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The Planet Green Tree Service Difference

At Planet Green Tree Service, we are firm believers that trees make the world a better place. They provide us with verdant beauty, cool shade, and emergency shelter. They raise our home values, add personality to our neighborhoods, and provide us with clean air to breathe. When your home or business has well-maintained, healthy trees, everyone benefits. That's why we are so passionate about providing our customers with dependable tree services in the Lowcountry.

We believe that honest prices, state-of-the-art equipment, friendly arborists, and good old-fashioned hard work are what set us apart from our competition. With more than 33 years of service in South Carolina, you can rest easy knowing every member of the Planet Green team is committed to the following:

  • Conduct themselves in a professional manner
  • Provide you with exemplary tree care services
  • Arrive at your home or business on time and ready to work
  • Provide you with affordable service rates
  • Meet or exceed our industry standards
  • Utilize the utmost safety when removing or maintaining your trees or shrubs
  • Have full insurance to protect themselves and your home

Our customers mean a lot to us, which is why we strive to provide them the best, most helpful customer service in our industry. When you hire our company to perform a tree service in cityname, know that we take this responsibility seriously and will always treat your home like we would treat our own. At Planet Green Tree Service, you won't ever have to worry about sneaky hidden fees or outrageous pricing. We believe every homeowner and business owner should have access to affordable tree services, which is why we set our rates at reasonable levels. Our job is to protect your home, your trees, and also your wallet!

Whether your home has overgrown trees that need trimming or you have an unsightly stump that needs grinding, our team of tree experts is here to help. Curious what kind of tree care work we provide to homeowners in South Carolina?

Planet Green specializes in the following areas:

Tree Trimming in Daniel Island

Have you noticed your favorite tree growing in a strange shape? Are your trees or shrubs so overgrown that it's making your property and home look unkempt? Are the trees near your home weighed down by dangerous dead branches? If you answered yes to any of the above questions, it might be time to speak with a Planet Green Tree Service professional to find a solution.

Like anything that lives, trees respond to their environment. When trees are not properly maintained, they can cause a whole host of problems for the homeowner. Overgrowth doesn't just look bad - it can be a potential safety hazard and liability for your home. To prevent this from happening, it's crucial that your trees are trimmed and pruned regularly. Trimming your trees and shrubs gives your home a tidy, appealing look and facilitates healthy plant and tree growth.

Because every tree and shrub is different, you must approach tree trimming with a plan. Before you start hacking at your trees with a machete, be sure to contact Planet Green Tree Service. Our team of expert arborists will come to your home and determine the best path to take for your tree trimming needs. We always take into account variables like the strengths, weaknesses, and species of your trees.

 Large Tree Removal Daniel Island, SC

Benefits of Tree Trimming in Daniel Island

For some folks, tree trimming seems like a minor detail in the grand scheme of homeownership. It can be a tedious job, but keeping your trees trimmed and well-maintained is more important than you might think. Below are just a few of the many benefits of keeping your trees and shrubs trimmed:

Tree Trimming in Daniel Island

Tree Health

Part of the Planet Green pruning and trimming process includes the removal of damaged, broken, dead, and diseased branches. When ignored, these dead or dying branches can cause harmful fungi to wreak havoc on the trees around your home or business. Removing these weakened branches helps prevent fungi and keeps your trees healthy. In addition, tree trimming also lets more sunlight and air circulation reach your trees, boosting overall health.

Safety

Safety

As longtime residents of South Carolina, we know how dangerous hurricanes and heavy storms can be. Strong winds from these natural occurrences can cause branches to fall or even be carried away with significant force. This is concerning for many homeowners, especially those who have trees lining their driveways, recreational areas, and walking paths. When you trust Planet Green with your trimming needs, you are actually doing your part to "storm proof" your home from hazardous tree-related accidents. If you have low-hanging branches close to your roof or business, pruning these trees can provide more safety and overhead clearance. That way, don't have an anxiety attack every time a storm rolls through your neighborhood.

Aesthetics

Aesthetics

Nobody likes the look of an overgrown, disheveled tree. Tree trimming improves the general appearance of your tree and makes your whole yard and home look better. Tree trimming also prevents your trees from growing weak branches and crotches and helps stop branches from intertwining with one another.

