Remove 2004 Remove Community Bank Remove Retail Remove Risk Management
article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

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? We thought our customers would stay with our bank, no matter what.

FDIC 78
article thumbnail

Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The economy is slowing, as seen in the auto, housing, manufacturing, and retail sectors. 04/15/19 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. Who said anything about rate cuts?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

They must not see falling oil prices, weak GDP growth, falling gold prices, a narrowing Treasury-TIPS spread, rising debt levels, lower consumer spending, a low labor force participation rate, low productivity, and consumer prices so weak that major retail companies are closing stores at a record pace. Rising debt levels will not stop them.

article thumbnail

Guest Post: Financial Markets and Economic Commentary by Dorothy Jaworski

Jeff For Banks

Although the economy is looking a little bit tired, I believe that consumers will continue to spend, with retail sales rising, albeit with some volatility. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. The Outlook I am sticking to my forecast of real GDP growth of +2.0%

article thumbnail

Guest Post: Financial Markets and Economic Commentary by Dorothy Jaworski

Jeff For Banks

Readers note: You can also view this post on Penn Community Bank's website. Parts of the economy are still running including the essential services of grocery stores, electric, water, cable, Internet and Wi-Fi, hospitals, banking, phone services, post office, trash pickup, and trucking and delivery services. Click here.

article thumbnail

Guest Post: 2nd Quarter 2022 Financial Markets and Economic Update by Dorothy Jaworski and Sam Weller

Jeff For Banks

Consider the cost of a Starbucks Venti Frappuccino: now retailing at $5.25 Sam Weller 5/16/2022 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. Think that’s bad?

article thumbnail

Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Consumer spending and retail sales have shown weakness since the fourth quarter of 2017 but we should see improvement. DJ 04/12/18 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.