Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 22nd, 2015
Clarksville, TN – The minutes of the January 27th-28th Federal Open Market Committee meeting showed officials continuing to make preparations for policy normalization.
There was some debate about the risks of moving either too late or too soon. “Several” Fed officials feared that waiting too long to raise rates would risk higher inflation, but “many” (which in Fedspeak, is more than “several”) worried that a premature increase in rates could dampen the economic recovery and leave the Fed with limited options to correct course.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 15th, 2015
Clarksville, TN – As expected, U.S. financial market participants kept a close eye on developments in Europe. A fragile ceasefire agreement was reached in Ukraine (but we’ve seen that before). Negotiations to reduce austerity in Greece and restructure the country’s debt broke down without making much progress, but the two sides agreed to try again next week.
Retails sales were softer than expected in January and consumer sentiment fell unexpectedly in the mid-February assessment, leading to some concerns about the strength of consumer spending, but also fueling expectations that the Fed will delay its initial increase in short-term interest rates. Unadjusted core retail sales fell 24.9%, the same decline as in January 2014.
Frazier Allen
First Advantage Bancorp releases 2014 Earnings statement
Clarksville, TN – First Advantage Bancorp (OTCQX: FABK), the holding company of First Advantage Bank, announced net income of $3.252 million for the year ended December 31st, 2014, up 6.0% from $3.068 million in 2013. Basic and diluted earnings per share were $0.86 and $0.80, respectively, compared to $0.78 and $0.73, respectively, in 2013.
Net income for the fourth quarter 2014 was approximately $1 million compared to $1.2 million for the fourth quarter of 2013. The decrease in net income was primarily attributed to lower mortgage-related fee income. [Read more]
Clarksville’s Tandoor Indian Restaurant sets the mood this Valentine’s Day
Clarksville, TN – Come and celebrate a romantic Valentine’s Day at the Tandoor Indian Bistro with the one you love. Enjoy eastern flavors and exotic spices for a Valentine’s Day dinner that won’t be forgotten.
There will be live music throughout the evening featuring the lovely Harpist Deanna Loveland along with Master Violinist Tim Lorsch who will be playing the violin and mandolin.
If you wish to avoid the Valentine’s Day rush, Deanna Loveland will also be playing at the restaurant on February 13th, and 15th.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 8th, 2015
Clarksville, TN – The January Employment Report was strong. Nonfarm payrolls rose by 257,000 (median forecast: +235,000), with a net upward revision of +147,000 to the two previous months (three month average at +336,000). Payrolls fell by 2.76 million before seasonal adjustment, but were up 3.21 million from a year earlier.
The unemployment rate edged up to 5.7% (from 5.6%) reflecting noise in the labor force participation figure (down in December, up in January). The employment/population ratio edged higher. Average hourly earnings jumped 0.5%, following a 0.2% decline in December (up 2.2% y/y, still a relatively lackluster trend).
Frazier Allen
Matt Cunningham Reveals Designs for New Distillery in Clarksville
Clarksville, TN – Construction of the Old Glory Distillery has begun on Alfred Thun road and the President of Old Glory Distilling Co., Matt Cunningham shared designs, future products and his motivations to start the project in a presentation at the Hilton Garden Inn, Friday, February 6th.
Several people including Tennessee Senator Mark Green and the Executive Director of the Clarksville Convention & Visitors Bureau (CVB) Theresa Harrington were in attendance and spoke along with Cunningham at the event.
Matt Cunningham gave a presentation at the Hilton Garden Inn showing the plans for Old Glory Distillery, Friday.
Altra Federal Credit Union to host Home Buying After Hours Mixer on March 10th, 2015
Clarksville, TN – Altra Federal Credit Union will host a free Home Buying After Hours Mixer on Tuesday, March 10th, 2015, from 5:30pm to 7:00pm at The Belle Hollow located within Miss Lucille’s Marketplace at 2231 Madison Street – Clarksville, TN.
“If you are planning to buy your first home and are unsure of where to begin, or experienced in home buying looking for new information and financing options, this is the perfect event for you to attend,” said Dennis Herricks, Vice President of Real Estate Lending for Altra Federal Credit Union. [Read more]
Marco’s Pizza opens today in Clarksville
Clarksville, TN – On Monday, February 2nd, 2015, owners Matthew Buehrle and Ben Diquattro will be opening Clarksville’s first Marco’s Pizza at 1761 Tiny Town Road. Marco’s is the only national pizza chain founded by a native Italian and takes pride in making fresh ah!thentic italian handmade pizza.
“I saw a need in the Clarksville market for better pizza,” stated Buehrle. “We chose the Exit 1 area because of the growth in this part of town. Also, other pizza places have to drive from Exit 4 and we are here to service them direct.”
Marco’s Pizza located at 1761 Tiny Town Road, Clarksville, opens today.
Clarksville Broker Deb Wilson Joins Crye-Leike, REALTORS
Clarksville, TN – Deb Wilson, a broker with 12 years of experience joins Crye-Leike, REALTORS at its Clarksville-St. Bethlehem office. Wilson comes from Platinum Realty and Auction where she was a principle broker.
Wilson has built a career building a business based on exceptional client service and continuous education.
Clarksville Broker Deb Wilson
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 1st, 2015
Clarksville, TN – As expected, Greece’s election resulted in a turn to the left. The new leadership indicated that it intends to remain in the euro, but will seek a reduction in austerity and some restructuring of the country’s debt.
That sets up a conflict with other European countries that oppose such moves. This will likely take some time to resolve, with headlines expected to add to global financial market volatility in the weeks to come. Meanwhile, euro area inflation fell to -0.6% y/y.
Real GDP rose at a 2.6% annual rate in the advance estimate for 4Q14 (vs. a median forecast of +3.1%), but it was still a good report. As expected, it was a strong quarter for consumer spending (+4.3%), but a relatively soft quarter for business fixed investment (+1.9%).
Frazier Allen