Developmental Tree Trimming

Developmental Tree Trimming

Pruning younger trees is key to protecting them as they age. This vital tree service in Daniel Island keeps young trees aesthetically appealing and promotes proper structural integrity and optimal branch structure. In addition, as your home's landscape matures, taking the time to trim young trees reduces the chance of expensive problems like tree failure.

 Local Tree Service Daniel Island, SC

Types of Tree Trimming

Not all tree trimming services from Planet Green Tree Service are the same. Our experts specialize in a number of different tree trimming services to ensure you are getting the right kind of trim for the appropriate situation. Because even the smallest mistake can permanently affect your tree's health, we approach every tree trimming job with surgeon-like precision. That way, you know your trees are in capable, responsible hands.

Crown Reduction

Crown Reduction

When your trees age without the proper kind of care, they can develop too many branches on their interior. Trees like this give great shade, but too much is not a good sign. That's where crown reduction trimming comes in. By reducing the density of your tree's crown, our tree care experts improve its growth rate and health. Crown density reduction also promotes a longer lifespan and a more beautiful appearance.

Deadwooding

Deadwooding

As the name implies, deadwooding involves the trimming of dead wood from your trees. Often required in urban and suburban areas, deadwooding a tree makes it look more attractive and livelier, while maintaining the health of your tree's trunk by removing rotted branches. This process also makes it safer for kids and other people who walk underneath or near your tree that may be harmed by rotting branches that fall. Other tree trimming services that Planet Green offers include: hazardous tree assessments, shrub trimming, pruning, cabling, bracing, and corrective trimming.

Stump Removal in Daniel Island

For most property owners, removing a tree can seem like a major project. While that notion certainly isn't wrong, tree removal is more straightforward and often easier than trying to remove an unsightly stump from your yard. Have you ever wondered why you see so many yards with stumps dotted around the land? It's because they're very difficult to remove. That is why Planet Green Tree Service has been offering stump removal services in South Carolina for more than 33 years. Our skilled stump removal experts bring a wealth of knowledge and cutting-edge tools to every stump removal project they tackle.

The fact of the matter is this: trying to remove a stump on your own is an incredible undertaking. Going the "DIY" route can take weeks to complete, even if you spend an hour or two every day. There's also the issue of operating heavy machinery (which costs time and money to rent) and even light fires to expedite the process, which is dangerous. For these reasons alone, we always recommend that you bring in a professional to remove your tree stump safely and effectively.

 Tree Service Daniel Island, SC

Benefits of Stump Removal in Daniel Island

Better Looking Yard

Better Looking Yard

If you are a homeowner that loves sculpted hedges, beautiful landscaping, and a tidy law, removing old tree stumps will feel like a huge weight off of your chest. Stump removal not only gives your home more curb appeal, it can actually raise the value of your home. This is particularly pertinent if you are thinking about listing your home for sale in the near future.

More Space

More Space

If your yard is small, even one stump can reduce the amount of space you have in your yard. If you spend a lot of time playing sports or just enjoying your yard space, stump removal is a huge help. After all, nobody wants to toss a football around if there are a bunch of old stumps that you must avoid. Stumps also take up considerable space below ground, with their complicated root systems. Stump removal will give you and your family more room to plant flowers, grow vegetables, install a water feature, and much more.

Eliminate Unwanted Growth

Eliminate Unwanted Growth

When you leave a tree stump in your yard, you could be setting yourself up for unwanted tree growth. This kind of new growth often results in clusters of small trees popping up around the base of the stump. This problem isn't just unsightly; it can be harmful to any plants near the stump because the new trees will suck up all the water and nutrients out of your soil.

Pest Prevention

Pest Prevention

Tree stumps are notorious for harboring all sorts of pests that can damage your hard and cause expensive problems in your home. We're talking wood borers, ants, termites, and beetles. If you want to do away with these pests and protect your home, the best course of action is to contact Planet Green Tree Service for a quote on our professional tree removal services.

 Tree Removal Daniel Island, SC

Reduce Headaches

Sure, you could take the time to do your research on how to remove a stump. You could go to Home Depot, rent a high-powered stump grinder, and risk your health trying to operate it without training. You could spend every winking moment of your free time trying to grind the stump down so you can remove it from your yard. But why go through all that trouble when a trustworthy, experienced stump removal company like Planet Green Tree Service is only a phone call away?

