Musings & Insights

Common Cents & Krystal Burgers for March 22, 2019

March 19, 2019, by John Norris

Someone once asked me the difference between an economist at a university and one at an investment firm. Okay, I lie. A lot of people have asked me that over the years, as it is confusing. After all, you have one group of economists, like those at the Federal Reserve, looking at dot patterns, setting monetary policy, and devising complicated theories. On the flipside, you have folks, like yours truly, who discuss or analyze economic...

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Common Cents & Soccer Balls for March 15, 2019

March 15, 2019, by John Norris

This week, the members of the US Women’s National Team (USWNT), soccer, filed a discrimination lawsuit against the US Soccer Federation (USSF) over the disparate pay between the USWNT and the US Men’s National Team (USMNT). The complaint in the United States District Court for the Central District of California – Western Division is 24 pages long, and has something along the lines 41 complaints. As with any legal complaint or legislative resolution, you can...

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SecurLOCK Equip™ Debit Card Controls

March 11, 2019, by Lindsey Owens Krausen

SecurLOCK Equip Debit Card Controls SecurLOCK Equip is an easy-to-use mobile app that puts the power to protect your debit cards in your hands.  Simply use the app to turn your card on or off in real time as needed. Or customize your card by setting permissions. SecurLOCK Equip features: Set up transaction alerts Control where your card can be used Turn your card off and on Set Merchant locations View recent transactions Here's how it works. Left...

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Travel Tips

, 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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Common Cents & The UBI on March 8, 2019

March 8, 2019, by John Norris

Last week, I attempted to explain Modern Monetary Theory (MMT), and am not sure I did a good job doing so. Frankly, I am not certain how anyone could, save a smug so & so with a political agenda, and even that wouldn’t make sense. Then it dawned on me, and how! The perfect way to describe MMT to folks who don’t ordinarily read economic newsletters. Here it goes. Imagine there is this old, fat...

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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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Common Cents or Mental Gymnastics for March 1, 2019

March 1, 2019, by John Norris

Over the next 18 months, we, the general public, are going to get a heaping helping of discussion about something called ‘Modern Monetary Theory’ (MMT). This is a macroeconomic framework which leftist economists and politicians have brushed off to explain how the country is going to pay for some of the more extreme societal programs currently on the table. But what exactly is it? Let me give you what Investopedia.com says is the ‘central idea...

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Common Cents for February 22, 2019

February 22, 2019, by John Norris

Yesterday afternoon, the Kraft Heinz company (KHC) issued its earnings for the most recent quarter, as well as announcing the impairment of a massive amount of goodwill, some $15 billion, on its balance sheet. Obviously, this had a very negative impact on overall earnings, disastrous even as the stock came out of the gates this morning like a 3-legged horse. Dreadful. As for revenue and core business performance? Those things were decidedly mediocre, beyond bleah, and...

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Common Cents for February 8, 2019

February 8, 2019, by John Norris

This week, freshman Representative Alexandra Ocasio-Cortez sponsored, I guess you could call it that, a resolution she called: “Recognizing the duty of the Federal Government to create a Green New Deal.” The Green in this instance means ‘environmentally friendly.’ The phrase New Deal harkens back to Roosevelt’s New Deal programs during the Great Depression. As such, a Green New Deal is/would be a massive government undertaking to create a more environmentally friendly society and economy....

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Common Cents for February 1, 2019

February 1, 2019, by John Norris

In response to last week’s Common Cents about recent proposals to tax ‘the rich,’ a buddy of mine wrote what was basically a ‘yeah but’ email, positing higher taxes can be offset in the economy by an artificial increase in the supply of money, namely printing it. In so doing, the government can maintain a steady flow of dollars into its coffers while ensuring financial liquidity and a lid on inflation. Intellectually, and in theory,...

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