Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 2nd, 2014
March 2, 2014
Clarksville, TN – There were relatively few surprises in the economic data reports. Real GDP rose at a 2.5% annual rate in the 2nd estimate for 4Q13 (vs. +3.2% in the advance estimate).
Consumer spending was not as strong as estimated earlier, but was still respectable (a +2.6% pace, vs. +3.3%). Business fixed investment was revised higher (+7.3%, vs. +3.8%).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 16th, 2014
February 16, 2014
Clarksville, TN – In her first monetary policy testimony to Congress, Fed Chair Janet Yellen appeared calm, confident, and in charge.
She pledged continuity in monetary policy and regulatory reform. While “not on a preset path,” the monthly pace of asset purchases will likely be reduced “in further measured steps at future meetings” (which is widely interpreted as -$10 billion per Fed policy meeting).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 9th, 2014
February 9, 2014
Clarksville, TN – The January Employment Report was a mixed bag. Nonfarm payrolls rose by a less-than-expected 113,000 (vs. a median forecast of +185,000), following a subpar 75,000 gain in December.
However, seasonal adjustment and weather effects added uncertainty to the results. Details suggest that the weather may not have been much worse than a normal January, but December weather was more unfavorable.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 3rd, 2014
February 3, 2014
Clarksville, TN – Real GDP rose at a 3.2% annual rate in the advance estimate for 4Q13, about as expected, but the details were a bit surprising. Consumer spending and business fixed investment, the key components, each rose at a respectable pace.
However, inventory growth, already elevated in 3Q13, rose further (and will likely subtract from GDP growth in 1H14). Net exports (a smaller trade deficit) added. Residential home building and government subtracted. Personal income figures rose meagerly in 4Q13, suggesting that we may see some slowing in spending ahead.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 26th, 2014
January 26, 2014
Clarksville, TN – With a thin economic calendar, U.S. investors typically focus on other things. Sometimes, that’s earnings reports (which have been generally good). Other times, it’s overseas developments.
While the economic situation seems to be improving in the United Kingdom and in Europe, the rest of the world is looking a bit shakier. There have been a number of concerns about individual countries in recent weeks (China, Turkey, Argentina, and so on), but these concerns appear to have now gelled into anxieties about emerging economies in general, which has weighed against U.S. stock market sentiment.
Frazier Allen
Rivers and Spires Festival this weekend has something for everyone
April 17, 2013
2013 Rivers and Spires Festival | April 18th-20th | Clarksville, TN
Clarksville, TN – The 11th annual Rivers and Spires Festival will be begin Thursday April 18th and continue through Saturday, April 20th. The streets of Historic Downtown Clarksville will be lined with food vendors, arts and crafts, and kids’ activities.
There will be over 100 acts performing all three days on five seperate stages. Music, art, food, there is something at Rivers and Spires for everyone to enjoy. And the truly great thing is that all the concerts and activities are free.
Rivers and Spires Festival April 18th-20th
Clarksville Montgomery County Green Certification Program adds Darin Cooper to Steering Committee
March 6, 2013
Montgomery County, TN – The Clarksville-Montgomery County Green Certification Program (CMCGCP) Steering Committee is pleased to announce Darin Cooper as its newest member.
Cooper, who is the general manager of Nyrstar’s Clarksville smelter, has broad experience in all aspects of operations management.
Darin Cooper is the newest member of the Clarksville-Montgomery County Green Certification Program (CMCGCP) Steering Committee.
Dow soars to new heights
March 6, 2013
Clarksville, TN – At the end of February, the Dow Jones Industrial Average closed just shy of its all-time high.
Less than a week later, the index fulfilled its promise, trading as high as 14,286.37 to break both its record close of 14,164.53, on October 9th, 2007, and its intraday high of 14,198.10, reached around the same time.
The index closed at a new high of 14,253.77. [Read more]
APSU Spring Salon Series event to feature ancient Chinese harp
February 15, 2013
Clarksville, TN – The sound is immediately recognizable. When a musician bends over a guzheng – an old Chinese harp – and plucks at its 21 strings, soothing, ancient music vibrates through the air.
For thousands of years, listeners have associated those slow, deliberate songs with idyllic images of rural China.
Dr. Ann Silverberg
APSU to hold August 31st symposium, ‘Economic Terrorism’
August 28, 2012
Austin Peay State University
Clarksville, TN – The Austin Peay State University Department of Public Management and Criminal Justice and the Institute for Global Security Studies will host a symposium, titled “ Economic Terrorism,” this week.
The symposium, open to the public, will be held from 11:00am-3:00pm, Friday, August 31st in room 201 of the Austin Peay Center at Fort Campbell building on Bastogne Avenue at Fort Campbell, KY. [Read more]
