Jeff For Banks

JANUARY 19, 2011

Then, just as rates hit these lows, Ben Bernanke and the Federal Reserve announced another gigantic quantitative easing program, called “QE2” by the markets, where they stated they will purchase $600 billion in Treasuries through mid year 2011. Combined these tax breaks can provide up to 0.5% What About 2011? So what happened?

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Jeff For Banks

AUGUST 12, 2010

Government and regulators are contributing to the pessimism with financial reform legislation that does not even address some of the causes of the crisis, new FASB proposals to impose harmful mark-to-market accounting on bank loans, and the looming expiration of the Bush tax cuts in 2011. to 3% into 2011. Bummers all.

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Jeff For Banks

APRIL 2, 2011

So far, about half of the positive economic impact of the surprise 2% reduction in social security taxes and small business tax cuts are gone because of higher gas prices. Growth for 2011 Economists were stampeding over each other to raise their GDP forecasts to 3.5% It may not take long before the remainder is gone, too.

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Jeff For Banks

OCTOBER 11, 2011

In another easing action dubbed “Operation Twist,” the Fed stated that they will sell $400 billion of their shorter securities (less than 3 year maturities) and buy the same amount of longer securities (6 to 30 year maturities) by June, 2012. in the second quarter of 2011. They haven’t tried a “twist” since the 1960s.

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DC Security Washington Risk Management 66

Jeff For Banks

OCTOBER 21, 2010

Every month, we keep getting their pledge to “keep rates low for an extended period of time” and their promise that, if the economy slips further, the Fed may begin additional purchases of securities in the marketplace to add money to the system. When we needed action in the second quarter, the Fed did not act. Thanks for reading!

Taxes 60

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Jeff For Banks

APRIL 5, 2012

They purchased securities during the crisis and stepped up where they could as a lender of last resort. trillion of securities. But we know that only three things in life are certain—death, taxes, and a Fed that goes too far. It is no surprise that growth slowed in 2011 as gas prices reached a “tipping point” of $4.00

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