Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 31st, 2015
Clarksville, TN – The economic data were mixed, adding little to the overall picture. Durable goods orders disappointed (again), with orders for nondefense capital goods excluding aircraft (a rough proxy for business fixed investment) down for the sixth consecutive month. Unfilled orders are falling and inventories are outpacing shipments – both are bad signs, but neither is yet at a dangerous level.
Home sales figures were mixed. The third estimate of fourth quarter GDP growth came in at 2.2%, the same as in the previous estimate. This report included corporate profit data for 4Q14, which showed a moderate increase in domestic nonfinancial corporate profits, but a sharp drop in profits from abroad.
Frazier Allen
Action Air announces Winner of New Air Conditioning Unit
Clarksville, TN – Congratulations to Mrs. Peggy Coon, winner of a new Rheem Air Conditioning Unit in Action Air’s “How Redneck Is Your Unit?” contest.
Action Air’s recent contest asked contestants to submit photos of their outdated units along with a story of why they should receive a new HVAC unit. Their photos and stories were posted on their website and the public was asked to vote for their favorite.
Action Air
Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 22nd, 2015
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee removed the “patient” language from the policy statement, but indicated that “an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting.”
The FOMC noted that “economic growth has moderated somewhat” (vs. January’s “expanding at a solid pace”). In its Summary of Economic Projections, Fed officials lowered their forecasts for GDP growth and inflation. The dots in the dot plot (expectations of the appropriate year-end level of the federal funds rate) generally moved lower, implying a lower expected path of short-term interest rates in the months ahead.
Frazier Allen
Altra Federal Credit Union hosts Teens and Money Seminar on April 11th, 2015
Clarksville, TN – Altra Federal Credit Union will host a free Teens and Money Seminar for high school students on Saturday, April 11th from 10:00am – 12:00pm at their Madison St. branch located at 1600 Madison Street, Clarksville, TN 37043.
“This is a great way to learn valuable financial skills for the future,” said Cheryl Dutton, Vice President of Marketing for Altra Federal Credit Union. [Read more]
Frazier Allen: Funding Alternatives for Long-Term Care
Clarksville, TN – If traditional long-term care insurance isn’t going to work for you, don’t fret. There are increasingly more ways to fund a long-term care plan without financially burdening family or devastating your retirement income plan.
Here’s a look at a few of your choices.
Hybrid Policies: Both life insurance and annuity hybrid products (including long-term care riders) solve the use-it-or-lose-it issue with long-term care insurance.
Frazier Allen
Clarksville’s Jostens marks Five Star Food Service’s 400th Micro-Market
Chattanooga, TN – Eight months ago became one of the nation’s first independent vending operators to surpass the 300 micro-market threshold. Last week Five Star celebrated the opening of its 400th micro-market at a Jostens production facility in Clarksville, TN.
The Jostens installation marks the 133rd micro-market Five Star has opened this fiscal year which ends this month.
Five Star Food Service Micro-Market at Clarksville’s Jostens.
Frazier Allen: Financial Planning for Modern Life’s Different Stages
Flexibility, Resourcefulness are Crucial as Old Rules are Upended
Clarksville, TN – The old paradigm that saw young people leave the nest, get some education, marry, raise a family, pursue a career and then retire – in roughly that order – has been tossed out the window.
Today, college students start companies in their dorm rooms, late-life marriages bring two sets of kids together, and retirement may not be an option or even a desired goal for some folks.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 15th, 2015
Clarksville, TN – Retail sales results for February continued to disappoint and consumer sentiment slipped unexpectedly, but weather may have been a factor. The reports on import prices and producer prices both showed significant disinflationary pressure (which may be seen as delaying the Fed’s initial hike in short-term interest rates). Stock market volatility was elevated, with sharp moves day by day.
Market participants have grown increasingly worried about exchange rates. Around the world, exchange rates mostly fall under the jurisdiction of finance ministers (the Treasury in the U.S.), not the central banks.
Frazier Allen
United Southern Bank announces Jeannette Williams added to Wealth Management
Clarksville, TN – United Southern Bank (USB) is proud to announce the addition of Jeannette Williams to the staff of USB Wealth Management. She comes to USB with 13 years of Financial Service experience.
Williams started her financial career with an independent Wealth Management firm and continued with John Hancock Financial Services in Sarasota Florida and most recently with First Advantage Bank in Clarksville, TN.
Jeannette Williams added to United Southern Bank Wealth Management staff.
Clarksville’s Dr. Stephen Daugherty presents at the American Venous Forum
Clarksville, TN – Dr. Stephen Daugherty, the medical director of VeinCare Centers of Tennessee in Clarksville, Tennessee, presented his leading clinical experience treating pelvic venous congestion syndrome at the annual meeting of the American Venous Forum (AVF) on February 25th.
The American Venous Forum is an organization of physicians, mostly academic vascular surgeons, with interests in venous disorders. Dr. Daugherty was the first American to report a series of patients with pelvic congestion syndrome (PCS) due to compression of the veins of the pelvis two years ago when he previously reported at the AVF meeting.
Dr. Stephen Daugherty