Our team of stump removal professionals uses state-of-the-art tools designed to keep your property damage-free during the removal process. We will turn your yard into a beautiful blank slate, so you can focus on enjoying your stump-free while we haul away all the debris.

 Tree Pruning Daniel Island, SC

Your Premier Tree Service Company in South Carolina

With 33 years of experience, it's no wonder why so many South Carolina locals choose Planet Green Tree Service for tree trimming and stump removal in their city. Clients love us because we believe in exceeding your expectations, no matter how large or small a job is.

  • Conduct themselves in a professional manner
  • Provide you with exemplary tree care services
  • Arrive at your home or business on time and ready to work
  • Provide you with affordable service rates

Contact our office to learn more about our tree services in South Carolina or to schedule your free quote today!

Latest News in Daniel Island, SC

Cainhoy farm seeks single-family residential zoning

This week there are a large number of multifamily and large residential developments coming before the various City of Charleston boards and committees. Below are those items as well as the application results for specific items to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.Jan. 12: A site plan for Hawthorne at Clements Ferry Road, a 210-unit multifamily development on 11 acres at 2800 Clements Ferry Rd.A preliminary subdivision plat and road construction...

This week there are a large number of multifamily and large residential developments coming before the various City of Charleston boards and committees. Below are those items as well as the application results for specific items to Daniel Island and the Cainhoy area. More detailed agendas and results can be found at charleston-sc.gov/agendacenter.

Jan. 12: A site plan for Hawthorne at Clements Ferry Road, a 210-unit multifamily development on 11 acres at 2800 Clements Ferry Rd.

A preliminary subdivision plat and road construction plans for Del Webb Entrance Road, a new public road on 11 acres on Clements Ferry Road.

Jan. 4: Request a variance to allow the removal of one grand tree at 15 Surr St. on Daniel Island. Results: Pending.

Jan. 5: A site plan for Woodfield Daniel Island 3, a 163-unit multifamily development on 6 acres at 2058 Benefitfocus Way. Results: Pending final documentation to Zoning, T&T and MS4. Once approved, submit Site Plan to Zoning for stamping.

Jan. 10: An ordinance to rezone 10.32 acres at 638 Tuxbury Farm Road and two adjacent parcels on Tuxbury Farm Road in Cainhoy to single-family residential zoning. The property is owned by Ray and Angela Waits. Results: Pending.

An ordinance to rezone 5.71 acres at 715 Yaupon Drive & 2682 Highway 41 in Cainhoy to diverse residential zoning. The property is owned by Rumphs Auto Service et al. Results: Pending.

Berkeley Co. Bd. of Education meets twice each month. Executive Committee meets at 5:30 p.m.; meeting starts at 6:30 p.m.

Berkeley Co. Council meets fourth Mon. of each month, 6 p.m., Berkeley County Admin. Blg., 1003 Hwy 52, Moncks Corner.

City of Charleston Council typically meets the second and fourth Tues. of each month, 5 p.m., City Hall, 80 Broad Street, Charleston, SC and/or virtually via Conference Call #1-929-205-6099; Access Code: 912 096 416. Exceptions: Summer Schedule - 3rd Tues. of June, July, and August; December meetings on the 1st and 3rd Tues. Dates and locations subject to change.

City of Charleston Technical Review Committee meets every Thurs. at 9 a.m.via Zoom.

City of Charleston Board of Zoning Appeals – Site Design meets the 1st Wed. of each month at 5 p.m. via Zoom.

City of Charleston Board of Zoning Appeals – Zoning meets the 1st and 3rd Tues. of each month at 5:15 p.m., except for January and July when no meeting is held on the 1st Tues.

City of Charleston Design Review Board meets the 1st and 3rd Mon. of every month at 4:30 p.m.

City of Charleston Planning Commission meets the 3rd Wed. of every month at 5 p.m.

City of Charleston Board of Architectural Review – Large projects meets the 2nd and 4th Wed. of every month at 4:30 p.m.

City of Charleston Board of Architectural Review – Small projects meets the 2nd and 4th Thurs. of every month at 4:30 p.m.

All meetings are open for public comment except the City of Charleston Technical Review Committee meetings.

For more information, contacts for specific projects and on location and time of the meetings or to learn more, visit charleston-sc.gov/AgendaCenter/.

