them. God's peace to you and your families."
WNPV AM 1440 Didn't go out to get your official WNPV Snow Bingo card yet? Well, the prize list is growing! When we play our 1st game of the 2014-15 season, the winner will win 4 tickets to the Franklin Institute, a lovely soy candle from CardSmart in North Wales and Quakertown, and a $50 gift certificate to Gimaro's Seafood and Steaks in Montgomeryville! So be ready! Get your Snow Bingo card from Henning's Trains in Lansdale, Barb-Lin Carpet One in Doylestown, or Walton's in Lansdale. No purchase necessary!

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