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9.15.14 market

Weekly Market Commentary- 9/15/2014

Don’t Fight the Fed ECB? (Part 1 of 2)9.15.14 market

The European Central Bank (ECB) announced bold stimulus measures,
including further cuts to key interest rates and an asset-backed securities
(ABS) purchase plan, on September 4, 2014. The moves are an
acknowledgment of the recent deterioration in the Eurozone economy and
increased deflation risk. This decision follows the historic move to negative
deposit rates initiated back in June of 2014. These measures are geared
toward spurring economic growth through easier access to cheaper credit
for businesses and households and toward driving prices higher to avoid
deflation. These moves may also continue to pressure the euro currency and
help boost European exports.

Is this move by the ECB a buy signal for European equities? To help
answer that question, we look back at how U.S. stocks reacted to our own
monetary stimulus through quantitative easing (QE). Although Europe
has not engaged in outright QE (where the ECB buys government bonds
directly), it may in the future. With essentially zero interest rates (or lower),
and the addition of bond purchases, these ECB moves are similar to the
Federal Reserve’s (Fed) moves.

Buying stocks after the various QE programs were announced by the
Federal Reserve was generally a profitable decision for investors, although

Read full report here Weekly Market Commentary 09152014

9.15.14

Weekly Economic Commentary- 9/15/2014

Fall FOMC Watch

On Tuesday, September 16 and Wednesday, September 17, 2014, the

9.15.14Federal Reserve (Fed) will hold the sixth of its eight Federal Open Market Committee (FOMC) meetings of the year. This meeting will include a press conference by Fed Chair Janet Yellen and FOMC members’ forecasts for the economy, the timing of the first fed funds rate hike, and the level of the fed funds rate at the end of 2014, 2015, 2016, 2017, and in the long run. In recent years, markets have been conditioned to expect a greater possibility of policy changes at meetings accompanied by press conferences and new forecasts and, as a result, market participants have increased their odds that
the Fed will change “something” at this meeting.

Although we continue to expect the Fed will again cut the pace of its bond
purchase program (quantitative easing or QE) and remain on pace to exit QE
by the fourth quarter of 2014, the odds have increased in recent weeks that
the Fed will take some additional action. Arranged from most likely to least
likely (in our view), at this week’s meeting the Fed could:

Read full report here Weekly Economic Commentary 09152014

IMTS 2014 STAIRS

Chicago Chapter Reception/ IMTS 2014

IMTS 2014 STAIRS
MDNA GOES TO IMTS 2014/ 9.8.14

Over 200 people were on hand including MDNA Member firms, Premier Vendors, Prospective Member Companies and their guests for what many have described as “the best MDNA Chicago Chapter Reception and Dinner ever held.” We would like to thank the Chicago Chapter leadership team and the sponsors for making this evening such a success. Chapter Chairman Bob Yeoman, the leadership team of John Josko, Joe Lundvick and Ronnie Graff all worked tirelessly to put this event together.  Without our sponsors (listed below) we could not have had this outstanding networking event at the new Radisson Blu Aqua Hotel, in the great city of Chicago during IMTS 2014.

In addition to the networking and camaraderie, the attendees participated in a silent auction to raise funds for the Austin D. Lucas Scholarship Fund.

The MDNA would also like to thank the people who volunteered their valuable time at the MDNA booth at IMTS.  Our booth space, provided by Allways Precision Inc. was staffed the entire week by both MDNA member volunteers and MDNA staff who represented the Association and collected leads on behalf of all members.  In a sea of shiny new machinery we were proud to offer a viable alternative and our volunteers made this possible.  Leads will be posted throughout this week in the Member’s Only Back Office. [Not a valid template]

Check out posts about the IMTS 2014 show and see more photos on our MDNA Facebook page! thankyou_Arizona

Platinum Plus SponsorsBidSpotterHighResPerfection logo Bannerabbott logo

 

Platinum Sponsorsperfection industrial logodirect captital logoarron logoholland 2HilcoIndLogo2013_210heath logo acsyeoman logoyoder logo
Gold Sponsorsgreat american logo NME LOGO (2)intersea logo raco logoiaac logo

 

Silver Sponsorsblumbergbranford group logovictory logoWELD PLUS largelogo pdf_Page_1graff machine logoGP logomtc logokoster

CONTRIBUTORS: F.P. Miller Company,  Corrigan Air & Sea Cargo Systems 

ElectromateBMS

Exhibiting MDNA Member Companies

Published in the MDNA News, 2014 Summer Edition- Written By Jennifer Gray, MDNA

The International Manufacturing Technology Show (IMTS 2014) is from September 8-13, and anticipates to see over 100,000 people from countries all over the globe marching their way into Chicago’s McCormick Place to view the latest technology, tools and services, of close to 2,000 exhibitors, network with the industries power players, and meet the faces of their competitors. Among those exhibitors will be a handful of proud MDNA member companies who welcome you to stop by and visit their booth during the show.

