The P.A.

A weekly address from Patrick Adams,
President of St. Louis Community Credit Union

Good Companies Earn Good Profits

On November 26th, 2012, posted in: Uncategorized by

My blogs are numbered 1 through 52. At the beginning of the year, I always wonder where I’m going to come up with 52 more ideas. And then life happens. (more…)

Take A Peek Into Our World

On November 19th, 2012, posted in: Uncategorized by

I’m a Seinfeld junkie. I know way too much useless trivia about the “show about nothing.” The more remote the trivial reference, the greater the likelihood I have of knowing the answer. It’s not an earth-shattering revelation that I necessarily pound my chest over, but it does make for good conversation from time to time. And the properly-timed Seinfeld reference can make a room full of strangers suddenly realize their hidden camaraderie. On more than one occasion, an awkward setting filled with idle conversation has become a “kicking” party because of a single Kramer reference.

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Life Is What We Make Of It

On November 12th, 2012, posted in: Uncategorized by

I could not be an American aristocrat at the turn of the twentieth century.  That’s 1900 for those of you like me who get confused by such an archaic reference to time.  While the money was good in the circles of aristocracy (they paid no income tax), the beds were small and the houses were huge.  Those in the gilded age ate dinner around 8:00 p.m., had parties to the wee hours of the morning, changed clothes six to seven times per day (to keep up with the other aristocrats in the neighborhood), and ate a lot of French cuisine.  Servants drew the bath for those of privilege.  None of the aforementioned is inviting to me.

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Guarded Optimism For Economy In 2013

On November 5th, 2012, posted in: Uncategorized by

Emerging economic data continues to reflect a slow recovery period forthcoming.  Job creation and housing related matters will not move fast enough to alleviate overall concerns.  Generally speaking, headline inflation (oil & groceries) have remained high and, as a result, have negatively impacted St. Louis residents’ “real” wages.  The automobile manufacturing sector is slowly moving in the right direction.  However, it remains far behind the numbers of cars sold prior to the recession. The banking industry, including credit unions, will continue huffing and puffing due to low rates and rising costs.  Employment numbers remain slow, but are pointed in the right direction.

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