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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Economic growth picked up strongly in the second quarter, with a reading of +4.2%, as momentum from the tax cuts and deregulation pushed spending and investment higher. Fiscal stimulus in the form of tax cuts, especially for corporations, led to spikes in investment and spending. Student debt has more than doubled from 2008 to $1.5

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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

Trillions of dollars of subsidies on “green” BS projects, electric vehicles no one wants, tax credits, debt forgiveness, and free money all fuel demand and contribute to inflation. It sounds like 2007 all over again, when people got tired of looking at LEI and then in 2008, all hell broke loose. Real GDP was +3.2% in 4Q23, of which.73%

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

trillion in 2008. million at the end of December, 2007, before the crisis hit in 2008. million in December, 2008 and the peak occurred in October, 2009 at 21.4 Weak readings on employment, housing data, and retail sales won’t stop them. Rising debt levels will not stop them. Household debt in 1Q17 totaled $12.73 For what reason?

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

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. After losses of $24 and $23 million, respectively in 2008 and 09, the regulators in 2010 said enough is enough.

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

Jeff For Banks

He succeeded in saving us from true disaster in 2008, but has not been able to accomplish his goal of strong economic growth. I keep thinking back to the Phillies playoff loss in 2007, which taught them “how to lose” before they came back strong and won it all the following year in 2008. Just saying.

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Guest Post: Second Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

On June 28th, the Supreme Court upheld the Affordable Care Act as constitutional, calling penalties on individuals for failing to purchase health insurance a “tax.” This decision sets in motion a series of steps to implement the law over the next few years along with the estimated $813 billion in taxes and levies over the next ten years.

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Guest Post: Second Quarter Economic Update

Jeff For Banks

The stress of September, 2008 to March, 2009 was beginning to be erased by an economic recovery, as signaled by stocks that rallied over 60% from fearful lows to levels that supported growth. Existing and new home sales fell sharply in May, but this followed the unusually high months of March and April that contained the $8,000 tax credit.

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