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

Jeff For Banks

He was just in Philadelphia on January 3rd delivering his last public speech and he nostalgically proclaimed that “the recovery remains incomplete,” which will qualify his comment for the understatement of the year award. and Janney Capital Markets at 2.1% Businesses are still cautious in capital spending.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

The “Fiscal Cliff” Who in their right minds would have so many critical tax codes and laws expiring all on the same year-end date? The stock markets rejoiced and rallied 2% to 3% on January 2nd, because the fiscal cliff was now manageable, not an apocalypse. The estate tax exemption was raised to $5 million per individual.

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Guest Post: Quarterly Financial Markets and Economics Update by Dorothy Jaworski

Jeff For Banks

Bank lending has not been the catalyst it used to be for improved growth in this recovery compared to prior ones; maybe we can point at regulation after regulation being forced onto banks and higher, more restrictive capital requirements. Corporate and personal tax cuts were promised, with the corporate rate dropping from 35% to 15%.