Some Common Cents for January 24th 2014

January 27, 2014, by John Norris

Back in the day, back before I was born, the Kingston Trio had a song called “The Merry Minuet.” As my father liked the Kingston Trio, and I mean a lot, I grew up listening to the group’s music, and I particularly enjoyed this song. In fact, the year after I graduated from college, I even sang it on stage  in front of about 100 people in what would have been called a hootenanny in...

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OCB Receives highest national rankings…again…

January 22, 2014, by John Norris

Oakworth Capital Bank receives highest ratings in national rankings Strong financial condition earns highest grade from 3 financial ratings firms. Please see link below for full press release. ...Read On...

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Oakworth welcomes Mr. John McPherson to its Board of Directors

January 17, 2014, by John Norris

Oakworth Capital Bank is pleased to announce the addition of John McPherson as a member of its Board of Directors. Mr. McPherson is Executive Vice President and Chief Financial Officer for Vulcan Materials Company. He joined the company in 2011 as Senior Vice President of Strategic Planning and Business Development and most recently served as Senior Vice President of Vulcan’s East Region. Prior to coming to Vulcan, he was a senior partner of McKinsey &...

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Some Common Cents for January 10th 2014

, by John Norris

This morning the Bureau of Labor Statistics (BLS) released the Employment Situation report for December 2013.  While it wasn’t an absolute disaster, I think it would fair to say the report didn’t live up to virtually anyone’s expectations. Simply put, the US economy created 74K net, new payroll jobs last month. The median estimate in Bloomberg’s survey of 90 analysts was for 197K, and the average estimate was 196K. The high was 250K; the low...

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Some Common Cents for January 3rd 2014 Happy New Year!!!

January 7, 2014, by John Norris

In trying to come up with a worthwhile forecast for 2014, I kept coming back to something I have said over and over again throughout the years: “the US economy and markets rarely fall apart just because. There is almost always, if not always, some kind of shock to the financial system which precipitates declines in both.” By declines, I mean recession and 2008; I don’t mean 2% GDP growth and 0% in the S&P...

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