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

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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: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. In our local area, we are still seeing modest growth in Philadelphia and surrounding counties.

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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: First Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

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. for 2011 earlier this year after the surprise tax cuts for consumers and businesses. It may not take long before the remainder is gone, too. Ridiculous!

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The impact of the tax cuts has faded. However, don’t count on the usual spending boost from personal tax refunds as they are down by over $6 billion from this time last year. I estimated that real GDP growth would be between 2.0% for the year, which is at a slower pace than the +2.9% Prayers and thanks for reading!

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Guest Post: First Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

Falling oil prices, and falling gasoline prices, are like a welcome tax cut for consumers who are saddled with low wage growth and lack of good jobs. 03/30/15 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.