Fred Carstensen





A recession could last 2 years according to Connecticut economics experts

Fox 61 – CONNECTICUT, USA — Two respected economics experts from Connecticut universities said a recession is coming and it could be a couple of months before the economy straightens out.

America is enduring the worst inflation in 40 years, spurred on by the COVID-19 pandemic. Soon, it’s expected the Federal Reserve will hike interest rates for the first time in four years.


Inflation: Economists from Connecticut and beyond on how we got here and where we’re going

Yahoo! News – Jun. 11—The average consumer probably isn’t pondering how PepsiCo controls more than 80% of the dip market when they’re standing in the grocery store picking up a Tostitos creamy spinach dip for a cookout or Super Bowl party.

But when setting the backdrop for a conversation about the factors in inflation — which economists mainly cite as pandemic-induced disruptions in supply and demand and the war in Ukraine, with dispute over the impact of stimulus packages — lack of market competition is something economist Fred Carstensen can’t emphasize enough. He cites the impacts of the United States largely abandoning antitrust policy over the past 40 years.




Young people and people of color have become unemployed at disproportionate rates amid the pandemic

UConn Journalism – Nearly 80 percent of registered voters say the economy is an important issue, according to an August 2020 Pew Research Center study. In the same study, 88% of President Donald Trump’s supporters ranked the economy as “very important,” the most of any of the issues they asked about.



(Video) Backward Economics: When Unemployment Offers a Living Wage

NBC Connecticut – The extra $600 in unemployment assistance made available through the Cares Act has been a lifeline for many workers, but it has created challenges for employers trying to get employees back to work. It raises questions about if jobs were paying a fair wage in the first place.