Fishkind Economic Conversations page block
03/09/2016 - 1:44pm in Fishkind Commentaries
Budget negotiators for the Florida Legislature reached a budget deal late Monday night, hammering out agreement on dozens of spending items. State law requires the budget to be finished 72 hours before a final vote, and this year’s legislative session is scheduled to end Friday. There is some unfinished business, though. 90.7’s Nicole Creston asked economic analyst Hank Fishkind what’s left for lawmakers to talk about, and what’s been agreed upon at last check.
03/02/2016 - 11:17am in Fishkind Commentaries
A WMFE listener recently reminded 90.7’s economic analyst Hank Fishkind of a housing market prediction he’d made four years ago, and the diligent listener checked in to see if it held true. Back in 2012, Fishkind predicted the housing market would recover by 2016. So, has it? Fishkind says yes. Hank’s Highlights: Housing sales levels in 2016 will be about as high as they will get for this business cycle. The housing market in Orlando remains in equilibrium with a balance of demand and supply. Sales of existing single-family homes across Florida increased 12% in 2015 with prices 6% higher than 2014, and condo sales rose 6% with prices 4% higher.
02/24/2016 - 9:16am in Fishkind Commentaries
Florida’s tourism numbers are at an all-time high, with 105 million people visiting the state last year. This is a significant increase over the 2014 total of 98.5 million visitors. 90.7’s economic analyst Hank Fishkind says the tourism numbers carry an importance for Central Florida that goes beyond their grand scale…however, their sheer size does deserve some appreciation.
02/16/2016 - 3:37pm in Fishkind Commentaries
Since the beginning of this year, the economy has been plagued by uncertainty – the Dow has dropped eight percent and oil prices are a downward track. Economic analyst Hank Fishkind says that while the risk of recession is higher now than a month ago, overall it’s still very low. But there are a few Florida-specific uncertainties on his mind, starting with the competing budget bills passed by the state House and Senate last week.
02/09/2016 - 2:11pm in Fishkind Commentaries
The Florida Legislature has to pass a budget for the 2016-17 fiscal year by the end of the session on March 1st. So far, though, there’s little agreement between the House and Senate on Governor Rick Scott’s proposal to cut taxes by $1 billion. The cuts would mostly affect businesses. Scott’s plan would also set aside $250 million for incentives to attract new businesses to the state. The theory is that lower taxes will stimulate job growth. But 90.7’s economic analyst Hank Fishkind says the evidence does not bear out a direct relationship between cutting taxes and bringing in jobs.
02/02/2016 - 10:00am in Fishkind Commentaries
Today stands out in the national spotlight for two reasons – first, we have the Iowa caucus results…and second, it’s Groundhog Day! 90.7’s economic analyst Hank Fishkind says Groundhog Day can teach us a few things about how to view the economics of early primary results.
01/26/2016 - 1:02pm in Fishkind Commentaries
Florida’s December jobs report is out, and the numbers paint a fairly rosy picture – nearly 21,900 jobs were added across the state and the unemployment rate dipped to five percent. But economic analyst Hank Fishkind says the numbers are a little off, largely due to a record-keeping quirk in the benchmarking process. He tells 90.7’s Nicole Creston that the jobs outlook for the coming months may be a bit better than it appears.
01/19/2016 - 1:00pm in Fishkind Commentaries
The state Legislature is considering Governor Rick Scott’s high-stakes proposal to extend the gambling compact with the Seminole Tribe of Florida. The compact officially expired last July. In part, it authorized the Seminole Tribe to offer various types of gambling at its seven casinos across Florida. And some games could only be offered at Tribe-owned facilities. The rules differ in Miami-Dade and Broward County, where residents voted to allow slot machines at some pari-mutuels, or “racinos.” 90.7’s economic analyst Hank Fishkind says there’s a lot of money at stake.
01/12/2016 - 12:58pm in Fishkind Commentaries
Economic data from the first days of 2016 seem contradictory. On one side, there’s the stock market – it had its worst opening week since 2011, down about 6% and losing almost $1.4 trillion in value. On the other side is the nearly 300,000 jobs added by US employers in December…that made for the best year in job creation since 1999. So, should we be worried about the outlook for 2016? 90.7’s economic analyst Hank Fishkind says the answer is a little yes, a little no.
01/05/2016 - 12:55pm in Fishkind Commentaries
New data from the US Census Bureau shows Florida’s 2015 population growth accelerating past the 20 million mark. That means Florida was second only to Texas in the number of new state residents. 90.7’s economic analyst Hank Fishkind says while Florida saw an increase in international and overseas migration, the majority of the influx was from other US states. And he says while Florida benefits economically from population growth, there’s a balance to strike between making room for new residents and preserving natural resources…like drinking water.