We contacted those member companies to find out some of the cool things they plan to exhibit and also asked them to explain what IMTS does for their business.

Broaching Machine Specialists Co. fElectromateBMSirst became a member of MDNA in 1951 and re-established membership again in 1973. This year BMS will be exhibiting a machine they manufacture themselves called the BMS ELECTRO-MATE Electric Drive Vertical Table-Up Internal Broaching Machine. The machine has 15 ton pulling capacity with 54 inches cutting stroke. The machine is electro mechanically powered (not hydraulically powered which is traditional for most). It is an ideal machine for high volume internal broaching operations such as splines or other internal forms.

BMS has been building table up broaching machines since 1994 and they have over 50 of them operating in manufacturing facilities throughout the world. These machines are available in capacities ranging from 5 tons to 50 tons and 36 inches to 90 inches. BMS has been exhibiting at IMTS since 1996.

“It is a great way to get exposure. IMTS is attended by manufacturers from all over the world and the exposure lasts a long time. We’ve had the occasion of a customer calling and saying, ‘I picked up your literature at IMTS 6 years ago and now I am in the market for a broach.’ ” —Matt Egrin, President BMS
BMS Booth: N-7229 Pavilion: Gear Generation
www.broachingmachine.com

IMG_0281 (2) RP Machines editRP Machine Enterprises, Inc., a gear machinery dealer, with both used and new gear machinery has been a member of MDNA since, 2003. RP also reconditions and services gear machinery as well as retrofit gear machines with CNC controls. RP represents several new machine lines including G&E (Gould & Eberhardt), Hera, and TTi. G&E are large capacity gear gasher and hobbers, Hera is a large line of CNC gear hobbers, TTi has a large line of gear inspection machines. Mitch Springer, Business Manager for RP Machines says “We have been exhibiting at IMTS since 2000 and every show since. At our booth this year, we will have a TTi 600H gear inspection machine and a Hera 350 CNC gear hobber.”
RP Booth: N-7030 Pavilion: Gear Generation
www.rpmachine.com

SUM2, Midwest Tool booth imageMidwest Tool Inc., an MDNA member company since 1997 is proudly celebrating 25 years in business this year and have been exhibiting at IMTS every year since 1992. President of Midwest Tool Inc., Mitchell Zamost says “It’s all in the buy” for them and “We want end users surplus machinery.” He speaks about how beneficial the IMTS show has been for their business stating that they “walk away with a lot of leads by being exhibitors there.” He says his secret is the pounds and pounds of brightly colored M&M candies he keeps stocked at his booth and that “people fight their way to get there!” If you are looking to meet Mitchell during IMTS this year you probably won’t find him under the name Midwest Tool Inc. as he focuses on marketing the name “sellusedmachinery.com.”
MT Booth: N-6337 Pavilion: Fabricating / Laser / Additive www.Sellusedmachinery.com

IMG_2514prestiguePrestige Equipment, Corp. an MDNA member company since 1992, started exhibiting at IMTS in 2004. This year they will have video monitors and computers for visitors to browse extensive inventory and learn about their full scope of industrial services. They plan to bring many Prestige team members to staff their booth, in order to give potential buyers the opportunity to meet them. They exclaimed that they “feel this is still an important way of communicating as opposed to simply being on the other side of an email or phone conversation. “

“We feel it’s important to keep the Prestige Equipment brand shows…this give us an opportunity to offer an affordable alternative to the new machinery on the show floor. IMTS in particular attracts thousands of potential machinery buyers, many of them decision-makers, under one roof and provides us with a great opportunity to introduce ourselves to new customers as well as reestablish a personal connection with familiar ones. In addition, it allows us to meet with business partners in an environment that fosters collaboration and long-term relationships. The show gives us the chance to receive direct feedback from both current customers and potential prospects.” – Paul Lashin, Vice President
PE Booth: N-6470 Pavilion: Fabricating/ Laser/ Additive www.prestigeequipment.com

