Bannon&Co.

The Economy Watch

February 2, 2009

The tumultuous economy is a major issue these days, as everyone is well aware. Every day there are new developments and comments on the situation from a variety of perspectives. Much of the discussion focuses on a stimulus program currently being debated in Congress.

Bannon & Co. monitors what is going on in various media in efforts to best serve our clients. It occurred to us that not everyone has the time to follow the economic news as they would like. So we offer these links as to what strikes us as important and interesting perspectives as the Senate deliberates the program.

Bill Bannon

Banks You Can Bank On

This column by Steven Syre about the strength of community banks focusing on two in Eastern Massachusetts recently appeared in the Boston Globe.

Stimulus Package Set to Grow in Senate

The Wall Street Journal writes that big fights loom this week as the Senate opens debate on its version of the stimulus, a package of tax cuts and spending with a price tag approaching $900 billion.

The US needs its stimulus now

This editorial from the Financial Times contends that the bill can and should be improved - and some of the most needed changes might be to Republicans' taste - but the greatest need is speed.
Senators Looking to Make Changes in Stimulus Plan.

Senators Looking to Make Changes in Stimulus Plan

An article in today's Washington Post says that senators in both parties hope to alter the legislation, focusing on easing the housing crisis, increasing infrastructure spending and cutting taxes on corporations.

Risks Are Vast in Revaluation of Assets

This article from the New York Times talks about as the Obama administration prepares its strategy to rescue the nation's banks by buying or guaranteeing troubled assets on their books, it confronts one central problem: How should they be valued?

A Consumer Sentiment Study was conducted in November 2008, to see how the economy was effecting neighborhood areas served by several community financial institutions by Bannon & Co. Another study is being planned soon after the Stimulus Program is passed by Congress and signed into law to see if consumers' opinions have changed.

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.

Contact Information
Phone: 978.443.1830
Online: Bannon & Co. Website

e-mail: bill@bannonco.com

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