Economic Pulse with Dr. Kamran Afshar

 Our national debt is now larger than our GDP, how are we going to pay the interest on such a large debt? Asks Dr. Kamran Afshar.

 The National Debt is 101.5% of the country’s Gross Domestic Product, not dissimilar to the latter half of the 1940s, when the US economy came out of the Great Depression and WWII had ended. Interest rates were just slightly higher than today’s rates, and the interest payment on the national debt was less than 2% of the GDP, despite the fact that the debt was 21% higher than the GDP of the time.

How Are We Paying The National Debt? On Economic Pulse

Apr 18, 2014

Economic Pulse with Dr. Kamran Afshar is a synopsis of the week’s economic news, with a detailed look at trends in the Lehigh Valley, and important issues to watch in the coming week.  Economic Pulse airs Fridays at 5:44pm and Mondays at 7:35am.  (Original air-date April 18, 2014).

Following the Inflation on WDIY's Economic Pulse

Apr 4, 2014

  Dr. Afshar points out that the overall inflation is close to non-existent in 2014, however, we are starting to see some inflation in food prices. Some categories of meat, like beef roasts registered a 9.1% increase in their price. With the record going to oranges with a whopping 12.2% price increase in the last 12 months.  Tune in on this discussion Friday at 5:44 PM and Monday at 7:35 AM. (Original air-date, April 4, 2014).

After the financial crash and the start of the Great Recession, banks significantly cut back in lending money to businesses. They have started to increase their lending since 2010. Dr. Afshar says we are not yet back where we were before the recession but moving in that direction rapidly. (Original air-date March 21, 2014).

 The Bureau of Labor Statistics released employment data showing an increase of 175,000 new payroll jobs in February. But at the same time it also stated that the total number unemployed increased by more than 200,000 and unemployment rate also rose by one-tenth of one percent in February. How does this work? Tune in on Fridays at 5:44 PM and on Mondays at 7:35 AM. (Original air-date March 14, 2014).

This week on WDIY's Economic Pulse, Dr. Kamran Afshar asks "Is the economy on the path to real recovery this time?" The economy grew at a rate of 3.2% during the 4th quarter of 2013. This is on top of a 4.1% growth in the 3rd quarter, such numbers are beginning to make this look like a real and robust recovery. Are we really there? (Original air-date March 7, 2014).

The Economic Impact of Snow Storms

Mar 5, 2014

This week on WDIY's Economic Pulse, Dr. Kamran Afshar discusses how the economic impact of snow storms is multifaceted and ranges from loss of sales on one side to loss of income and revenues on the other. Such losses multiplies when people can't go to work and earning declines and while some of these losses are recoverable after the storm passes most of them are not. (Original air-date February 14, 2014).  

Lehigh Valley's Quarterly Economic Review

Feb 7, 2014

Our host Dr. Kamran Afshar and guests David Kennedy, Chief Banking Officer, National Penn and Tony Ianelli, President, Greater Lehigh Valley Chamber of Commerce, discuss Lehigh Valley's quarterly economic review. (Original air-date February 6, 2014)

Economic Pulse with Dr. Kamran Afshar

Jan 31, 2014

This week on WDIY’s Economic Pulse, Dr. Kamran Afshar will discuss findings of his January survey of local businesses. Results from the survey indicate a continued but cautious optimism regarding Lehigh Valley’s local economy for at least the next 6 months. (Original air-date January 31, 2014).

WDIY's Kamran Afshar asks "What happened to Inflation? "

Jan 17, 2014

Before the Great Recession, inflation was rising at a pretty healthy rate, reaching as high as 5.6%. However, the recession wiped out that inflation alongside with 8.7 million payroll jobs, a booming housing market, more than 500 commercial banks,as well as a large number of other businesses. What Happened to inflation? Does the Federal Reserve have the tools to keep inflation at bay? At what cost? (Original air-date January 17, 2014).