Children’s authors to lead 2023 Author Series with coastal stories

Thanks to the generous support of the Daniel Island Community Fund and Bublish, Inc., the Daniel Island News Author Series returns in 2023. The series kicks off with two local children’s book authors who explore stories set by the sea. Join authors Leigh Cook andBenjamin Pogue on Jan. 25, 4 p.m. at the Daniel Island Library. The event is free. Reserve your space at: bit.ly/3Qf0UaN.“Nobi” by Leigh Cook Written by a Daniel Island School teacher and mother of two, “Nobi” is a s...

Thanks to the generous support of the Daniel Island Community Fund and Bublish, Inc., the Daniel Island News Author Series returns in 2023. The series kicks off with two local children’s book authors who explore stories set by the sea. Join authors Leigh Cook and

Benjamin Pogue on Jan. 25, 4 p.m. at the Daniel Island Library. The event is free. Reserve your space at: bit.ly/3Qf0UaN.

“Nobi” by Leigh Cook

Written by a Daniel Island School teacher and mother of two, “Nobi” is a sweet story about a young “merdog” – half-mermaid, half-dog – looking for answers and acceptance and is the perfect addition to family bookshelves, school libraries, classrooms, and discussions about embracing your differences and finding your own true path.

Nobi lives in the ocean with her seal pod and her seal parents, but she doesn’t quite seem to fit in. When she decides to take a chance and ventures onto the beach, she discovers a whole new life and has great adventures. Torn between her duty to protect the ocean and her desire to live on land, will Nobi ever find out where she truly belongs?

Cook decided to write Nobi because her daughter was going through a tough time and felt like she was not accepted by her friends. Cook believes no child should ever feel this way. Her hope is that “Nobi” helps children realize they shouldn’t hide their differences because they make us who we are and can help us find our purpose in life.

The book is illustrated by Catherina Matigina.

“A Walk Along the Sea” by Benjamin Pogue

An illustrated poem by Daniel Island resident Benjamin Pogue about love, nature and the wisdom of treasuring them, this watercolor illustrated children’s poem takes the reader on a journey along the water’s edge to discover crabs, shells and surf and how the ocean leaves behind “boneyards,” or maritime forests that are visible, left awash in the surf. The book’s nature and conservation themes encourage the reader to get outdoors, to explore and to take care of our families and the world around us.

Pogue is a retired marketing and consulting executive with a passion for the Lowcountry and for conservation.

Pogue hopes the poem will bring families together to explore the natural beauty that is found throughout the region. When his book was first released, he explained, “My message, in part, is that parents need to take their children out in the wilderness and see all the beautiful treasures we have in South Carolina… I would love for families to explore together all the undeveloped areas of our coast, so they can appreciate the true treasure of nature.”

The book is illustrated by former Daniel Island resident Johanna Hughes.

Feb. 22 – Civil War Era – Historical Fiction

The February author series event will be held at 7 p.m. in the theater at Daniel Pointe Retirement Community and will feature the award-winning historical novels “Railsplitter” by John Cribb and “Trouble the Water” by Rebecca Bruff.

BCSD school board debates hiring of deputy superintendent; lawsuit explained

Acrimony filled the air at the Berkeley County School District school board’s meeting on Dec. 13. The board’s first meeting with its newly appointed superintendent came a day after a civil lawsuit filed by its previous superintendent.Two minutes into the meeting, the board broke for executive session to discuss the release of teachers under contract and other legal matters. One-and-a-half hours later, the meeting resumed and there was still a room full of unsatisfied citizens who voiced dissatisfaction and wanted answers f...

Acrimony filled the air at the Berkeley County School District school board’s meeting on Dec. 13. The board’s first meeting with its newly appointed superintendent came a day after a civil lawsuit filed by its previous superintendent.

Two minutes into the meeting, the board broke for executive session to discuss the release of teachers under contract and other legal matters. One-and-a-half hours later, the meeting resumed and there was still a room full of unsatisfied citizens who voiced dissatisfaction and wanted answers from the new administration about the firing of former Superintendent Deon Jackson and the hiring of new Superintendent Dr. Anthony Dixon.

At the meeting, the board voted 6-3 to approve Superintendent Dr. Anthony Dixon’s contract. Dixon’s contract includes a base salary of $225,000 – by comparison $10,000 more than his predecessor, former Superintendent Deon Jackson.

