Articles

ProBank Austin Advisor

November 13, 2018 - 1 min read

The elections created a split Congress which should produce gridlock. The mid-term elections did nothing to resolve the direction of future fiscal policy . It did create an environment of gridlock in Washington. Financial markets generally like gridlock since it produces no change in current policies . At least corporations can make decisions within the…

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ProBank Austin Advisor

November 12, 2018 - 1 min read

A strong jobs report is just another piece of evidence of continued solid growth in 2019. The FOMC meets this week as economic data remains strong, inflation remains low and the uncertainty of trade wars loom. These cross currents cause a wide range of forecasts for both the economy and possible timing of Fed actions….

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ProBank Austin Advisor

October 30, 2018 - 1 min read

Third quarter estimates of economic activity came in better than expected. The estimated growth in the third quarter came in above expectations. The Advance Report , subject to large change with more complete data, was released at 3.5%. This follows the 4.2% growth reported for the second quarter. The two quarters together represent the best…

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White House: Say It Ain’t So, Jerome!

October 26, 2018 - 6 min read

There has been much commentary of late concerning the Federal Reserve’s perceived independence and the central bank’s ability to enact policy decisions amidst political rhetoric and fears that the current rate-raising campaign by the Fed could inadvertently short-circuit economic growth. In late September, the Fed raised its benchmark rate another 25 basis points, marking the…

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ProBank Austin Advisor

October 16, 2018 - 1 min read

Short term volatility is a result of instant news and analysis, not a change in fundamentals. We live in a world with instant news and analysis. The news cycle is short, as events have only a short term impact. This compresses volatility into larger moves in financial asset pricing over shorter time periods. We experienced…

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Employment Opportunity: Seminar Speaker/Consultant

October 16, 2018 - 1 min read

  We are expanding our national education programs and seeking qualified individuals for the position of Seminar Speaker/Consultant. Position is full-time and requires a thorough understanding of Anti-Money Laundering/Bank Secrecy Act (AML/BSA) banking-related regulations, quality presentation skills, and extensive travel throughout the United States. Position also requires maintaining a high-level of subject matter expertise and…

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ProBank Austin Advisor

October 10, 2018 - 1 min read

The yield curve has steepened modestly as long rates moved up more than the short end. Lost in all the attention paid to the political circus of the Supreme Court hearings was the solid economic data and the trade agreement with Mexico and Canada. The employment report for September was another indication of the tight…

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ProBank Austin Advisor

October 1, 2018 - 1 min read

Market rates have moved higher and the yield on the ten-year is holding above 3% As widely expected, the Fed raised the target rate for Fed Funds by 25 basis points at their September FOMC meeting. They also released the latest economic, inflation and monetary policy guidance for the next three years. The guidance for…

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Mattress Firm Is Looking for Lease Flexibility

September 30, 2018 - 1 min read

Earlier this year, ProBank Austin offered an article on leased fee risk for lenders and mentioned Mattress Firm’s intention to close roughly 200 stores nationwide. By June 30, 2018, it had closed 149 stores; however it also opened 16 new stores, and acquired 14 franchise stores for a net decrease of 119 stores. Evidently, this…

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