The Weekly Market Snapshot from Frazier Allen for the week of July 30th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data was mediocre, but the financial markets apparently had expected worse. Real GDP rose at a 1.5% annual rate, matching expectations. There were no surprises in the key components – consumer spending growth slowed and business fixed investment was positive but not especially strong. New home sales fell unexpectedly in June, but figures for the three previous months were revised higher.
Jobless claims dropped, but the weekly figures are unreliable in July (due to difficulties adjusting for summer plant retooling shutdowns in the auto industry) – the underlying trend remains moderate. Durable goods orders were mixed in June, with strength in aircraft and weakness in most other sectors. [Read more]
Tennessee Oncology Welcomes Dr. Olaide Ajayi
Nationally Recognized Cancer Treatment Team Expands in Clarksville
Clarksville, TN – Tennessee Oncology, one of the nation’s leading teams of cancer care specialists, recently announced that Olaide Ajayi, M.D. has joined the medical staff at Tennessee Oncology’s Clarksville location.
He will serve as a medical oncologist and hematologist, providing specialized treatment to cancer patients in their local community. Dr. Ajayi is the latest addition to the more than 60 Tennessee Oncology physicians practicing in 30 locations across Middle Tennessee.
Dr. Olaide Ajayi
The Weekly Market Snapshot from Frazier Allen for the week of July 15th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Recent economic data have remained consistent with a moderate pace of economic growth in the near term. Europe and the fiscal cliff remain the two key uncertainties and the major downside risks to the growth outlook. Responding to these downside risks, the Federal Reserve extended Operation Twist through the end of the year.
Officials are poised to do more, which may make QE3 a close call for the policy meeting later this month (decision due on August 1st). For further information, refer to the Monthly Economic Outlook by Raymond James Chief Economist, Scott Brown. [Read more]
Premier Medical Group welcomes Dr. Wilson Eseme, Jr. to Doctors’ Group Practice
Clarksville, TN – Premier Medical Group is pleased to announce the addition of Dr. Wilson Eseme to their occupational medicine department.
Dr. Eseme, a native of Cameroon, earned his medical degree from the University of Yaoundé, Cameroon and completed additional studies at University College in London, UK and Meharry Medical College. He completed his occupational medicine residency at Meharry Medical College in Nashville.
Dr. Wilson Eseme
Civil Site Design Group opens Clarksville Office
Chris Goodman, PE, RLS, Associate Principal, Named Manager
Second location for regional civil engineering, planning and design firm
Clarksville, TN – Civil Site Design Group, PLLC, has opened an office in Clarksville, Tennessee, managed by Chris Goodman, PE, RLS, Associate Principal, to serve the firm’s clients in the Montgomery County and southern Kentucky market announced Rob Porter, PE, Managing Principal of the civil engineering, planning and design firm headquartered in Nashville.
The firm’s Clarksville office is located at 130 Hillcrest Drive, Suite 110.
Chris Goodman, PE, RLS, Associate Principal; Civil Site Design Group, PLLC.
The Weekly Market Snapshot from Frazier Allen for the week of July 8th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data were disappointing, but generally consistent with moderate growth in the near term. Nonfarm payrolls rose by a disappointing 80,000 in June, not far from the median forecast of +100,000. Seasonal adjustment is difficult in June, so one should take the figure with a grain of salt. However, it does raise concerns that uncertainties (the election, the fiscal cliff, Europe) may be weighing against new hiring.
There were a number of positive elements in the report. Average weekly hours advanced. Hourly and weekly earnings are now outpacing inflation, which should provide some support for consumer spending growth in the near term. Temp help employment continued to rise, suggesting that employers are still somewhat cautious, but such a rise typically presages a pickup in permanent hiring. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of July 2nd, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data were mixed, but consistent with a lackluster to moderate pace of growth in the near term. New home sales and the Pending Home Sales Index improved, consistent with a gradual housing recovery. Consumer confidence and consumer sentiment deteriorated, reflecting a worsening of attitudes for households with income over 75,000.
The Supreme Court upheld the Affordable Care Act, with Chief Justice Roberts crossing the political line. ACA would boost costs for some businesses (mid-size and large firms not currently offering healthcare coverage), but isn’t likely to slow the economy appreciably (the fiscal cliff, gasoline prices, and Europe will have substantially greater effects). The Congressional Budget Office projects that ACA will reduce the deficit, but cautions that such forecasts are imprecise. [Read more]
Clarksville Athletic Club completes Clarksville-Montgomery County Green Certification
Montgomery County, TN – The latest business to become Clarksville-Montgomery County Green Certified is the Clarksville Athletic Club (CAC), located at 220 Dunlop Road. A Green Ribbon Cutting Ceremony was held on Wednesday, June 20th to celebrate their green initiatives and completion of the program.
Front: Right to Left: Jim Hyde, CAC Maintenance; Brad Butler, Kim McMillan; Cliff Sites, CAC Owner; Carolyn Bowers; Nathan Deer, CAC Owner; Kenny Daugherty, Bridgestone Metalpha Environmental Specialist and CMCGCP Work Committee Member; Dawn Deer, CAC Office Manager; Tommy Vallejos, Montgomery County Commissioner; Jarrod Duncan, Capital Bank VP of Commercial Banking and CMCGCP Steering Committee Member.
Page & Tuttle Rivers End South is the latest business to complete the Clarksville-Montgomery County Green Certification Program
Montgomery County, TN – One of the latest businesses to become Green Certified through the Clarksville-Montgomery County Green Certification Program is Page & Tuttle, Rivers End South, located at 975 International Boulevard.
A Green Ribbon Cutting Ceremony was held on Wednesday, June 20th to celebrate their successful initiatives and completion of the program.
Front Row: Right to Left: Hershel Kelley, Maintenance Manager River’s End South; Brad Miller, Human Resources Administrator, River’s End South; Kim McMillan, City Mayor; Carolyn Bowers, County Mayor; John Hooper, General Manager River’s End South; Mike Evans, Executive Director of Industrial Development; Kenny Daugherty, Environmental Specialist at Bridgestone Metalpha and CMCGCP Work Committee Member; Kenneth Gentry, Montgomery County Facilities Development Manager; Dave Robertson, Operations Manager, River’s End South; Pete Reed, Director of Bi-County Solid Waste Management and Michelle Newell, CMCGCP Manager.
BLF Marketing Recognized in International Creative Competition
Clarksville, TN – BLF Marketing was honored with a bronze award in the 2012 Summit Creative Award® competition for its video developed for Clarksville’s Fort Defiance Civil War Park and Interpretive Center. The locally-produced “Crossroads of Change, Clarksville, Tennessee 1861-1865,” was recognized from 4,700 entries received from 22 countries.
The award winning video “Crossroads of Change, Clarksville, Tennessee 1861-1865,” airs daily at Fort Defiance Civil War Park and Interpretive Center.