Dixon later gave his superintendent report and addressed the questions looming around his qualifications and noted that his superintendent certification was completed in July 2013. The S.C. State Department of Education received Dixon’s final documentation from his alma mater, South Carolina State University, and certified him on Dec. 13.

Dixon also addressed the appointment of Dr. Karen Whitley as the new deputy superintendent. Whitley, who has more than 40 years of experience in education at BCSD, is also the mother of Berkeley County Council District 2 representative Josh Whitley.

Whitley, the chief human resources officer and associate superintendent for student services and programs, was publicly named to the position on Dec. 5. The former Berkeley Elementary and Philip Simmons Elementary principal’s qualifications weren’t in question, but rather the manner of her hiring.

Board member David Barrow questioned Dixon about the time and place of Whitley’s hiring. Dixon admitted that he recommended Whitley for the job on Nov. 16, a day after he was hired, when he invited her to attend a cabinet meeting.

Barrow further inquired about the notice of Whitley’s position. Dixon noted that he only informed board chair Mac McQuillin and didn’t give the other members any notice.

In the final minutes of the meeting, McQuillin and Barrow traded barbs about the advertising of Whitley’s position and past leadership decisions. Barrow asserted that Dixon and McQuillin circumvented the hiring process of the district with “unfettered practices.”

McQuillin noted that Whitley’s position is revenue neutral and therefore will not impact the budget. Whitley still does not have a contract at this time.

Former BCSD Superintendent Jackson seeking compensatory, punitive damages

Former BCSD Superintendent Deon Jackson filed a 25-page lawsuit on Monday, Dec. 12. The individual defendants listed include: Joe Baker, Dr. Anthony Dixon, Brandon Gaskins, Jimmy Hinson, Kathy Littleton, Stafford “Mac” McQuillin, Michael Ramsey, Sally Wofford and the Berkeley County School District.

Jackson cited the following causes of action: civil conspiracy, breach of contract, interference with a contractual relationship, violation of FOIA, defamation, invasion of privacy, intentional infliction of emotional distress and gross negligence.

Attorneys Donald Gist and Erica McCrea of Gist Law Firm, located in Columbia, represent Jackson. The suit requests a jury trial in Berkeley County.

Jackson alleges that the four re-elected members of the board – McQuillin, Littleton, Wofford and Ramsey – held private meetings in-person and via telephonic means. In addition, he alleges that the two non-sworn newly-elected members – Baker and Hinson – participated

in the illegally constituted meetings conspiring to terminate him.

Further, Jackson alleges that on the morning of Sunday, Nov. 13, while attending virtual church services, he received a “shocking and disturbing phone call” from McQuillin informing him that the six BCSD board members were prepared to terminate his employment at the Nov. 15 board meeting.

Jackson alleges that McQuillin gave him an ultimatum: Resign from his post or he would be terminated. The termination would be without cause and without an offer of a severance agreement if voted upon.

The lawsuit claims that McQuillin and Gaskins previously spoke about plans to terminate him before Gaskins was hired as the district’s legal counsel.

Jackson alleges that McQuillin released an improperly/illegally posted Berkeley County School District statement on Nov. 23 regarding the termination. He alleged the statement was released without approval of the entire board.

In referencing the Nov. 23 statement, the suit alleges that McQuillin admitted that he spoke to Dixon prior to the Nov. 15 board meeting about becoming the superintendent of BCSD.

The lawsuit provides, “Defendant McQuillin and named Defendants were grossly negligent in not researching South Carolina law/statutes and South Carolina Department of Education regulations in their haste to conspire and carry out their mission to destroy Plaintiff as Superintendent of Defendant BCSD.”

Jackson is seeking compensatory and punitive damages for mental anguish, pain and suffering, harm to his economic opportunities, any back pay, front pay and future earnings with cost-of-living adjustments, prejudgment interest, fringe benefits, retirement benefits, attorney fees and other litigation expenses.

Berkeley County receives $368k from National Opioid Settlement

Eligible organizations, nonprofits may apply for grantsThe first influx of funds from the $26 billion National Opioid Settlement will help numerous Berkeley County organizations aid people suffering from the addiction crisis.The county received $368,557 as an initial installment from the South Carolina Opioid Recovery Fund through which the state will distribute its settlement share of more than $360 million.“The opioid epidemic is one that has plagued our nation for years, and we are even seeing its harsh effects ...

