Musings & Insights

Common Sense & Scorching Temps on September 13, 2018

September 13, 2019, by John Norris

It has been blisteringly hot here in central Alabama, seemingly forever. You expect hot weather when you live here; however, recent high temperatures have been unusual even for those of us accustomed to them. So much so, climate change was a popular topic of discussion at a cocktail party I attended in Montgomery, Alabama, this past Thursday night. You read that right: climate change was a topic of discussion at a recent cocktail party in...

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Common Cents & US Negative Interest Rates? Common Sense? September 6, 2019

September 6, 2019, by John Norris

This week, a friend of mine sent me an article she felt I might find interesting. Actually, calling it an article might be a bit of a stretch, as it wasn’t much more than a few hundred words. However, it was enough of one to warrant its own headline, and what a headline it was: Alan Greenspan says it’s ‘only a matter of time’ before negative rates spread to US. That is exactly how it...

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Common Cents & “What In The [heck] Was That” on August 23, 2019

August 23, 2019, by John Norris

Up until about 10:00 CDT this morning, I struggled with a topic for today’s newsletter. Everything was variations on a theme or similar to something I had read elsewhere. I mean, how many different articles can you read about Fed Chairman Jay Powell’s comments on monetary policy after a meeting of academics? The answer is: as many as you would like, and there isn’t a nickel’s difference between the lot of them. At about that time,...

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Common Cents & Falling Interest Rates on August 16, 2019

August 16, 2019, by John Norris

What an awful week, I mean really. It is too hot to much of anything outside other than sweat. However, if you stay inside, you are probably going to watch the markets flummox about and the rest of the world try to tear itself apart at the seams. For some reason, as I was reading yet another depressing story on some news service this week, a song came into my head and become something of...

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Common Cents & Tragedies on August 9, 2019

August 9, 2019, by John Norris

Most people reading this will know the stock market fell apart this past Monday (8/5/19). At one point, it looked as though the Dow Jones Industrial Average (Dow) would close down in excess of 1,000 points. In fact, I would have bet on that at some points during the day. The vibe was that bad. Fortunately, if you want to call it that, the Dow ended the day only 767.27 points lower than where it...

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Meet the 2019 Oakworth Summer Intern Associates

August 2, 2019, by Lindsey Owens Krausen

Emma Goolsby “Tell me and I forget, teach me and I may remember, involve me and I learn.” -Benjamin Franklin It’s a strange feeling—being bombarded with pictures of people you know at the beach or on fabulous summer vacations and not being envious or wishing you were elsewhere. Rather, I love waking up every morning and being excited to go to work. Most interns do not have this experience. In fact, I believe most experience the...

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Common Cents & Negative Interest Rates on July 26, 2019

July 25, 2019, by John Norris

About 20 years ago, I was a groomsman in the wedding of one of my miscreant friends. A few years prior, he could have said the same about me. For the guys’ weekend, as I hesitate to call it a bachelor party, we went to Atlantic City. At the time, I had been to a few casinos, a very few, and had only played the up to $10 blackjack tables and the slot machines. To...

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2nd Quarter Economic Update for 2019

July 24, 2019, by John Norris

The 2nd Quarter of 2019 wasn’t quite as strong as the 1st, but the markets still managed to post solid absolute returns. After a horrible month in May, investors climbed back on the rally bandwagon in June, and the party which started in January has kept up through the first couple of weeks in July. It has been quite a ride. So, what gives? Why has this year been so good for the stock market?...

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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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Common Cents & Novak Djokovic on July 19, 2019

July 18, 2019, by John Norris

This past Sunday, I watched every point of the men’s finals at Wimbledon between Roger Federer and Novak Djokovic, every point. This took some conviction and playing hooky from church, but I couldn’t peel my eyes away from the screen. While I will stop short of saying it was the best tennis match in history, I am not sure if I have personally seen a more gripping one. It was the longest men’s final in the...

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