Getting home in a pandemic – An APSU exchange student’s adventure out of France
April 28, 2020
Clarksville, TN – Late that night, while Austin Peay State University (APSU) freshman Madison Morgan finished her laundry, French President Emmanuel Macron announced the European Union was closing its borders.
Beginning the next day at noon, no one would be able to fly out of France’s Charles De Gaulle Airport. Morgan watched Macron on her smartphone.
Austin Peay State University freshman Madison Morgan in Paris in the Place de la République. (APSU)
APSU to host Brexit panel to help community make sense of historic event
October 10, 2019
Clarksville, TN – If you were born after 1993 – which is the case for most Austin Peay State University (APSU) students – then you’ve only known a world where the United Kingdom is a part of the European Union (EU).
That fact can seem trivial, especially if you’re living 4,000 miles away in Tennessee, so when Great Britain announced it would be the first country to leave the EU – a move known as “Brexit” – many people on campus and in the Clarksville area reacted with mild curiosity.
Austin Peay will hold a special panel discussion in the campus’ Honors Commons to help educate the local community on Brexit’s potentially global impact. (APSU)
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 28th, 2016
August 28, 2016
Clarksville, TN – In her Jackson Hole speech, Fed Chair Janet Yellen was not expected to provide any significant clues about what will happen at the September 20-21 policy meeting.
Surprise! Yellen provided a strong hint that the central bank is a lot closer to raising short-term interest rates. Yellen said, “I believe the case for an increase in the federal funds rate has strengthened in recent months.” Take that in context with other evidence.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 21st, 2016
August 21, 2016
Clarksville, TN – The FOMC minutes (from the July 26th-27th policy meeting) showed that officials were divided on the timing of the next rate hike. Some felt that the labor market had already tightened enough and that the Fed risked generating financial excesses by keeping rates so low for so long.
Others felt that there was plenty of time to wait for more information and that it would be harder to correct course if the Fed moved too rapidly. Among voting FOMC members, the hawkish view (those wanting to raise rates sooner rather than later) appeared to be a minority.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 14th, 2016
August 14, 2016
Clarksville, TN – The economic data remained consistent with moderate economic growth and low inflation. Retail sales figures for July disappointed, coming in below expectations (but partly offset by upward revisions to June).
Preliminary productivity figures for the second quarter were weak (averaging a 0.5% annual rate over the last five years). Jobless claims remained very low. The Producer Price Index fell more than expected and pipeline pressures remained mild or slightly deflationary.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 7th, 2016
August 7, 2016
Clarksville, TN – As expected, the Federal Open Market Committee left short-term interest rates unchanged. In its policy statement, the FOMC noted that “on balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months.”
More importantly, “near-term risks to the economic outlook have diminished.” Kansas City Fed President Esther George dissented in favor of raising the federal funds target range by 25 basis points (to 0.50% to 0.75%).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 24th, 2016
July 24, 2016
Clarksville, TN – The economic data calendar was thin and reports were of little consequence for the markets. As expected, the European Central Bank left short-term interest rates unchanged and did not alter its asset purchase plans.
ECB President Draghi indicated that policymakers were encouraged by the financial stability following the initial reaction to the Brexit vote. He also said that more information will become available over time and the ECB would act using all possible tools “if needed.”
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 19th, 2016
July 19, 2016
Clarksville, TN – The economic data were generally on the strong side of expectations. Retail sales rose 0.6% in June (median forecast: +0.2%), but figures for April and May were revised down (still a strong quarter).
Industrial production rose 0.6%, but that largely reflected a rebound in auto output (which had fallen in May). Ex-autos, manufacturing output was flat (-0.2% y/y, consistent with a soft patch, not a recession).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 10th, 2016
July 10, 2016
Clarksville, TN – The economic data were mostly on the strong side of expectations. Nonfarm payrolls surprised sharply to the upside in June (+287,000), but that followed a very soft payroll figure for May (revised to +11,000).
The disappointing May number is now seen as an anomaly, but then so was the June figure. Large month-to-month swings in payrolls are unusual, but they do happen occasionally.
The three-month average payroll gain was +147,000, slower than in 1Q16 (+196,000) and 2015 (+221,000).
Frazier Allen
Frazier Allen: July 2016 Investment Strategy Quarterly Recap
July 9, 2016
Clarksville, TN – Financial market headwinds for the next six to twelve months include political uncertainty in the U.S., a strengthening U.S. dollar, significant uncertainty surrounding Britain’s recent referendum on leaving the European Union (“Brexit”), and earnings growth.
Tailwinds include low oil prices, an improving labor market, and a low interest-rate environment.
Frazier Allen
