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Guest Post: Fourth Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Then, just as rates hit these lows, Ben Bernanke and the Federal Reserve announced another gigantic quantitative easing program, called “QE2” by the markets, where they stated they will purchase $600 billion in Treasuries through mid year 2011. Combined these tax breaks can provide up to 0.5% What About 2011? So what happened?

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

in 2018, but about equal to the average growth since 2011. The impact of the tax cuts has faded. Our current economic recovery is fast approaching a longevity record; growth through July, 2019 would set the new record at 121 months, surpassing the 1991 to 2011 recovery. I estimated that real GDP growth would be between 2.0%

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Guest Post: Second Quarter Economic Update

Jeff For Banks

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. to 3% into 2011. Bummers all.

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Guest Post: Quarterly Financial Markets and Economics Update by Dorothy Jaworski

Jeff For Banks

Since 2011, productivity has fallen by -.4%. 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. The last seven years are proof. Thanks for reading!

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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. The economy has grown 2.2% Consider the trade wars and tariffs. Thanks for reading!

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Guest Post: Second Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

2011 started with so much economic promise. Economists keep ratcheting down their projections for GDP for 2011 and 2012, probably as a result of the weaker forward looking indicators. Since the Great Recession began in December, 2007, until May, 2011, we are still down a net of 6.5 in May, will be the only tax cut we will get.

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Guest Post: First Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

But we know that only three things in life are certain—death, taxes, and a Fed that goes too far. It is no surprise that growth slowed in 2011 as gas prices reached a “tipping point” of $4.00 or more, we can expect the same psychological reaction from consumers—reduced spending—just as they would react to higher taxes.