Weekly Market Snapshot from Frazier Allen for the week of June 4th, 2013

Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data were mixed, but generally better than expected. Home prices continued to advance. Consumer confidence improved. The estimate of first quarter GDP growth was revised lower (a 2.4% annual rate, vs. +2.5% in the advance estimate), but consumer spending and business fixed investment were both revised a bit higher. Personal income was flat in April (the Employment Report had shown a decrease in hours offsetting the impact of more jobs).
Personal spending fell 0.2%, partly reflecting lower gasoline prices and more normal temperatures (lower household energy consumption). Ex-energy, spending would have risen about 0.3%. Inflation-adjusted consumer spending (70% of GDP) edged up 0.1% – it’s only one month (and subject to revision), but spending appears to be on track for about a 2% annual rate in 2Q13 (vs. +3.4% in 1Q13). [Read more]
Tennessee Wildlife Resources Agency’s Free Fishing Day is Saturday, June 8th, 2013
Clarksville’s Youth Fishing Rodeo will be held Saturday at the Liberty Park Pond
Nashville, TN – Tennessee’s annual Free Fishing Day is Saturday, June 8th when anyone may fish free without a license in the state’s public waters.
The Tennessee Wildlife Resources Agency provides the free day in hopes of increasing interest in fishing. The day allows anyone the opportunity to try this great outdoor sport, especially children. In addition, children ages 13-15 may fish without a license beginning on Free Fishing Day through the following Friday, June 14th.
APSU Education Professors and Grad Students help Teachers in Guatemala
Clarksville, TN – In Guatemala, it’s easy for a public school teacher to feel overwhelmed. Class sizes are large, with about 45 to 50 students squeezing into a small, hot classroom. And most teachers in that country begin their careers at the age of 17 or 18, with minimal preparation.
“The resources are limited there,” Dr. Barbara Peterson, Austin Peay State University associate professor of education, said. “The schools are very poorly funded.”

APSU associate professor of education Dr. Barbara Peterson (red top), and former APSU graduate students Jodi Davidson (brown blazer) and David Kennedy (purple shirt) presented American teaching methods to Guatemalan educators last semester.
APSU’s Mickey Fisher Memorial Golf Tournament is July 12th-13th at Fort Campbell’s Cole Park
Clarksville, TN – Since having a successful inaugural event in 2010, the Mickey Fisher Memorial Golf Tournament has returned every summer to raise money for scholarships – and will do so again next month.
The Mickey Fisher Memorial Golf Tournament will be held Friday, July 12th and Saturday, July 13th at Cole Park at Fort Campbell, KY. The entry fee of $400.00 includes dinner, auction and scholarship presentation at 6:00pm, Friday, July 12th at the Bud Barn off Exit 19 on Interstate 24 and lunch at noon both days at Cole Park.

Mary Fisher (left), widow of Mickey Fisher, taught Alexis Eldridge, the recipient of the 2012-13 Mickey Fisher Memorial Scholarship. (Photo by Beth Liggett, APSU photographer)
Red River Sirens vs. Nashville Roller Girls Brawl Stars, June 8th
Clarksville, TN – Please join Clarksville Roller Derby’s Red River Sirens as they take on Nashville Roller Girls Brawl Stars on June 8th, 2013. Doors open at 6:00pm, whistle blows at 7:00pm at Magic Wheels Skate Center, 1671 Fort Campbell Boulevard, Clarksville, TN.
Tickets are $8.00 in advance or $10.00 at the door.
Last year alone, the Red River Sirens donated over $10,000 to various local charities as well as volunteering around Clarksville. Red River Sirens will use a portion of proceeds to benefit Cats R Us. [Read more]
Clarksville Parks and Recreation along with Friends of Fort Defiance to hold “March to the Past” at Fort Defiance Interpretive Center
Clarksville, TN – The City of Clarksville Parks and Recreation Department and the Friends of Fort Defiance will host the “March to the Past” event on Saturday, June 8th from 10:00am to 5:00pm and Sunday, June 9th from 1:00pm to 5:00pm at the Fort Defiance Interpretive Center, located at 120 Duncan Street.
First Thursday Art Walk to be Held on June 6th, 2013
Clarksville, TN – Produced by The Downtown Clarksville Association, First Thursday Art Walk is a free, self-guided tour spanning a 5-block radius that combines visual art, live music, engaging events and more in the heart of Downtown Clarksville.
With 10+ venues, bars and businesses participating each month, the First Thursday Art Walk in Clarksville is the ultimate opportunity to savor and support local creative talent. [Read more]
Clarksville Parks and Recreation Report for June 2nd, 2013
Clarksville, TN – The weekly Clarksville Parks and Recreation Department Recreation Report provides Clarksvillians with a glimpse at the activities and events that are available from the Parks and Recreation Department for them to enjoy together as a family.
This weeks highlights include: Summer Youth Program, Liberty Park Pond Closed, Fort Defiance Marches to the Past, Youth Co-Ed Flag Football, and Warrior Week Picnic.
Clarksville Parks and Recreation introduces Youth Flag Football with co-ed Clinics
Clarksville, TN – Clarksville Parks and Recreation will introduce a new Youth Flag Football League by hosting the first-ever Youth Flag Football Clinics this summer.
Two sessions will be held for boys and girls ages 5 to 17 at Northeast High School from 8:00am to noon, the first on June 15th and the second to be held July 13th. [Read more]
Clarksville Kiwanis Club Rodeo continues tonight
Clarksville, TN – The Downtown Kiwanis Club is currently hosting its 26th annual Kiwanis Rodeo and the festivities continue tonight at the Montgomery County 4-H Arena located at 1924 Rossview Road. The Rodeo opened last night to a sell out crowd. Tonight the gates open at 6:00pm and the Rodeo starts at 8:00pm. The Kiwanis Rodeo has been sanctioned by the PRCA and WPRA.
Events include calf roping, steer wrestling, barrel racing, team roping, breakaway roping, saddle bronc riding, bareback riding, and bull riding and more. There are also various contests, games, and a kids zone with inflatables.