January 9 2020 Banconomics Government Report

January 9, 2020

Top Story: Wisconsin Economic Report

Business Representatives Predict the 2020 Economy

You want to know what the Wisconsin economy might do in 2020 and we want to help. Banconomics and the Wisconsin Bankers Association helped compile a list of summaries created by respected industry representatives. Thank you to the following industry leaders who work to make Wisconsin a great place to work, live, and play. A pdf copy of the report is available here.

Rose Oswald Poels, Wisconsin Bankers Association

Michael Theo, Wisconsin REALTORS Association

Dale M. Beaty, Wisconsin Farm Bureau Federation

Brandon Scholz, Wisconsin Grocers Association

Eric Borgerding, Wisconsin Hospital Association

Tom Still, Wisconsin Technology Council

Robb Kahl, Construction Business Group

Kurt Bauer, Wisconsin Manufaturers & Commerce

BANCONOMIC's take...You should read this. We found report to be surprisingly insightful and it's a solid resource when working with constituents or customers. 

Other Important News

Hey, that's bank. This survey will tell you more about the Wisconsin economy in next six months than any other news source.

(Madison) – Nearly 80% of bankers rated Wisconsin’s current economy as “good” with nearly the same percentage predicting that the economy will stay the same in 2020 for the Badger State. Low unemployment, strong manufacturing, low interest rates, a diverse economic base, and strong consumer confidence were some of the factors cited as to why the economy was doing so well. Bankers cited the agricultural section of the economy and a lack of available employees when hiring as negative factors creating some economic headwinds for Wisconsin.Here's what the survey had to say.

What's the most profitable bank in Wisconsin?

Admit it. You want to know and we have the answers. Check out the Banconomics profitability report. (3rd Q 2019)

I want to see what banks are making bank.

Something you need to know: Merchant Processing. 

Merchant services is a broad category of financial services intended for use by businesses.[In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC/RFID enabled device. More generally, the term may include:

  • Credit and debit cards payment processing
  • Check guarantee and check conversion services
  • Automated clearing house check drafting and payment services
  • Gift card and loyalty programs
  • Payment gateway
  • Merchant cash advances
  • Online transaction processing
  • Point of sale (POS) systems
  • Electronic benefit transfer programs, such as ration stamps (called food stamps in the U.S.).

Want to know more, check out Wind River Financial

Distraction of the Week
Lake Superior State University’s 45th Annual List Of Banished Words

The wordsmiths at Lake Superior State University have released LSSU’s 45th annual List of Words Banished from the Queen’s English for Mis-use, Over-use and General Uselessness.

“These days, ’living your best life’ is ‘literally’ impossible with ‘influencers’ making us ‘totes’ ‘jelly,’” an LSSU spokesperson ‘chirped.’ “‘I mean,’ the least they could do is watch their words.”

OK, boomer. 

Click HERE to read the list. 

Do you want to keep looking?

You don't want to get back to work. We feel you. Take me to the Banconomics home page.

This week's Government News Report highlights...