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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. The dominant theme of 2012 was the Presidential election. per gallon price level rather than the $4.00

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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: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

And don’t forget that they are still finishing the $667 billion Operation Twist Program by year end 2012, where they sell shorter maturities and buy longer term ones to push interest rates lower. In March, 2012, the Bhutan GNH Index was on a UN meeting agenda, no doubt to promote the idea of promoting well being over weak economies.

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Guest Post: Fourth Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Congress entered the mix and extended the Bush tax cuts for two years and unexpectedly added new tax cuts for consumers and businesses. Combined these tax breaks can provide up to 0.5% Combined these tax breaks can provide up to 0.5% The intent was to keep the crazy low rates low, or push them even lower.

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

Jeff For Banks

Many businesses remain uncertain due to the increased regulatory burden, the drama in the insurance markets due to Obamacare, income tax changes, and a still high unemployment rate at 7%, which serves to keep personal incomes in check and consumer spending under wraps. Thanks for reading and Happy New Year!

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Guest Post: Second Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Economists keep ratcheting down their projections for GDP for 2011 and 2012, probably as a result of the weaker forward looking indicators. No extended tax cuts and business credits are in our future. in May, will be the only tax cut we will get. The latest Wall Street Journal Survey of Economists shows projections of 2.7%

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Guest Post: 3rd Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Future tax rates and compliance costs are also causing uncertainty, most notably from the still unresolved situation with the Bush tax cuts set to expire in 2011, health care costs, and financial reform costs. The Federal Reserve will keep the short term Fed Funds rate at 0% to 0.25% well into 2011 and likely into 2012.

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