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

APRIL 27, 2019

The economy is slowing, as seen in the auto, housing, manufacturing, and retail sectors. 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.

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Jeff For Banks

JULY 8, 2017

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.

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Jeff For Banks

AUGUST 1, 2019

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% in 2018 and +3.1%

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Jeff For Banks

MAY 4, 2020

Readers note: You can also view this post on Penn Community Bank's website. The worst hit businesses with employees who are not fortunate enough to work have been retail stores, restaurants, bars, automobile sales, entertainment, sporting events, schools, airlines, and travel and vacation destinations. Click here.

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Jeff For Banks

MAY 31, 2022

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? per gallon on a good day.

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Jeff For Banks

APRIL 22, 2018

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.

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