Economically Speaking

Some Common Cents for April 19th 2013

April 26, 2013, by John Norris

Disclosure: Oakworth Capital Bank owns Apple Inc. in client accounts. One of the more perplexing questions we get is: what is going on with Apple? Unless you have been in a cave, you know the stock has taken it on the chin, and then some, over the last 6 months or so. This as the company has produced decent results, and increased its hoard of cash. Looking at the balance sheet and income statements, you...

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So far, AL immigration bill, HB56, an economic non-event

April 22, 2013, by John Norris

  Congress is currently debating immigration reform. Alabama beat it to the punch with HB56 a couple of years ago. How has this legislation impacted the state’s economy thus far?   How has the infamous HB56 impacted the Alabama economy? That is a great question, and I apologize for the answer: No one really knows, as it is still too early to tell, if we ever can tell... Read full article as previously published in the Montgomery Advertiser April 19,...

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Some Common Cents for April 12, 2013

April 17, 2013, by Shelley deClerk

Last night, I made a presentation, ostensibly about economics. By the end of my allotted time, however, I had delved off into conjuncture and personal opinion which bordered on histrionics. What I said wasn’t wrong; it was anyone’s best guess, and it just so happened to be mine. Lets face it: if I could look into the future with crystal clarity, I probably wouldn’t have made that speech last night, you know? However, I was...

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Not Seeing the Forest for the S&Ps?

April 9, 2013, by Shelley deClerk

The S&P 500 recently hit an all-time high, and was up over 10 percent for the 1st Quarter. When I looked at my 401K, and did some math, it looks as though my account was up closer to 5 percent, if that. I complained to our office manager about the investment options, but he just shrugged his shoulders. What can I do? I don’t know the investment options in your company’s plan or how you...

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Happy Birthday to Oakworth! Celebrating 5 Years This Week!

April 4, 2013, by John Norris

What is your competitive advantage? What sets you or your firm apart from the rest of the maddening crowd? How do you add value? Do you even know how you do or if you do? The Official Tourism Resource of the State of Mississippi (Mississippi) has recently been running an advertising campaign advising people to “find your true South.”  Since regionalism and regional pride is probably strongest in the Deep South, this undoubtedly sounded like...

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Education Woes, Not Just a School Problem…

March 26, 2013, by John Norris

You tend to put everything in an economic context. So, what is the potential economic impact to the state of the controversial Alabama Accountability Act the governor signed into law this past week? After reading the legislation twice, the overall economic impact will probably be somewhere in between the loudest arguments from both sides. Such is the case with most things. However, this act alone won’t cure what ails our public schools. Educating a child...

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Strong start to 2013 or Simply a Lackluster end to 2012?

March 11, 2013, by Shelley deClerk

Q: Last week you wrote about whether we are in a recession, and were noncommittal. However, the stock market is up and the economic data has been pretty good recently. With all the other bad news out there, why has the U.S. started the year on such strong footing? A: Why has 2013 started off as good as it has? Well, it is still early, but the easy answer is: because the last half of...

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With everything going on in the world, why do the business headlines seem so dull and uninspiring?

January 10, 2013, by John Norris

What do you have against 2 percent economic growth? In all seriousness, you are not alone. The headlines have become somewhat boring, and it isn’t the media’s fault. There are only so many ways to say the same thing over and over. If you are like I am, you probably want to scream every time you read or hear the word uncertainty. Then we had hours upon hours of fiscal cliff discussion, almost to the...

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Common Cents for January 4, 2012…Happy New Year!!!

January 7, 2013, by John Norris

Last night, my wife was playing a song on the piano which I couldn’t remember having heard, but I liked it. So much so, I asked her what it was, and she told me it was from the movie “The King’s Speech.” Hmm. Since I hadn’t heard her play it before last night, I asked her when she had gotten the sheet music. Not that I cared that much; we had simply been out of...

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2012 seems to be doing the exact same thing as 2011: coming in like a lion, and going out like a lamb. Does 2013 prove to be any different? I hope so.

January 4, 2013, by John Norris

At the beginning of the year, I would say the following to anybody who would listen: “if you liked 2011, you are going to love 2012.” While the investment markets have been a little better than last year, the economy is about the same, as is Washington. Very little is as we want it to be; however, things aren’t as bad as we really fear, primarily because we fear the worst. Guess what I am...

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