The budget deficit why it matters
The budget deficit for fiscal 2023 was $1.7 trillion. Nobody cared. Projected budget deficits for the next 10 years never get smaller and within five years are expected to exceed $2.5 trillion. As a result, the Treasury will add $20 trillion to outstanding debt in the next decade. The budget deficit for fiscal 2023 was [&h[...]
Consumer confidence dips to Great Recession level
Consumer sentiment today is far below the pandemic-induced recession level of 2020 and roughly where it was at the low-point of the 2008-09 so-called Great Recession — the longest and deepest recession since the depression in the 1930s. Typically, the Fed looks at the year-over-year increase in the CPI. It has [...]
Why aren’t stock investors nervous?
The economic situation is complicated enough with the resumption of payments on student loans, the ongoing UAW strike, and a dysfunctional Congress with the prospect of a government shutdown looming. But the outbreak of war in the Middle East trumps everything else in terms of importance. The war has dominated television news, t[...]
SouthState Bank Donates $100,000 to the Emanuel Nine Memorial
CHARLESTON, S.C. – The Mother Emanuel Memorial Foundation Board, which manages the fundraising, construction, endowment and outreach for the Emanuel Nine Memorial, announced today that Florida-based SouthState Bank, which was founded in South Carolina, has donated $100,000 to the Emanuel Nine Memorial. The foundation, along wi[...]
Economy remains solid – for now
With a surprisingly large 336,000 increase in payroll employment for September, one can make a plausible case that the Fed will boost the funds rate by 0.25% to 5.75% at the end of this month. We disagree. We are looking for no change in the funds rate at this meeting. While the level of interest […]
The Beach Company Supports 2023 Rose Ball as Gold Benefactor
Charleston, S.C. – Today, The Beach Company, a Charleston-based full-service real estate firm, announced the company’s participation as a gold benefactor, donating $12,500 to the 27th Rose Ball, Greenville’s longest-running charitable event that benefits the physical, emotional, educational and cultural needs of the commun[...]
Rising Tide Homes Welcomes Rachel Casiechitty as New Home Sales Consultant
Rising Tide Homes, A Licensed Residential Builder, appoints Rachel Casiechitty to the role of New Home Sales Consultant for the Lowcountry Region Lowcountry Region, South Carolina – Cheryl Ludlam and Chris Barnette, the founders and owners of Rising Tide Homes, are excited to announce the appointment of Rachel Casiechitty as N[...]
Farm Haus Butcher & Beer Garden Opening in Mount Pleasant on October 6
Popular Indian Land, SC restaurant, butcher shop and beer garden, Farm Haus Butcher & Beer Garden, is opening their second location at 604 Coleman Blvd in the Moultrie Plaza Shopping Center in Mount Pleasant on Friday, October 6. Farm Haus is known for their sausages and meats, all of which are handcrafted on site using [&he[...]
Near-term economic environment weakens
At its most recent meeting the Federal Reserve left the funds rate unchanged at 5.5%. While the Fed may not have raised the funds rate, the bond market significantly raised every other interest rate across the entire maturity spectrum. In addition to Fed action, it depends on how quickly the inflation rate[...]
Firefly Distillery Hosts Sunday Funday Brunch
Firefly Distillery is opening the distillery on Sundays to host a fall Sunday Funday Brunch Series that will take over the 5-acre field. Featuring a mimosa and bloody mary bar, music from DJ Cabana Vibez and others, each event will bring in local food trucks including Millers All Day. Open to the public and free […]
Firefly Distillery Hosts Trivia Night Happy Hour
Firefly Distillery is hosting Trivia Night Happy Hours on Tuesdays starting this September! Visitors can grab their crew and enjoy $1 off cocktails and $6 beers while playing for a prize. These free to attend happenings will feature rotating themes and take place on the following dates from 6 – 8 p.m: September 19 – [...]
Braggin’ Rights Bash Raises $45,000 for MUSC Shawn Jenkins Children’s Hospital
CHARLESTON, S.C. — Hall Management Group is proud to announce the fifth annual Braggin’ Rights Bash raised $45,000 this year all to benefit the MUSC Shawn Jenkins Children’s Hospital. The sold-out event returned to Halls Signature Events on Monday, September 18 for another round of culinary and cocktail competition. Culina[...]