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VOL. 129 | NO. 83 | Tuesday, April 29, 2014

Daily News Seminar Looks at State of Economy

By Andy Meek

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The recession that gutted the economy in recent years has, among other things, replaced good, high-paying jobs with jobs that don’t pay especially well.

That’s among the findings of a new report from the National Employment Law Project, which analyzed trends related to jobs in the aftermath of the recovery. It’s one example of how there’s plenty of ground to dig into as part of an analysis of the qualities of the economy of the moment, and The Daily News’ next seminar will do just that.

Providing context to go along with that somewhat tepid backdrop is the fact that the equity markets have roared back to all-time highs. The Daily News’ next seminar, Money & Markets: The State of the Economy, will look at all that, plus what 2014 has in store as well as investment strategies that can be used to take advantage of the bullish stock market while also providing protection from volatility.

The seminar is part of The Daily News’ 2014 Seminar Series. It will be held May 15 at the Memphis Brooks Museum of Art, 1934 Poplar Ave., starting at 3:30 p.m.

HOGAN

The newspaper’s seminars include a keynote address and an interactive panel discussion. The Money & Markets keynote will come from Art Hogan, chief market strategist for Wunderlich Securities Inc.

Hogan joined Wunderlich a few weeks ago and has been a familiar face on Wall Street, making regular appearances on business news programs like Bloomberg and CNBC. His resume includes stints with Lazard Capital Markets, Morgan Stanley and Dean Witter Reynolds Inc.

At Wunderlich, Hogan provides reports on the markets for use by the firm’s advisers.

“There is little doubt that cult-like momentum names get over-valued,” Hogan wrote in a recent commentary on the stock market. “It is the nature of the beast. And when that group heads in a given direction it is not for the faint of heart to get in the way, up or down. Stocks can remain irrational longer than you and I can remain solvent.”

Meanwhile, the seminar’s panel will include David Waddell, president and CEO of Waddell & Associates; Kent Wunderlich, chairman, CEO and general counsel for Financial Federal; and Tom Sullivan, a member with Reynolds, Bone & Griesbeck PLC.

Seating is limited for the event. To register or for more information, visit seminars.memphisdailynews.com, or contact Leah Sansing at 528-8122 and at leah@memphisdailynews.com. A wine and cheese reception will follow the event.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 30 106 2,644
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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