Jeff For Banks

JANUARY 18, 2014

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. Our Philadelphia Eagles excited us and made us optimistic that their 2014 will be bright.

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Jeff For Banks

MAY 4, 2020

Even churches are closed and the new reality had me watching Easter church services from the Cathedral Basilica in Philadelphia on a website. For most of us here around Philadelphia, the stay at home restrictions began on March 13th, which was Montgomery County‘s date. Restaurants are closed. Theaters are closed. Congress passed $2.3

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Jeff For Banks

APRIL 10, 2015

This is another factor that will be considered by the Fed; a strong dollar will support lower interest rates as demand for US securities increases relative to the bonds of other nations. Dorothy Jaworski economic update economy First Fed of Bucks County Jeff Marsico Kafafian Group Philadelphia economy' Only they know for sure.

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Jeff For Banks

JANUARY 19, 2011

Congress extended the Bush tax cuts at the end of 2010 for an additional two years (oh, joy, we get to go through this again in 2012) and added a consumer tax cut of two percentage points on social security tax for 2011 and a business tax break for investments in plant and equipment with accelerated deductions. What About 2011?

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Jeff For Banks

JANUARY 19, 2013

They announced another quantitative easing program—this time, QE3—part 2, in which they will buy $45 billion a month in Treasury bonds in addition to the $40 billion per month of mortgage backed securities that they are buying for QE3. Yes, folks, that would be $1 trillion per year! The estimated reduction to GDP would be -.3%

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Jeff For Banks

JULY 8, 2017

trillion in Agency mortgage backed securities. Physical security costs ramped up over the past 15 years; just ask the airlines and Homeland Security. Remember all of the quantitative easing, or “QE,” purchase programs? All of those bonds are on the Fed’s balance sheet to the tune of $2.5 trillion in Treasuries and $1.8

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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. banks credit unions Dorothy Jaworski economic update economy Kafafian Group marsico Philadelphia economy thrifts'

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