Harry Davis
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Davis: "High unemployment will persist for a long time" Posted on Jan 4, 2012 in The annual Economic Forecast Forum was held in Raleigh Tuesday. Among the featured speakers was Walker College banking professor Dr. Harry Davis, who is also an economist with the N.C. Bankers Association. Davis spoke on "The National and State Economy." His powerpoint is posted online [PDF]. The overall tone of the Forum was one of pessimissm, as reported by the Raleigh News and Observer. Economists are predicting a sluggish economic recovery for North Carolina... [read more] |
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'Anybody under the age of 40 (their) life is not going to be like mine' Walker College banking professor and N.C. Bankers Association economist Dr. Harry Davis offered a downbeat economic assessment this week. Speaking to a group in Forsyth County, he said the current doldrums will continue for the foreseeable future. According to the Winston-Salem Journal, Davis "pulled few punches during his presentation even as he tried to soften the blows with humor." Davis' overall message: Americans might have to get used to high unemployment unless... [read more] |
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Davis: S&P downgrade of US credit rating 'not very important' Late last Friday, Standard & Poor cut the credit rating of the United States, from AAA to AA+. It was the first such downgrade in the country's history. The stock market reacted with a 550-plus drop at one point during trading Monday. Also Monday, Walker College banking professor Dr. Harry Davis released his quarterly "Business Barometer" for the NC Bankers Association. It's not yet online. The report is now online. According to one reportbut accoding to newsobserver.com,... [read more] |
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Travel to China: The Global Opportunities of Tomorrow are at Appalachian Today In 1997 Walker College established a working relationship with China. Since then, each year a select group of students has been accepted into the Holland Fellows program and spent weeks in the Far East pursuing both educational and career opportunities. Today other colleges are beginning to mimic the world path Appalachian State has long tread. A working relationship with China is a valuable amenity for today's college graduates, according to a Wall Street Journal. In a... [read more] |
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Davis: 'We need to use less gas. ... The best way to do that is through price' Posted on May 4, 2011 in Walker College banking professor Harry Davis has long supported higher gas prices. He argues it's the only proven method to force the country to both reduce dependence on oil and spur investment in alternative forms of energy. Which isn't to say he's agreeable to the current spike at the pump. Way too fast he says, according to the Watauga Democrat. Last July the national average for a gallon of gasoline was around $2.70, according to AAA. The price today is approaching $4. Davis, ... [read more] |
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Davis: Economy shows signs of growth Posted on Apr 1, 2011 in The North Carolina economy is slowly showing signs of strength, according to Walker College banking professor Dr. Harry Davis. The jobless rate is falling and indications are that's a trend that will continue. Davis, who teaches at Appalachian State University in Boone, thinks the 2011 state domestic product will climb by 2.75 percent over 2010 levels. Meanwhile, he projects that unemployment, now nearly 10 percent, will drop to 8.9 percent by year’s end. The economy is... [read more] |
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CEO Lecture Podcast: Dr. Davis discusses PIGS, energy policy and the “new normal” Dr. Harry Davis, Walker College banking professor and North Carolina Banking Association economist, was the luncheon speaker for this semester’s Boyles CEO Lecture Series. He spoke for more than 30 minutes regarding the economy. He highlighted recent statics and trends, and offered his perspective on what they meant. He also described what he saw as the “new normal.” You can listen to Davis’ speech online, or download as a podcast. [MP3; 29.4MB; 32:09] Among the... [read more] |
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Davis: Unemployment will remain above 9%, stimulus money is trickling out Posted on Aug 30, 2010 in Last week it was reported that, in the second quarter of the year, the U.S. economy grew at a rate of 1.6 percent, down significantly from the 2.4 percent rate previously forecast. Some economists, including Walker College banking professor Dr. Harris Davis, are now predicting lackluster growth for the rest of the year, according to News 14 Carolina. “Consumers have cut back dramatically. That’s one of the reasons the economy is not growing very rapidly,” said Dr. Harry... [read more] |
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Davis: Troubled banks in trouble due to economy Posted on Jul 19, 2010 in The Charlotte Observer reported over the weekend that "nearly half of North Carolina's 86 state-chartered banks are on N.C. regulators' list of troubled institutions, up 74 percent in less than a year and a grim record that underscores the strain of the multiyear downturn." Among the people quoted in the article is Walker College banking professor Dr. Harry Davis. Harry Davis, an economist for the N.C. Bankers Association, was surprised by the growth in the number of troubled banks... [read more] |
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Davis: "This recovery will be different" Walker College banking professor and NC Bankers' Association economist has released his latest "Business Barometer." It's a column defining current economic trends and his expectations for the future. The headline is, "When is an economic recovery not a recovery?" An excerpt: Corporations are sitting on huge amounts of cash because they are not willing to invest in plant and equipment. The level of cash to assets is at the highest level since 1963 when the statistic began... [read more] |
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