Fri, Nov 15, 2019
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mattdaveAs a Trust Officer at Hometown National Bank, Dave Conterio monitors the investment landscape with a central focus on economic indicators as well as key political developments.
He discussed the timeline leading up to today's market, shared some observations about our current situation and speculation/beliefs regarding the near term expectations.  These comments included; some jobs won't come back with a long, slow crawl back to the 7%-8% by 2013, slower than traditional growth, much lower that typical positive 5% GDP growth (estimated target 2%-3%), QE2 may or may not work better that QE1, banks are increasingly more likely to make loans, inflation hawks are screaming to "put the breaks on", rates will remain low/flat through 2011, tax cuts are likely to be extended through 2011, and a glaring omission of international affairs during mid-term elections was noted.
 
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