Musings & Insights

The Economy Keeps Creating Jobs

February 7, 2020, by John Norris

In response to a rumor about his death, Mark Twain was supposed to have said: "Reports of my death have been greatly exaggerated." In fact, the actual quote was: "The report of my death was an exaggeration. Either are pretty witty and fairly apropos when describing or discussing the US economy. Despite any number of "bricks in the wall of worry," we just keep chugging along. This morning the Bureau of Labor Statistics (BLS) released 'The Employment Situation...

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SECURE Act: How this impacts you

January 14, 2020, by Mac Frasier

A new year means new tax laws, and this year is no exception.  On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law resulting in many significant changes for retirement savers.  While these changes may not immediately impact you, it is very likely they will apply to you at some point in your life.  In this post, we will highlight some of the more notable changes coming...

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A loss in December could lead to a win in April – Tax-Loss Harvesting

December 11, 2019, by Mac Frasier

When it comes to their portfolio’s investors hate to take losses. But sometimes a loss could be just what the CPA ordered.  As we wrap up another strong year in the stock market many people are starting to think about the tax consequences of all the gains that have realized in the past year.   The good news is that with a few weeks left in the year there are still opportunities to make portfolio changes...

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Quick Note on US GDP on October 30, 2019

October 30, 2019, by John Norris

The Bureau of Economic Analysis released its ‘first stab’ at calculating 3Q 2019 GDP (Gross Domestic Product) this morning (10/30/2019). It estimates/estimated the US economy grew at a 1.9% annualized rate last quarter. This was slightly higher than “Wall Street’s” 1.6% estimate. Key takeaways are: Personal Consumption Expenditures remained healthy at a 2.9% annualized clip. Expenditures on finished products grew at a 5.5% rate Expenditures on services grew at a 1.7% rate. Private Domestic Investment...

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Dear John

October 23, 2019, by Sara McPherson

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, What is the biggest threat to your economic forecast and investment strategy moving forward into 2020? First things first, the Federal Reserve is almost always the low-hanging fruit to be the biggest threat to anyone’s economic forecast. However, that is an unsatisfying answer, largely due to there being so much tension in our society and the markets. The Federal Reserve? That old saw?...

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Dear John

July 23, 2019, by Sara McPherson

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, As the Presidential campaign has been heating up, it seems income inequality will be a major topic moving forward. We have all heard the old adage “the rich get richer and the poor get poorer,” and heard the arguments for ‘living wages’ and $15/hour minimum wages. However, how much do you think these passionate issues will shape the election in 2020? I don’t...

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Dear John

April 10, 2019, by Lindsey Owens Krausen

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, You all recently did a podcast about Artificial Intelligence (AI), and stated it was the reason why Washington has gotten interested in things like a Universal Basic Income and Modern Monetary Theory. While I am not sure about all the ins and outs of those theories, what is the likelihood robots will eventually replace humans in the workforce? First things first: thank you...

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Travel Tips

March 11, 2019, by Lindsey Owens Krausen

Trent Green is our special guest giving our clients some great tips for spring and summer travel.  Trent is Oakworth's Managing Director, Treasury Management. Travel Tips Ah, Spring time…..warmer temps, pollen in the air and the beginning of travel season. Every year, March and April kick off an extended travel season for many of our clients. Whether that travel sends you to the beach, the lake, the mountains, the islands or overseas, the one constant...

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Oakworth helps Auburn Student Investment Fund make 11.6 percent gain in 18 months

March 6, 2019, by Lindsey Owens Krausen

Original story credit:  http://harbert.auburn.edu/news/ASIF-2019.php Since its inception in 2017, the Auburn Student Investment Fund (ASIF) made an 11.6 percent portfolio gain, seeing an initial $250,000 investment grow to $307,000 by virtue of buying and selling stocks, bonds, fixed-income investments, and contributions. The 26-member team of Harbert College finance students didn’t play the stock market with imaginary dollars or Monopoly money. It was the real thing. The Auburn Student Investment Fund portfolio consists of equities, ETFs and fixed-income...

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Dear John

January 23, 2019, by Lindsey Owens Krausen

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, What is your biggest prediction for 2019? My biggest prediction? I tend to compartmentalize things. For instance, I don’t have one favorite movie. Instead, I have a favorite comedy, a favorite drama, a favorite war flick, and so on. The same is true for restaurants; my favorite place for pizza, burgers, etc. For this reason, I don’t have just one big prediction. So,...

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