Batesville Herald Tribune, Batesville, Indiana

Business

December 20, 2013

Economist responds to local questions

(Continued)

The expert asked rhetorically, “Where will you put your (money to save for) retirement?” In bonds or a bank, which offer little or no interest? Then Hicks gave the correct answer: “The only place you’re going to put assets today would be in the stock market.” Once the Federal Reserve lessens its bond purchases, bond rates will rise. The speaker predicted the stock market could come down “rather precipitously.” He reflected, “I’d be the richest man in the world if I could predict a (stock market) bubble confidently.”

Jeff Stratman, the Aurora city attorney, asked about a prediction Hicks made while speaking in Batesville a year ago that didn’t come true. The economist admitted that he thought 18 months ago the U.S. would go into another recession, following Europe. Hicks said he was particularly worried about Indiana, which exports many goods to European Union countries.

Hicks explained the reason he was wrong was “our biggest trading partners (Germany and England) really weren’t part of the European recession. In the past, the whole continent moved together” in economic fortunes.

“We did dodge that recession. That’s good news, but we’re still feeling a hangover” from European economic activities.

Debbie Blank can be contacted at debbie.blank@batesvilleheraldtribune.com or 812-934-4343, Ext. 113.

Second in a two-part series Part 1: Dr. Hicks contemplates a Walmart in Batesville and forecasts how the region, state and nation will do economically, Dec. 17

Text Only
Business
  • Partnership formed 4-means LLC has partnered with the Batesville Memorial Public Library in an effort to establish an entrepreneurial/maker-space program. The program is in its formative stages, and the partners are working together to define the expectations. They fee

    August 19, 2014

  • biz - bv081914 - stuck on hue Rich is 'dedicated business owner' Hollie Rich owns Stuck on Hue (https://www.etsy.com/shop/stuckonhue), an online business that sells pillow covers and pillow inserts that light up a room. Her collection of fabric options include lots of colors and patterns to help energize a space,

    August 19, 2014 1 Photo

  • biz - bv081914 - hemmerle Adviser will serve businesses in five counties Mark Hemmerle has been appointed as the new Southeast Indiana Small Business Development Center business adviser for Franklin, Ripley, Dearborn, Ohio and Switzerland counties. He will also be providing no-cost assistance to any business of under 500

    August 19, 2014 1 Photo

  • BUSINESS BRIEFS Coloring contest prize is a scholarshipChildren ages 13 and younger in Batesville have the opportunity to receive college scholarships by simply doing one of their favorite activities: coloring. The Cellular Connection’s Color for College program wil

    August 19, 2014

  • Companies plan to expand or establish operations At the midway point in the year, the Indiana Economic Development Corp. has worked with 173 companies that have made decisions to expand or establish new business operations in Indiana for a total of more than 17,040 projected new jobs. This compares

    August 19, 2014

  • SPARK Columbus networking event Sept. 25 The Center for Business and Economic Development (CBED) at Indiana University-Purdue University is partnering with the Columbus Area Chamber of Commerce to host its second SPARK Columbus networking event.“SPARK Columbus targets entrepreneurs, intrapr

    August 19, 2014

  • biz - bv081514 - innkeepers Innkeepers learn about social media and attractions The Franklin County Convention, Recreation and Visitor Commission held an Innkeepers Conference Aug. 11 at Ivy Tech Community College, Batesville, reports FCCRVC coordinator Mikel Beck. The day started at 8 a.m. with registration and breakfast. At 8:

    August 19, 2014 1 Photo

  • spt - bv081514 - OA coach gillman MEET THE COACHES Oldenburg Academy footballHead coach: Wes GillmanCoaching staff: Justin Seals, Tom Peck, Ace Moorman and Kevin McDonnell. Trainer: Rachael Wuestefeld.Record: Gillman played at Franklin County High School and was the quarterback of the team that compe

    August 15, 2014 3 Photos

  • Duke helps counselors get financial training Case managers and counselors can now get free training to help low-income families determine their financial needs and complete career-pathways, thanks to a grant from Duke Energy Foundation. The training is built around the Indiana Self-Sufficiency

    August 12, 2014

  • biz - bv080814 - Atkinson, Joslin Dance nonprofit adds instructors Two faculty members have been added at Southeastern Indiana Dance Inc., a nonprofit organization, according to director Lydia Woodward. Joslin Atkinson will be teaching belly dancing, and Tina Ashley will be teaching Zumba.Atkinson started taking bel

    August 12, 2014 2 Photos