Jeff For Banks

AUGUST 12, 2018

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%

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Jeff For Banks

MARCH 21, 2024

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%

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Jeff For Banks

APRIL 27, 2019

I admire his business savvy, his wealth of knowledge about the economy and the financial markets, his ability to deal with crisis, and his dedication to making people’s lives better through JP Morgan Chase Bank community initiatives. The impact of the tax cuts has faded. I estimated that real GDP growth would be between 2.0%

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Jeff For Banks

JUNE 2, 2023

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. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? High-tech employment fell from 12.1 percent of all jobs in 2001 to 11.3

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Jeff For Banks

FEBRUARY 3, 2017

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%

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Jeff For Banks

NOVEMBER 1, 2017

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.

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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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