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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. trillion of securities amassed during QE1 and QE2. Maybe it is nationally, but Bucks County (PA) has yet to participate. 6% and 1.2%

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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

Incidentally, your QE 1 to 3 programs ran for six years, accumulated three trillion dollars of securities, and pushed long term rates lower when your forward guidance could not do so. The National Association of Business Economics, or “NABE,” is almost as optimistic at close to 3%. and Janney Capital Markets at 2.1%

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Guest Post: 3rd Quarter Economic Review by Dorothy Jaworski

Jeff For Banks

Treasuries, Agencies, mortgage backed securities, corporate, municipals- all were battered because the markets believed that the Federal Reserve was about to cut the amount of, or “taper,” its $85 billion of monthly purchases of long term bonds. Dorothy has been with First Federal of Bucks County since November, 2004.

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Guest Post: First Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

This is another factor that will be considered by the Fed; a strong dollar will support lower interest rates as demand for US securities increases relative to the bonds of other nations. Dorothy has been with First Federal of Bucks County since November, 2004. So will the Fed raise rates in 2015? Only they know for sure.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Housing markets have begun to improve with the national indices showing year-over-year growth of 3% to 4% recently. All workers will be impacted by the expiration of the payroll tax “holiday,” which means the Social Security tax goes from the temporary level of 4.2% on the S&P 500 exceeding the yield on 10 year Treasuries of 1.73%.

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Guest Post: 3rd Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Well, if you are NBER, or National Bureau for Economic Research, and you wait fifteen months to declare that the recession was over in June, 2009 (its duration was 19 months), no one will care. Dorothy has been with First Federal of Bucks County since November, 2004. When we needed action in the second quarter, the Fed did not act.

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