Prof. Jerry Plummer

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  www.cardratings.com/creditcardnews/2009/02/benefits-of- - [Cached Version]
  Published on: 2/11/2009    Last Visited: 5/31/2009  

  "A secured card is most useful for the person starting out on their credit history," explains Dr. Jerry Plummer, an economics professor at Austin Peay State University, "since it says that the person is willing to take the extra step to establish credit."

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  www.tennessean.com/article/20081022/COUNTY05/810220438/ - [Cached Version]
  Published on: 10/22/2008    Last Visited: 11/7/2008  

  The incoming troops are expected to inject $300 million to $600 million into the area economy, according to Jerry Plummer, Austin Peay State University associate professor of economics. Plummer included a multiplier effect when calculating his estimation.
  
  "This means that the initial dollar purchase is reused to make another purchase, which leads to more overall work and output for the local economy," he said.

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  www.theleafchronicle.com/article/20081021/CHRONICLE/810 - [Cached Version]
  Published on: 10/21/2008    Last Visited: 10/21/2008  

  Austin Peay State University Associate Professor of Economics Jerry Plummer said when a basic economic theory is considered, some $300-$600 million could be injected into the local economy with the troops' return, and that may be a conservative estimate, according to Plummer.
  
  "I think where the action is in this deal is the multiplier effect," Plummer said.
  
  The multiplier, he explains, is the passage of one dollar from the hand of a consumer to a grocery store, for instance, and in turn from the store to the supplier ... and so on.
  
  "This means that the initial dollar purchase is reused to make another purchase, which leads to more overall work and output for the local economy," he said.
  
  Plummer used an estimate, also possibly conservative, that every soldier will return with $5,000 to spend locally, and then it will be used another five to 10 times in the community through the multiplier formula. The multiplier depends, Plummer says, on the amount of money spent.
  
  "The multiplier is based on the percentage of new money that is actually spent — the higher the percentage spent, the higher the multiplier," he said.

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  www.retailstomp.com/date/2007/02/07/ - [Cached Version]
  Published on: 2/7/2007    Last Visited: 4/4/2007  

  Assistant Professor of Economics at Austin Peay State University in Clarksville, TN, Jerry Plummer says, A secured card is most useful for the person starting out on their credit history, since it says that the person is willing to take the extra step to establish credit.Reestablishing credit.

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  www.DebtGuide.net/News/684-Secured-Credit-Cards-Consume - [Cached Version]
  Published on: 4/19/2007    Last Visited: 4/19/2007  

  Assistant Professor of Economics at Austin Peay State University in Clarksville, TN, Jerry Plummer says, "A secured card is most useful for the person starting out on their credit history, since it says that the person is willing to take the extra step to establish credit. "
  
  Reestablishing credit.
  ...
  Professor Plummer says a card with no fee is the best, but a small one-time fee can be okay.
  ...
  Plummer says, "Many companies will not even count them as credit, such as automobile F&I (Finance and Insurance) people, although they will not admit it.

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  nashville.bizjournals.com/nashville/stories/2001/03/12/ - [Cached Version]
  Published on: 3/9/2001    Last Visited: 10/16/2009  

  Jerry Plummer has some strong opinions on bankruptcy, and he's not the only one.
  
  Plummer, an assistant professor of economics at Austin Peay State University in Clarksville, has written a paper citing four reasons for Tennessee's unusually high bankruptcy rate. Those reasons, however, are questioned by other state experts.
  ...
  Plummer says they collected 10 years' worth of data on bankruptcy and ran a regression analysis on it.
  
  "It's a mathematical way to twist numbers," says Plummer, who besides teaching at Austin Peay, owns Plummer Applications, a Nashville company that builds Web sites. He's also host -- for the past three years -- of "Financial Empowerment," a talk show on the Fisk University radio station WFSK.
  
  Plummer says he started out with several different theories about why the state has such a high bankruptcy rate.
  
  "Some of them wouldn't work so we threw them out and found some more," says Plummer.
  ...
  Nashville attorney Edgar Rothschild, who is with the law firm Rothschild & Salas, agrees with Plummer that the divorce rate in Tennessee is one reason for the state's high bankruptcy rate.

