Raddon Report

Raddon Report

Thursday, August 2, 2018
Bill Handel

The release last week by the Commerce Department that GDP grew at an annualized rate of 4.1% in the second quarter was notable for several reasons.  First, as widely noted, this was the strongest economic growth seen since 2014.  Second, both consumer spending and business investment remained strong, with non-residential fixed investment up 7.3%.  Perhaps most symbolically, the U.S. is now at $20 trillion in annualized GDP. 

Thursday, February 8, 2018
Bill Handel

Early in 2017 we compiled our predictions for the upcoming year.  These were a mix of economic and industry predictions.  How accurate were these predictions? 
As it turns out, we were mostly on the mark in our predictions, at least in terms of direction if not always in magnitude.  Here is a review of our 2017 predictions and an assessment of the accuracy of each.

Thursday, January 25, 2018
Greg Ulankiewicz

In December, Raddon held its quarterly seminars for participants in the Performance Analytics program.  This program provides financial institutions with comprehensive analytics and peer benchmarks that measure performance across all areas of the organization and helps guide strategic initiatives.  The workshops facilitate a review of the latest research findings and offer a platform for discussing how financial institutions can respond to the challenges they face today.

Thursday, January 11, 2018
Bill Handel

2017 proved to be a good year for the U.S. from an economic perspective and for the financial industry as well, with new record highs achieved in the stock market, much stronger GDP growth - especially in the second and third quarters, and continued improvement in real estate sales and values.  The industry showed continued improvement in earnings and also continued strong loan growth. 

Thursday, November 16, 2017
Bill Handel

Raddon held its first-ever national research conference in Chicago November 6-8.  The three day event was attended by over 250 C-level and marketing professionals from banks and credit unions across the United States, and the content featured Raddon’s own proprietary national consumer and small business research as well as several very informative keynote speakers and panelists.

Thursday, September 14, 2017
Bill Handel

Bill Handel, VP of Research and Chief Economist at Raddon, identifies positive trends in today's economy and discusses some potential danger signs to look out for.

Thursday, June 8, 2017
Bill Handel

While the election in November and resulting change in administration has been polarizing politically, it has simultaneously triggered a degree of enthusiasm among investors, consumers and small businesses.  This optimism is not seemingly driven by improvement in current economic activity, but instead seems to reflect a sense of greater optimism for the longer term. 

Thursday, January 26, 2017
Bill Handel

As we had surmised in our predictions for  2016 article,  2016 did indeed turn out to be an interesting year in many ways – with nothing more interesting than November’s election results.  So how did we fare in our predictions for 2016? This article will take a quick look back at last year’s predictions to assess the accuracy of our crystal ball.

Tuesday, January 10, 2017
Bill Handel

What a difference a couple of months can make.  In the aftermath of the election, we have seen the stock market accelerate, consumer confidence soar, and small businesses assume a much greater level of optimism.  We have seen the Fed announce a significant change in its interest rate policy.  Due largely to December sales volume, 2016 was the single biggest year in new auto sales history.  In general, we are experiencing a sense of optimism we haven’t seen in nearly a decade.

Thursday, November 17, 2016
Patrick Bator (Retired)

The Presidential election is finally behind us and we have seen, to this point, that the stock market has responded in a positive fashion, perhaps reflecting a belief that the business environment may be more favorable going forward.  However, we must be cognizant of the underlying consumer mindset as we move into 2017.

Friday, February 5, 2016
Bill Handel

As 2016 unfolds, the challenges just keep on coming. Whether caused by geopolitical, economic or other factors, there is enough uncertainty to keep even the most intrepid prognosticator silent. Regardless, the Raddon Report continues its tradition of annual predictions.

Tuesday, January 19, 2016
Bill Handel

Now that 2015 is in the rearview window, it’s time to review how well Raddon fared in our annual economic predictions. How accurate were the predictions we made at the start of the year?

Thursday, February 26, 2015
Bill Handel

2014 proved to be an interesting year, both from an economics standpoint and from the perspective of the financial services industry. What’s on the horizon for 2015? This article will preview The Raddon Report’s predictions for the coming year.

Thursday, January 29, 2015
Bill Handel

How were our predictions for 2014?  Let’s look back on the predictions we posted early in 2014 regarding the economy and the industry, and see how we fared.

Tuesday, June 17, 2014
Patrick Bator (Retired)

At the height of our country’s financial crisis, the Federal Reserve’s Federal Open Market Committee (FOMC) adopted the policy of “quantitative easing” where it (a quasi-political arm of our federal government) goes into the marketplace to buy long-dated securities and mortgage-backed bonds to directly lower their interest rates. To be sure, this policy which adheres to macroeconomic theory helped end our country’s economic collapse in 2009 and may have helped keep our economy muddling along in the ensuing years.

Monday, March 3, 2014
Bill Handel

We are now as an industry entering into the fourth act of a long-running play that has been unfolding since the late 1990s. Act 1: 1997 to 2006 – What could go wrong? Act 2: 2007 to 2009 – This can’t be happening; this is happening! Act 3: 2010 to 2013 – Life support and critical care Act 4: 2014 to 2016 – Survival of the fittest 2014 is likely to prove to be an interesting year, no matter how you examine it.

Tuesday, January 21, 2014
Bill Handel

Many of us gladly said farewell to 2013 and are looking forward with more optimism to 2014.  We at the Raddon Financial Group understand this sentiment.  2013 was a year of continuing recovery for the economy and the industry, albeit a very slow recovery.  The economy improved – slowly – and the industry improved – also slowly.

Wednesday, May 15, 2013
Bill Handel

There has been a lot of recent discussion regarding improvements in real estate markets. Many markets have experienced recent improvement in real estate values; however, most markets are still far below peak values. So which is it – are real estate markets in recovery or are we simply treading water?

Friday, February 8, 2013
Bill Handel

Fortunately, December 21 came and went and nearly all of us woke up on December 22. Let’s hope our predictions are better than those of the Mayans. There are two issues that need to be examined to better assess the prospects for 2013. The first factor is the likely direction of the economy, as this directly impacts the financial activities of consumers and small businesses, and in turn financial institutions. The second is industry-specific concerns. Let’s look at each of these in turn.

Thursday, January 10, 2013
Bill Handel

The financial services industry experienced both positive and negatives in 2012.  Earnings improved as loan portfolios became increasingly cleaner.  Mortgage refi activity was a great contributor to improved profitability, as it outweighed the negative impact of declining margins and challenges to other areas of non-interest income.  General economic activity was also improved, albeit only slightly, over 2011 levels.