King Banaian

Americans are incurring more debt. St. Cloud State Economist King Banaian explained on WJON Monday that debts levels are returning to 2019 levels. He says the pandemic of 2020 influenced many people's spending.

Gas prices have been on the rise recently but St. Cloud State Economist King Banaian doesn't think that will continue. He joined me on WJON today. He says the reason for the rise in gas prices has to do with an electrical situation that happened at a plant in Indiana which took the biggest supplier of gas in the Midwest offline.

Colleges play a role in a community's economy. St. Cloud State University Professor of Economics and Interim Dean, King Banaian joined me on WJON. He says the role schools like St. Cloud State, St. John's, St. Ben's and St. Cloud Tech and Community College play in the community include two things;

Despite the news of OPEC reducing oil production St. Cloud State Economist and Dean, School of Public Affairs, King Banaian doesn't believe gas prices will move much up or down anytime soon.

Many economists including St. Cloud State's King Banaian believe a recession will happen early in 2023. Banaian is the Dean, School of Public Affairs and Economics Professor at SCSU. He indicates we may already be in a recession but if we aren't we will be soon.

Gas prices in the St. Cloud area and throughout the nation have been dropping for quite a few weeks now. St. Cloud State Dean, School of Public Affairs and Economic professor King Banaian joined me on WJON. He says the steady decline in gas prices is a sign of decreased demand but could also be a sign that we are already in a recession or will be soon.

Inflation continues to be in factor for Central Minnesotans with so many products and services going up in price. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON. He indicates the latest ADP report, which processes paychecks, shows wages went up 7.7% and Banaian says inflation is up 8%.

The talk of recession in the United States has been going on for months. St. Cloud State Dean, School of Public Affairs and Economic Professor King Banaian joined me on WJON. He says we may be in a recession now and if not now, soon.

Gas prices have been on a steady decline in Central Minnesota and throughout the country for the last few months. St. Cloud State Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON. He says the reason for this trend is the demand for gas just isn't there.

Road construction projects, car parts, home improvement projects and more aspects of American life continue to be impacted by supply chain issues. St. Cloud State University Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON.