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The Economy Watch
 February 13, 2009           
 
Bannon & Co. monitors various media in efforts to best serve our clients.

It occurred to us that not everyone has the time to follow the tumultuous economic news as they would like.

These links to what strikes us as important and interesting perspectives about the economic situation and the legislation that is being addressed this week in Washington are offered for your consideration.   
 
Bill Bannon
 

What's in the Bill for You
All the talk the last couple of days about the stimulus bill was about compromise and slimming down. What is left, though, is a huge spending bill, with well over $100 billion in tax breaks and handouts for individuals. New York Times article.

Ailing Banks May Require More Aid to Keep Solvent
Some of the nation's large banks, according to economists and other finance experts, are like dead men walking.

Stimulus to Aid Unemployed, Poor
The economic-stimulus package's main goal may be to create jobs, but it would also provide billions of dollars in help for those who have already lost them according to the Wall Street Journal.

Stimulus Aims Two-Phase Jolt at U.S. With Tax Cuts, Spending
The stimulus plan emerging from Congress may jolt the U.S. economy in successive waves according to Bloomberg.

The Worst-Case Scenario
David Brooks hypotehsizes on what might happen with the stimulus.

Failure to Rise
The stimulus bill looks helpful but inadequate, especially when combined with a disappointing plan for rescuing the banks says Paul Krugman.

Is 'Octomom' America's Future?
What's more depressing than the economic slowdown asks Peggy Noonan in the WSJ.

 
To see how the downturn in the economy effected neighborhoods served by several community financial institutions, a Consumer Sentiment Study - A Local View was conducted by Bannon & Co. in November 2008.
 
A follow-up study of consumers' opinions, particularly regarding their financial intentions and the role community based financial institutions can play in meeting their financial goals is being planned after the specifics of the plan are signed into law.

Because the study is shared by a number of financial institutions, the cost to each participant is considerably lower than if the study was conducted individually..
 
Click here for more information on how a Consumer Sentiment Study in neighborhoods served by your institution can provide key information to refine marketing strategies.
 
 
 
 
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