Clarksville, TN – The economic calendar was thin. The report on retail sales, the only significant release during the week, was a little better than expected, restrained by the decline in gasoline prices. Note that lower gasoline prices should provide some support for consumer spending in the important holiday shopping season.
However, that support is likely to merely offset the impact of sluggish wage growth (leading to “okay” holiday sales). The impact of lower gasoline prices on consumer spending depends on how low gasoline prices go and how long they stay low, but usually arrives with a lag.
Clarksville, TN – As was widely anticipated, Republicans picked up enough seats in the mid-term elections to control the Senate. Voter turnout was low, especially among young people and Hispanics.
Some are hopeful for a new spirit of bipartisanship, which happens after every mid-term election. Others are expecting the Republicans to accomplish things, such as tax reform and immigration reform.
Clarksville, TN – As expected, the Federal Open Market Committee brought the large-scale asset purchase program (QE3) to an end and repeated that it expects conditions to warrant exceptionally low levels of the federal funds rate “for a considerable time.”
The policy statement was viewed as more hawkish (or less dovish) than anticipated. The FOMC noted that the slack in the job market is “diminishing gradually” (in the previous statement, slack was described as “significant”). The Fed added that the initial increase in short-term interest rates likely would come sooner if the economy is stronger than anticipated or later if the economy disappoints.
Nashville, TN – The National Weather Service in Nashville has issued a freeze watch for Clarksville-Montgomery County as well as parts of Middle Tennessee.
The watch is in effect from late Friday night through Saturday morning. A freeze watch has also been issued from late Saturday night through Sunday morning.
Overnight lows Friday night will get down to the upper 20s to around 32 for most of the area. Saturday night lows will be a bit colder from the mid 20s to around 30.
Clarksville, TN – I love history and find it fascinating – and you must enjoy it as well or you would not be reading this article! Yet, I could listen and listen to someone who is alive and well with me today go on ad nauseum about the dry facts from the past and get absolutely nothing from it.
But, to hear the very words of those who lived before us – those priceless journals, letters, and testimonies – that is gold to me! It is amazing to be able to peak into their minds and hearts for just a moment and experience with them the joys, the struggles, the hopes, and the pain of the experience of life.
That is what we have with the story of the lives of Valentine Sevier, his family, and community – their own words.
Clarksville, TN – Mixed, but generally favorable, earnings reports and an ebbing in Ebola fears helped propel the major stock market indices higher.
The economic data were largely irrelevant. The Consumer Price Index continued to show a low trend in inflation (+1.7% y/y for both the headline index and the core). Home sales figures were mixed. The Index of Leading Economic Indicators rose 0.8% suggesting little chance of a recession anytime soon
Next week, the earnings calendar is brisk with about a third of the companies in the S&P 500 reporting. There are two key items on the economic calendar: the Fed policy meeting and the advance estimate of 3Q14 GDP growth.
Austin Peay State University to have Author Kate Schmitt to read from “beautiful and heartbreaking” memoir on October 23rd
Clarksville, TN – Kate Schmitt’s grandmother was in her 30s when she committed suicide. The tragic event took place long before Schmitt was born, but the death has haunted her throughout her life.
After years of struggling with this unwanted legacy, Schmitt, a skilled poet, decided to face these demons by writing a memoir addressed to her late grandmother.
The resulting work, “Singing Bones,” won the 2013 Zone 3 Press Creative Nonfiction Award. «Read the rest of this article»
Portraits for Prevention to raise money for the Unite for Her Foundation at the Customs House Museum on Saturday
Clarksville, TN – Are you looking to have a few affordable, professional family photos done! If so come to Portraits for Prevention this Saturday, October 25th from 12:00pm-5:00pm at the Clarksville Customs House and Museum!
For a donation, professional photographers will be available to take portraits of families as well as survivors and their families. We will have hair and makeup artists available and as well. The Donations will be going to benefit the Unite for Her Foundation!
Clarksville, TN – Have you seen the old stone building on Walker Street in the New Providence area? If not, come by and take a look at it some time. This primitive looking building, labeled “Sevier Station”, is on the National Register of Historic Places and is touted as the oldest building in Montgomery County, Tennessee.
As you walk around and gaze at the roughhewn limestone quarried from the nearby bluffs, and ponder the old chimney placed oddly in the center of the building, and consider the apparent gun port built into the east side, may you contemplate the ground upon which you are standing.
Clarksville, TN – What a week. Concerns about the downside risks to Europe and the rest of the world pushed global equity markets down and the U.S. followed. The economic data mattered little for the most part, but disappointing retail sales figures added to the drop in U.S. stocks on Wednesday.
Yields on long-term Treasuries sank sharply. Following a few days of elevated volatility, the financial markets appeared to settle down on Friday.
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