Eligible organizations, nonprofits may apply for grants

The first influx of funds from the $26 billion National Opioid Settlement will help numerous Berkeley County organizations aid people suffering from the addiction crisis.

The county received $368,557 as an initial installment from the South Carolina Opioid Recovery Fund through which the state will distribute its settlement share of more than $360 million.

“The opioid epidemic is one that has plagued our nation for years, and we are even seeing its harsh effects in our communities here at home,” said Berkeley County Supervisor Johnny Cribb in a statement. “Our county agencies such as EMS, Berkeley County Sheriff’s Office, volunteer fire departments, and the Coroner’s Office, as well as local nonprofits, work hard to deal with the effects and combat opioid use locally. County Council and our administration are thankful for this much-needed settlement funding and will ensure it is utilized in a positive, life-changing way for our citizens.”

Eligible organizations and nonprofits have until 5 p.m. on Jan. 31 to apply for the Berkeley County grants. Eligible applicants include organizations and agencies that work directly on the front lines of the opioid epidemic and/or assist in opioid addiction recovery or preventative services.

Funding must be used for one or more of the following approved opioid remediation uses:

· Naloxone or other FDA-approved drug to reverse opioid overdoses;

· Medication-assisted treatment (MAT) distribution and other opioid-related treatment;

· Pregnant and postpartum women;

· Expanding treatment for Neonatal Abstinence Syndrome (NAS);

· Expansion of warm handoff programs and recovery services;

· Treatment for incarcerated population;

· Prevention programs;

· Expanding syringe service programs; and

· Evidence-based data collection and research analyzing the effectiveness of the abatement strategies within the state.

Organizations can go online here to apply for the grants.

South Carolina is set to receive its National Opioid Settlement funding over the next 18 years. At least 92 percent of these funds will be used to address the opioid crisis across the state. More than $100 million will be disbursed to nonprofits, hospitals, state agencies and other organizations working to help address this epidemic. Funding from the national settlement stems from manufacturers, distributors and pharmacies involved in the opioid process.

Economist: Expect ‘inevitable’ recession by 2024

Business owners should expect a recession to hit the U.S. economy in the first half of 2024, a Daniel Island economist said during an annual economic forecast in December.Stephen Slifer, a former chief economist for Lehman Brothers and former senior economist for the Federal Reserve, told hundreds of business owners, professionals and government officials in Charleston that the national economy continues to remain strong even with rising inflation fears and a looming recession.“The stock market has gotten whacked pretty g...

Business owners should expect a recession to hit the U.S. economy in the first half of 2024, a Daniel Island economist said during an annual economic forecast in December.

Stephen Slifer, a former chief economist for Lehman Brothers and former senior economist for the Federal Reserve, told hundreds of business owners, professionals and government officials in Charleston that the national economy continues to remain strong even with rising inflation fears and a looming recession.

“The stock market has gotten whacked pretty good this year,” he said. “Yet, the economy keeps hanging in there.”

If a recession does come in 2024, businesses could experience a recovery during the second half of that year, he said.

Slifer, who writes a column for SC Biz publications and operates a data analytics firm in Charleston, said several indicators that economists watch are predicting a recession.

“When are we expecting some sort of a recession?” Slifer said. “I don’t want to oversimplify this, but there’s a couple of things that I’m looking at. There's all sorts of leading indicators.”

Slifer said the real funds rate and the yield curve, along with specific federal policy changes, give economists a reason to think a recession will occur in 2024.

The real funds rate is essentially the real interest rate with a subtraction for inflation, which indicates the actual cost of borrowing money and what a lender might expect as a return for lending money. Along with the real funds rate, Slifer said economists also look for an inverted yield curve.

“It’s just the difference between long rates and short rates,” Slifer said. “Usually, long rates are higher than short rates, so the thing slopes upward. But then the Fed comes along and they start raising rates up, up, up, up, up, go short rates. Eventually short rates get to be higher than long rates and now the curve shows slopes downward. That’s known as an inverted yield curve.”