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  credit-paths.com/translated/it-secured-credit-cards.htm - [Cached Version]
  Published on: 10/13/2008    Last Visited: 10/13/2008  

  Assistant Professor of Economics at Austin Peay State University in Clarksville, TN, Jerry Plummer says, A secured card is most useful for the person starting out on their credit history, since it says that the person is willing to take the extra step to establish credit.
  ...
  Professor Plummer says a card with no fee is the best, but a small one-time fee can be okay.Professore Plummer dice con una carta a pagamento non è la migliore, ma una piccola sola volta a pagamento possono essere okay.
  ...
  Plummer says, Many companies will not even count them as credit, such as automobile F&I (Finance and Insurance) people, although they will not admit it.

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  www.cardratings.com/securedcreditcards.html - [Cached Version]
  Published on: 6/1/2008    Last Visited: 9/8/2009  

  Assistant Professor of Economics at Austin Peay State University in Clarksville, TN, Jerry Plummer says, A secured card is most useful for the person starting out on their credit history, since it says that the person is willing to take the extra step to establish credit. Reestablishing credit.
  ...
  Professor Plummer says a card with no fee is the best, but a small one-time fee can be okay.
  ...
  Plummer says, "Many companies will not even count them as credit, such as automobile F&I (Finance and Insurance) people, although they will not admit it.

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  www.DebtGuide.net/News/35030-Secured-Credit-Cards--Cons - [Cached Version]
  Published on: 4/19/2007    Last Visited: 4/19/2007  

  Assistant Professor of Economics at Austin Peay State University in Clarksville, TN, Jerry Plummer says,? secured card is most useful for the person starting out on their credit history, since it says that the person is willing to take the extra step to establish credit.
  
  ?eestablishing credit.
  ...
  Professor Plummer says a card with no fee is the best, but a small one-time fee can be okay.
  ...
  Plummer says,? any companies will not even count them as credit, such as automobile F&I (Finance and Insurance) people, although they will not admit it. ?So, if you don? really need a secured card, you will be doing more harm than good.

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  www.theleafchronicle.com/apps/pbcs.dll/article?AID=/200 - [Cached Version]
  Published on: 2/24/2008    Last Visited: 2/26/2008  

  Plummer: Stimulus rebates to have questionable impact
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  Among them, there is Jerry Plummer, associate professor of economics at Austin Peay State University, who says the real question lies in how taxpayers will spend their rebates, if at all.
  
  "The Economic Stimulus Act of 2008 tax rebate program is built on the hope that virtually the entire amount will be spent on new goods and services, which will assist in revitalizing the economy by increasing overall spending," Plummer said.
  
  "This excess spending is hoped to curb the chances of domestic recession, again, by spurring the economy via increased overall spending, which in turn, lowers the chances of job layoffs due to decreased production, in manufacturing, or sales, in the retail sector," he said.
  
  Plummer said that, key to the spending question is who gets the rebate checks, and how much of it will they spend.
  
  "If the lower- to middle-income earners receive the checks, then a larger amount will be spent on new items.If the rebate checks aim to the middle- to upper-income levels, much less will be spent, and will be used to pay off existing debt, or go to savings," Plummer said.
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  "It appears that almost all of the lower- to middle-income group will receive rebates," Plummer said, "with upper-income earners receiving rebates of lesser amounts.
  
  "This is good for the overall idea of having the rebates plow right back into new sales," he said.
  
  He advises seniors and low-income earners to act quickly to get any type of tax rebate."If you wouldn't normally need to file a 2007 federal income tax return, you will need to file a 1040 or 1040A now to receive a (rebate) check.This is extra work on this part of the populace that often can react slowly to additional paperwork, too," he said.
  
  Economists generally seem to think that the overall impact of the tax rebate checks on the nation's sluggish economy will be minor.
  
  Many, like Plummer, describe the Economic Stimulus Act of 2008 as a "small drop in the big bucket," though putting more money in consumers' pockets has to help at least a little.
  
  "With consumer debt at all-time highs, a national debt of over $9 trillion, plus an over-$60-billion-per-month trade deficit, the Act does nothing to address these issues," Plummer said.

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