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2004-2008: 82.6% Credit risk : In C&I lending, at least part of the collateral is intangible. The emphasis for commercial credit riskmanagement and evaluation is cash flow, fixed charges coverage, and working capital cycles. 2010-2023: 137.3% trillion, Pruis said.
The “Fiscal Cliff” Who in their right minds would have so many critical tax codes and laws expiring all on the same year-end date? The stock markets rejoiced and rallied 2% to 3% on January 2nd, because the fiscal cliff was now manageable, not an apocalypse. The estate tax exemption was raised to $5 million per individual.
So far, about half of the positive economic impact of the surprise 2% reduction in social security taxes and small business tax cuts are gone because of higher gas prices. for 2011 earlier this year after the surprise tax cuts for consumers and businesses. and equal to the average rate of GDP growth from 2000 to 2004.
Government and regulators are contributing to the pessimism with financial reform legislation that does not even address some of the causes of the crisis, new FASB proposals to impose harmful mark-to-market accounting on bank loans, and the looming expiration of the Bush tax cuts in 2011. Bummers all.
On June 28th, the Supreme Court upheld the Affordable Care Act as constitutional, calling penalties on individuals for failing to purchase health insurance a “tax.” This decision sets in motion a series of steps to implement the law over the next few years along with the estimated $813 billion in taxes and levies over the next ten years.
Congress entered the mix and extended the Bush tax cuts for two years and unexpectedly added new tax cuts for consumers and businesses. Combined these tax breaks can provide up to 0.5% Combined these tax breaks can provide up to 0.5% Dorothy has been with First Federal of Bucks County since November, 2004.
After easing and keeping rates low for three years, the Fed began tightening from June, 2004 to June, 2006. This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. The economy has grown 2.2%
Many businesses remain uncertain due to the increased regulatory burden, the drama in the insurance markets due to Obamacare, income tax changes, and a still high unemployment rate at 7%, which serves to keep personal incomes in check and consumer spending under wraps. Dorothy has been with First Federal of Bucks County since November, 2004.
No extended tax cuts and business credits are in our future. in May, will be the only tax cut we will get. DJ 07/06/11 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis.
Lower GDP means lower inflation but it may also mean lower tax receipts. DLJ 06/30/24 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis.
But we know that only three things in life are certain—death, taxes, and a Fed that goes too far. or more, we can expect the same psychological reaction from consumers—reduced spending—just as they would react to higher taxes. Dorothy has been with First Federal of Bucks County since November, 2004.
Tax cut and tax reform proposals have been floated. I believe that tax cuts will spur economic growth, but only if they do not increase government borrowing and the federal deficit. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. There isn’t much mention of infrastructure projects.
Much uncertainty still exists as to whether Congress will extend the tax cuts that are set to expire on January 1, 2013. DJ 10/03/12 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis.
Economic growth picked up strongly in the second quarter, with a reading of +4.2%, as momentum from the tax cuts and deregulation pushed spending and investment higher. Fiscal stimulus in the form of tax cuts, especially for corporations, led to spikes in investment and spending. Economy The economy is on a roll!
The impact of the tax cuts has faded. However, don’t count on the usual spending boost from personal tax refunds as they are down by over $6 billion from this time last year. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. I estimated that real GDP growth would be between 2.0%
Trillions of dollars of subsidies on “green” BS projects, electric vehicles no one wants, tax credits, debt forgiveness, and free money all fuel demand and contribute to inflation. Dorothy recently retired from Penn Community Bank where she worked since 2004. Real GDP was +3.2% in 4Q23, of which.73%
Future tax rates and compliance costs are also causing uncertainty, most notably from the still unresolved situation with the Bush tax cuts set to expire in 2011, health care costs, and financial reform costs. Dorothy has been with First Federal of Bucks County since November, 2004.
This will act like a tax cut at just the time when it seems Washington DC will not provide one. DJ 10/05/11 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis. per gallon.
A tightening campaign that started in December, 2015 and has totaled 2.25% has basically offset the boost from tax cuts and the tightening also succeeded in flattening the yield curve. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.
The promises included tax cuts to 15% (although a much less dramatic decrease is expected), repeal and replacement of ObamaCare (stalled in the Senate), regulatory reform (some energy rules relaxed, but not much else), infrastructure spending to repair and replace our crumbling structures, roads, airports, electrical grids, etc.
Falling oil prices, and falling gasoline prices, are like a welcome tax cut for consumers who are saddled with low wage growth and lack of good jobs. 03/30/15 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis.
percent in 2004, a decline of 1.1 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. High-tech employment fell from 12.1 percent of all jobs in 2001 to 11.3 What caused a dot-com bubble? The Y2K scare also had companies pouring money into tech firms.
I have always believed that cheaper oil and gas prices are like a tax cut that helps consumers save money on their “taxes” and spend it on other discretionary goods and services. Dorothy has been with First Federal of Bucks County since November, 2004. I was gratified to hear Janet Yellen reiterate this same point.
Tax cuts are adding stimulus and leading to improved business and consumer optimism, but there are some offsetting factors in the form of Fed tightening, low productivity, and large levels of debt, especially at the federal government as they fund what could be a $1 trillion plus deficit this fiscal year. Gas prices remain below $3.00
Corporate and personal tax cuts were promised, with the corporate rate dropping from 35% to 15%. I saw an estimate that 50% of the effect of tax cuts flows through to growth in the first eighteen months. In the early 1980s, the Reagan tax cuts took two years to push GDP growth above 3.0%
The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis.
Stocks rallied wildly during November at the promise of lower taxes and an improved business environment. DLJ 12/19/24 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, riskmanagement, and financial analysis.
Tariffs and Taxes The media also developed a recession narrative during the first quarter, even though few, if any, corporations mentioned recession during their first quarter earnings calls. Dorothy recently retired from Penn Community Bank where she worked since 2004.
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