Harry Davis is a professor banking at Appalachian State University in Boone and serves as the N.C. Bankers Association’s economist.
In an essay sent around Thursday by the association, Davis ponders the data and concludes that we may be in an economic pause rather than a recession.
His thoughts are worth pondering, even if he does says such things as “The data is....”
Here's the nut graf:
"Hopefully, the national economy is in a pause and not the beginning of a recession. If the Federal Reserve acts aggressively and housing finds a bottom, we may avoid a recession for now or at least set the stage for a short mild recession."
Want a copy of what Davis had to say? Send me an email at jbetts@charlotteobserver.com and I'll forward a copy.
