Jeff For Banks
MARCH 21, 2024
In the markets, we watched helplessly as real GDP plummeted -5% in 1Q20 and -31% in 2Q20 before rebounding by +33% in 3Q20. I’ve previously theorized that China would try to reclaim its global market share lost during the pandemic by flooding the markets with cheaper goods. This development could give us good news on inflation.
PYMNTS
MARCH 2, 2020
The Silicon Valley-based Credit Karma, which was founded in 2007, said it has in excess of 100 million users, about twice as many as Intuit. As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers.
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PYMNTS
NOVEMBER 14, 2018
Wilkinson, a British former head of markets in Danske’s Estonian branch until 2014, helped reveal how the non-resident money flowed through the tiny branch between 2007 and 2015. He already won a $104 million reward in 2012 for whistleblower Bradley Birkenfeld, the man who lifted the lid on tax evasion facilitated by UBS.
PYMNTS
MARCH 23, 2020
David Joy, chief market strategist with Ameriprise in Boston, said while he applauds the Fed for trying, it simply won’t be enough. If you don’t have the right credit, and you’re dependent on the bond market to provide that, you’re going to have to lay people off.
Jeff For Banks
AUGUST 12, 2018
This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. In my career, I’ve lived through many years of the Fed raising interest rates and it’s my experience that they usually tighten too much and keep rates high for too long, just like in 2001 and 2006-2007. The economy has grown 2.2%
Jeff For Banks
JULY 8, 2017
The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) Presidential Agenda I am very surprised that the markets are not having fits over the lack of progress on the presidential agenda.
TrustBank
DECEMBER 8, 2022
The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly.
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