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Volume 20, No. 8 • $2.00
Economist says inflation threatens to return by Matthew Clark mclark@scbiznews.com
Showcase
Lockheed Martin officials show off the T-50A in Greenville. GSABUSINESS.COM
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nflation in the United States may be making an appearance in the national economic picture, according to an Upstate economist. Bruce Yandle, dean emeritus and alumni professor of economics at Clemson University as well as adjunct
professor of economics for the Mercatus Center at George Mason University, said the market seems poised to bring inflation back after a brief hiatus. In his Economic Situation report, Yandle said after the addition of 227,000 new jobs in January, coupled with a 2.5% year-over-year growth in wages, “inflation seems to be back in the game.” He said that an increase
in wages is not the lone factor in determining inflation. The wage increases are more of a reflection of “growing scarcity of skilled workers backed by growth in the amount of circulating money that fuels economic activity” but there are other factors that have led to speculation that inflation is coming back. “After all, the term inflation itself refers to inflating the supply of money in the econ-
Retrospect
Look back at the national foreclosure crisis. PAGE 4
Partnership
SAS and Clemson University are working to use big data. PAGE 11
THELISTS Security Systems Companies PAGE 18 Residential Real Estate Firms PAGE 20 Commercial Real Estate Firms PAGE 22
Bicycle
BOSSES Company executives in the Upstate are looking toward cycling as a way to relieve stress and stay competitive. The sport itself is starting to grow, not just across the country, but also in the region as riders of varied skills are taking advantage of the Upstate’s trails and infrastructure. PAGE 6
INSIDE Leading Off....................... 2 In Focus: Security........... 11 On The Menu.................... 8 People in the News......... 28 Viewpoint........................ 30
On the Menu
Find out where GSA Business Report readers go to meet a client or co-worker for a cup of coffee. PAGE 8
See ECONOMIC, Page 7
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