Jeff For Banks

JANUARY 19, 2011

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% The intent was to keep the crazy low rates low, or push them even lower.

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Jeff For Banks

APRIL 2, 2011

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. The Missing People I usually do not obsess over economic data but I have been trying to figure out why the unemployment rate managed to drop from 9.8%

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Jeff For Banks

APRIL 27, 2019

I along with countless other managers and investors were finally happy. 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. Chairman Jerome Powell listened and stopped raising short-term rates.

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Jeff For Banks

APRIL 10, 2015

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, risk management, and financial analysis.

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Jeff For Banks

DECEMBER 12, 2017

Today, NPL/total loans is a manageable 0.94%, and the Bank ROA/ROE year-to-date is 1.22% and 11.61% respectively. Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2 billion in assets commercially focused community bank based in southern New Jersey, serving Philadelphia and its suburbs.

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Jeff For Banks

FEBRUARY 1, 2019

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. The slowdown in GDP was inevitable because of higher interest rates. Thanks for reading!

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Jeff For Banks

JULY 8, 2017

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.

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Jeff For Banks

JANUARY 12, 2015

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. Well- no one- except maybe Dr. Lacy Hunt of Hoisington Management, who has been on top of trends most of us do not see. Stay tuned! Thanks for reading!

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Philadelphia US Policies Taxes 60

Jeff For Banks

APRIL 22, 2018

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

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CB Insights

MAY 23, 2019

Select Investors: MasterCard, Wellington Management. Liberty was also accused of using funds to support his other business ventures, pay for interior decoration services for his ex wife, and pay a discouragement penalty levied against another of Liberty’s investment schemes by the SEC’s office in Philadelphia. The Outcome.

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Jeff For Banks

FEBRUARY 3, 2017

In the past ten years, the economy has not managed even one year of 3.0%+ growth. 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. So what has been holding us back?

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Marketing Taxes Regulation US 60

Jeff For Banks

NOVEMBER 16, 2020

The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. Did you manage a vacation over the summer? Our regional economy, covered by the Philadelphia Federal Reserve’s Third District, is doing well into the fourth quarter. Projections for 2021 are at about +7.0%

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