The P.A.

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

A Little Back-of-the-Napkin Calculating

On December 29th, 2014, posted in: Uncategorized by

napkin mathA few blogs ago, I got all Jack Russell Terrier on the Federal Reserve for not increasing rates. My point was that a lack of rate increases hurts seniors and savers (many times one and the same). With little shame, I pleaded for rate increases sooner than later. Well, the Fed has responded to my growling plea: Stuff it — for now.  (more…)

Give the Greatest Gift of All — Be a Great Father

On December 22nd, 2014, posted in: Uncategorized by

father and son in park

If you’re a man or a dad, this one’s for you. If you know a man or a dad, this one’s for you too. Pass it on. This holiday season, give the greatest gift of all — be a great father. It’s the gift that truly keeps on giving for the entire year and beyond.  (more…)

Listen, Really Listen, to Improve Our World

On December 15th, 2014, posted in: Uncategorized by

businessman on cellphoneHave you ever heard the term “tin ear”? Merriam-Webster (the dictionary) defines tin ear as “a lack of ability to hear something in an accurate and sensitive way.” (more…)

We Think We’re Crazy Rich

On December 8th, 2014, posted in: Uncategorized by

yellow pickup trucks

Here we go again. Never underestimate the consumer’s desire to spend money. It’s true enough that many folks don’t have as much as we once did because wage increases have not kept pace with cost of living, but what little we have will be spent — promise! (more…)

Accumulating Wealth vs. Accumulating Shoes

On December 1st, 2014, posted in: Uncategorized by

hole in shoe

If I hadn’t seen it for myself, I would not have believed it — or maybe I would have. On second thought, it doesn’t surprise me one bit.

This past Wednesday, a half-page picture in the Wall Street Journal showed Warren Buffett on stage at some event in which he was a panelist. As is done sometimes, the event organizers had their panel sitting in casual living room chairs holding a hand-held mic. The “Oracle of Omaha” appeared comfortable. Why wouldn’t he? As bright as he is, what question could possibly be posed that would throw him for a loop?  His shoes looked comfortable, too. Real comfortable. Some would say too comfortable. (more…)