Other MDNA members who will be exhibiting that you should stop by and see are: DiPaolo Machine Tools Ltd. at booth: S-8384 Pavilion: Metal Cutting , Allways Precision, Inc. at booth: N-6651 Pavilion: Abrasive Machining/ Sawing/ Finishing And due to the generosity of Allways Precision, Inc. the Machinery Dealers National Association will be exhibiting at IMTS 2014! MDNA Booth: N-6651 Pavilion: Abrasive Machining/ Sawing/ Finishing

We look forward to seeing you all at IMTS!

usetecpr1

MDNA GOES TO GERMANY FOR USETEC 2014

usetecpr1FOR IMMEDIATE RELEASE
MAY 15, 2014

WASHINGTON, D.C. – Mark Robinson, MDNA Executive Vice President attended the 2014 USETEC show (The Largest World Trade Fair for Used Technology) in Cologne, Germany on behalf of Machinery Dealers National Association on May 5th- 7th, 2014. Mark said, “I was proud to be there representing the MDNA and our Members to this audience of international used machinery customers, from around the world and excited to see a number of familiar faces.” MDNA Members who exhibited at USETEC included: Electro Motion U.K. (Export) Ltd., G.C.H. Machinery Division Inc., Hilco Industrial, LLC, Perfection Global, LLC and R. P. Machine Enterprises, Inc. Mark also said, “I was honored to attend the EAMTM Council meeting and to meet a number of their members.”

Mark distributed over 300 copies of the Buyer’s Guide, approximately 500 MDNA postcards, and 350 business card magnets, which were aimed at driving new International customers to the MDNA website to: Find MDNA members, locate machines for sale, get the Buyer’s Guide, and learn about becoming an MDNA member. In regards to turnout, Mark said, “In addition to customers from 102 countries interested in all types of metalworking machinery, there was a high demand for food processing and packaging and I was able to direct them to specialty listings within our Buyer’s Guide.”

For the complete list of leads collected from the show (which include potential end user customers) please log into the Member’s Only Back Office and locate them in the SALES LEADS section under USETEC 2014. **Please note that some of the leads come from countries that the U.S. and other countries currently have trade restrictions with. All members should be aware of their countries trade restrictions before contacting any customer outside of their own country.

About USETEC:
USETEC is the largest and most important trade fair in the used technology sector attracting interested parties from all over the world. USETEC features live presentations of used machinery and equipment from over 20 sectors. It is the perfect opportunity to make valuable contacts, strengthen your networks and do successful business.

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FOR PRESS RELATED INQUIRIES:
Jennifer Gray
Phone: 703.836.9300
Email: jgray@mdna.org

jimbowman

James Bowman joins LOCATOR Services, Inc. as Sales & Account Manager

jimbowmanEmployee Announcements, May 2ND, 2014

WASHINGTON, D.C. — LOCATOR Services, Inc. is pleased to announce that James “Jim” R. Bowman has recently joined the company as our new Sales and Account Manager of products & services, including proprietary LOCATOR Customer & Inventory Management System, electronic marketing products and machinery listing products.

Bowman comes to LOCATOR Services, Inc. with over 20 years of professional sales and management experience. Most recently, Bowman was the Senior Sales Manager for Intercom Network, where he provided leadership to new hires and developed protocol and sales processes to achieve profitable operation of the business.

Long time LOCATOR Services staff member Frank Wiehl has taken on full responsibility of the LOCATOR Directory and LOCATOROnline With Frank’s 19 years of service to the company and production of the directory he is more than qualified for his new responsibilities.

After 15 years of dedication to LOCATOR Services, Inc. Terry J. Pitman will be leaving in May. We appreciate her many years of service and wish her the best.

About LOCATOR Services, Inc.
LocatorOnline.com is the premier online listing service for used metalworking machinery with tens of thousands of For Sale Listings updated on a regular basis — benders, boring mills, broaches, CNC, cranes, fabricating, food processing, furnaces, gears, grinders, lasers, lathes, machining centers, mills, presses, shears, welding and more — all offered by our exclusive network of machinery dealers. A FREE Buy-Sell Service is available to qualifying manufacturers who want to buy or sell used machine tools or equipment.

The companion printed directory, LOCATOR® of Used Machinery, Equipment & Plant Services, is the world’s largest printed directory of available used metalworking equipment. The directory reaches almost 100,000 buyers, sellers and dealers on a rotating basis.