Slifer said that an inverted yield curve is typically a sign that Fed policy has become “too tight.” He said historically, going back about 50 years, when economists detect an inverted yield curve, a recession is about one year away.

“So both of my warning signals are telling me that something is going to happen by the middle of next year, so for that reason I’m looking for a recession in the first half of 2024,” Slifer said, adding, “No recession for now, but I think it’s inevitable.”

In a year that saw continually rising interest rates, inflation, a battered stock market and late-year massive layoffs, particularly in the tech sector, Slifer’s annual economic forecast sold out.

With several questions coming about federal policy, student loan forgiveness and the status of entitlements such as Medicare, Medicaid, Social Security, federal pensions, including veterans’ benefits, he said the U.S. needs to do better with its monetary policy, including finding the political will to deal with looming insolvency issues with some of those programs. He said the Obama Administration had a possible plan in hand that could have tackled these issues but decided against going forward. He said given the division in Washington, it’s unlikely any lawmakers would have the will to take on such thorny, difficult and costly issues.

Slifer said the status of the economy, with ever rising inflation but not a residual reduction in spending, can be found in the data and monetary policy decisions. Because inflation is tied to the real funds rate as an indicator of a recession, understanding how to navigate and mitigate that could become critical to emerging from an economic downturn.

“The last couple of years, I think that fiscal and monetary policy that we’ve got in this country has gone seriously off track,” Slifer said.

He said our current monetary issues can be traced back to a government overreaction beginning in March and April 2020 with shutdowns related to the COVID-19 pandemic and gross domestic product dropping 30% for the quarter.

“In dollar terms, that’s about $2.1 trillion, right? And yet it wasn’t consumers, it wasn’t businesspeople that did any of that. This was on the government. They did it,” Slifer said, referring to the shutdowns. “I think they felt a responsibility to make people whole.”

Slifer said that the first stimulus of $2 trillion might have made sense, but the money kept coming with stimulus payments coming to businesses and individuals, in addition to the federal government buying debt.

By the time the stimulus packages had ended, the $2 trillion in economic aid had nearly quintupled. He said a lot of people likely paid down debt, giving them the ability to spend more now, which has resulted in a strong economy even with rising inflation based on consumer spending and a willingness to go into debt.

“Add it all up, we had $9.5 trillion worth of stimulus for Pete’s Sake,” Slifer said. “We were trying to solve a $2 trillion problem. That just seems like gross overkill to me, and we’re sitting here wondering … ‘I wonder why inflation is so high.’ Well, here’s a start.”

Slifer also said the Fed underestimated the depth and causes of inflation. He said when he was at the Federal Reserve, politics did not figure into Fed policy, and he’s reluctant to say that has been happening now. He said instead he wanted to think it was just a miscalculation based on circumstances that were difficult to predict.

Slifer said the Fed thought inflation initially was just temporary, and said inflation was simply a result of supply disruptions and other things that had taken place during the pandemic. He said they just expected inflation to go away.

“They stuck to that theme for a year and a half,” he said. “They didn’t give up until December of last year, and then they finally said, ‘Uh, oh, you know this inflation is just not as temporary as what we thought. We’ve got a problem here, and by the way, we’re way behind the curve and we’re going to start raising rates.’ The Fed, in my view, was about 18 months too late. That’s a long time.”

Being slow to react to inflation and an overreaction with stimulus payments going through March 2021, even though the pandemic recession ended in April 2020, has had a ripple effect that impacts inflation, fiscal policy, real estate and investments along with difficulties in the labor market, Slifer said.

“It absolutely was totally unnecessary in my view,” Slifer said. “There are consequences to that stuff. That’s why we’re sitting here looking at these really high inflation rates, interest rates have risen dramatically, (and) government debt has exploded.”

One audience member asked if the Charleston area might be somewhat “insulated” from the recession he predicts a year from now considering that the region typically does not to fall as far and bounces back faster than other areas during economic downturns.

Slifer said with the strength of the housing market at different price points and the demographics of the many people who continue to move into the market, he does not expect to see the decline in housing, GDP, and the labor markets that other areas might experience. But he said while there might be a diminished impact for the Charleston region, he said he would not use the word “insulated.”

“Are we going to be insulated and not see (home) prices drop? I don’t think so,” he said, adding, “We are not insulated. We’re going to move in the same direction, but I guess with a lesser degree.”

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