LOCATOR Services, Inc. was founded in 1969 and is a wholly owned subsidiary of Machinery Dealers National Association (MDNA). Offices are located at 315 South Patrick Street, Alexandria, Virginia 22314.
For more information visit: http://www.locatoronline.com

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FOR PRESS RELATED INQUIRIES:
Jennifer Gray
Phone: 703.836.9300
Email: jgray@mdna.org

FOR LOCATOR SERVICES, INC. INQUIRIES:
Jim Bowman
Phone: 800-537-1446
Email: JBowman@LocatorOnline.com

7.21 weekly market image

Weekly Market Commentary – 07/21/2014

7.21 weekly market imageIs Congress Contemplating QE4?

This past Sunday marked the 45th anniversary of the Apollo 11 moon landing, when American astronauts Neil Armstrong and Buzz Aldrin became the first to set foot on the moon. If they had stayed there, what would their tax rate have been?

The number of U.S. corporations seeking a “tax inversion” seems to be soaring to the moon. An inversion is when a U.S. company acquires another based in a country that has a lower corporate tax rate and moves its tax jurisdiction to that country in order to pay a lower corporate tax rate on profits made outside the United States — profits made inside the United States are still taxed normally.

Read the Full Article…
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Weekly Economic Commentary – 07/21/2014

7.21 weekly Economic  imageBeige Book: Window on Main Street
Modest-to-Moderate Economic Growth Continues

The Beige Book is a qualitative assessment of the U.S. economy and each of the 12 Federal Reserve (Fed) Districts. We believe the Beige Book is best interpreted quantitatively by measuring how the descriptors change over time. The latest edition of the Fed Beige Book, released last Wednesday, July 16, 2014, ahead of the July 29 – 30, 2014 Federal Open Market Committee (FOMC) meeting, once again described the economy as increasing at either a “modest” or “moderate” pace, noting that “labor market conditions improved” but that “several Districts continued to report some difficulty finding workers for skilled positions.” Aside from higher wages to attract talent for these skilled positions, the Beige Book noted that “wage pressures remained modest in most Districts” and that “price pressures were generally contained.” The modest-to-moderate description of the overall economy has now been used in the last 10 Beige Books, and in 11 of the past 12 dating back to March 2013.

Read the Full Article…

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Weekly Market Commentary – 07/14/2014

7.14 weekly market imageCounting Down the Months

After five-and-a-half years of keeping short-term rates in a range of 0 – 0.25%, many market participants believe the Federal Reserve (Fed) is now about 12 months away from hiking interest rates. This may affect markets in the months and quarters ahead as investors begin to brace for a change in policy.

Over the five-and-a-half years since the Fed took the federal funds rate down to a range of 0 – 0.25% on December 16, 2008, participants in the fed funds futures market have had varying views on when the Fed may begin to raise rates for the first time. Figure 1 shows the number of months until the fed funds futures yield will move above the 0 – 0.25% range priced into the futures market at the end of each month. Figure 1 also shows the 10-year Treasury yield (shown with an inverted scale), revealing how in sync long-term bond yields have been with the outlook for short-term rate moves by the Fed.

With the participants in the futures market pricing in the first rate hike at 12 months away, 10-year Treasury yields should be between 2.5% and 3.0%, based on the past five-and-a-half year relationship between them. The 10-year yield is at the low end of that range now. However, if this relationship persists and the year ends with market participants still thinking the Fed will hike rates in July 2015, the 10-year yield may end this year in a range of 3.0 – 3.5%. Of course, the markets have been wrong repeatedly over the past five years on how soon the Fed may hike rates.

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Weekly Economic Commentary – 7/14/2014

7.14 weekly economic imageGauging Global Growth in 2014 & 2015
Update: Developed Markets Grow, While Emerging Markets Slow

The outlook for global growth is important to investors, since it defines the ultimate pace of activity that creates value for countries, companies, and consumers. This week, as investors begin to digest the S&P 500 earnings reports for the second quarter of 2014, we provide an update on how estimates for economic growth for 2014 and 2015 in the United States and across the globe have evolved over the past few years.

Last week, Christine Lagarde, Managing Director of The International Monetary Fund (IMF), signaled that the IMF would cut its global growth forecasts for both 2014 and 2015, when it releases its mid-year forecast update later this month. Although the release garnered plenty of headlines in the media, the majority of financial market participants took little notice of the report. Why? Because consensus forecasts for global gross domestic product (GDP) growth are available monthly from sources like Bloomberg News, and because markets react to changes in projected paths of economic growth every day amid the daily, weekly, and monthly drumbeat of economic data and events from around the globe.

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