Category Archives: Newsroom

Weekly Econom. Commentary 09222014

Weekly Economic Commentary 9/24/14

MIND THE GAPWeekly Econom. Commentary 09222014

On September 17, 2014, the Federal Reserve’s (Fed) policymaking arm, the Federal Open Market Committee (FOMC), met for the sixth time this year. On the one hand, the FOMC surprised markets by announcing “how” it would exit from quantitative easing (QE) and reduce the size of its balance sheet in the coming years. On the other hand, the FOMC calmed markets by not making any substantive changes to its forward guidance to the public and financial markets on when it would begin raising rates.

The statement released after the meeting once again said that the FOMC
would keep rates low for a “considerable time” after QE ends. However,
the new set of economic and rate forecasts by FOMC members indicated
an earlier start to rate hikes than the forecasts made at the conclusion of
the June 2014 FOMC meeting and a slightly steeper path for the fed funds
rate once rate hikes commenced. Some market participants — ourselves
included — thought that perhaps the FOMC would switch to a more
explicitly data-dependent approach (how quickly the economy is growing,
where the unemployment rate is, what the inflation rate is, etc.). The FOMC,
however, decided to strike a more balanced tone, and Fed Chair Janet Yellen
repeatedly stressed in her post-FOMC meeting press conference that…

Read Full Report here Weekly Economic Commentary 09222014

Weekly Market Commentary 09222014 tn

Weekly Market Commentary 9/24/14

Don’t Fight the Fed ECB? (Part 2 of 2)Weekly Market Commentary 09222014 tn There have been a lot of bad movie sequels. Remember Ghostbusters II? Grease 2? Blues Brothers 2000? In the case of this Weekly Market Commentary, “Don’t Fight the Fed ECB? (Part 2 of 2),” we hope you find the sequel at least as good as the original, perhaps something closer to The Godfather: Part II than The Godfather: Part III.

Last week we answered the question of whether the latest bold stimulus measures by the European Central Bank (ECB) are a buy signal for European equities. We highlighted key differences between buying Europe now and the United States several years ago during the start of the Federal Reserve’s (Fed) quantitative easing (QE) programs. The different pictures for growth, valuations, and corporate profits in Europe versus the United States lead us to conclude that we should take a broader view to evaluate the investment opportunity in Europe. To that end, this week we take a deeper dive into the investment opportunity in Europe and evaluate fundamentals, valuations, and technicals — none of which we find particularly compelling at this time.

Read Full Report here Weekly Market Commentary 09222014

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Hotel Scam Alert

Traveling Somewhere? Read this Hotel Scam Alerto-TELEPHONE-SCAM-facebook

The following scam was passed on to us by John Conroy of MDNA Member firm Machinery International.  We are sensitive to the scams that bombard our businesses every day.

This scam can affect us when we travel so please be on guard.

Here is what happens:

You arrive at your hotel and check in at the front desk. Typically when checking in, you give the front desk your credit card (for any charges to your room). You go to your room and settle in and everything is good.

The hotel receives a call and the caller asks for (as an example) room 620 – which happens to be your room. The phone rings in your room, you answer and the person on the other end says the following: ‘This is the front desk. When checking in, we came across a problem with your charge card information. Please re-read me your credit card number and verify the last 3 digits numbers at the reverse side of your charge card.’

Not thinking anything is wrong, since the call seems to come from the front desk you oblige. But unfortunately it was a scam by someone calling from outside the hotel. They have asked for a random room number, then asked you for your credit card and address information. They sound so professional, that you think you are talking to the front desk.

If you ever encounter this scenario on your travels, tell the caller that you will be down to the front desk to clear up any problems. Then, go to the front desk or call directly and ask if there was a problem. If there was no problem, inform the manager of the hotel that someone tried to scam you of your credit card information, impersonating a front desk employee.

This was sent by someone who has been conned and is still cleaning up the mess.

ANYONE travelling should be aware of this.

MEMORANDUM-Scam Alert

September 11, 2014

TO: MDNA Members     

FROM: Mark Robinson, Executive Vice President      

We have just heard from several members who have been approached by potential scammers.

These particular scams follow the familiar script of quickly agreeing to buy a machine and asking for bank information immediately.

As an MDNA member service we keep a list of all reported fraudulent activity on the Members’ Only section of the back office.

See the two contacts below.

Amit Panchal
Purchase Manager
Greg TABRIZ
TABRIZ Group of co Ltd
Address: 65 Voznesensky Prospect, St. Petersburg 190000, Russia
Tel: +7 495 777-41-71  – Fax: +7 495 777-82-41

MKR GLOBAL TRADING COMPANY
Al Qusais,P. O. Box 1871, Dubai U.A.E.,
United Arab Emirates
Tel:+971 526 532416
Fax: +971-422 703 91
VAT #: 637418DXB
Faisal Jassim
fx29999@hotmail.com

DON from absolute machinery

Absolute Machinery team to walk for cancer research

DON from absolute machinery
Don Detenber

MDNA Member firm Absolute Machinery Corporation will walk for cancer on September 28th, 2014 in honor of Don Detenber, who passed away this year after battling multiple myeloma.

Nate Smith, President of Absolute Machinery said  “Don, a dear family friend…was my mentor when I was a very young child, had me clean machines for him when I was a teenager sometimes in subzero warehouses and when I would complain he said it was character building- “just get it done.” When I was in college he arranged an internship for me for several years at a plastics factory where I was able to hone my machinery skills. 

Eventually I went to work for Don at Yankee Machinery Sales (a manufactures representative firm & used equipment trader in the plastics industry) and attended several local MDNA meetings in the early 1990’s and he claimed at that time that is was the only organization where the folks are interested in networking and making money together!  After retiring he was redeployed here at Absolute to mentor the up & coming young guns to make sure they abided by good business practices and then he became the ‘Absolute Oracle’ for 10+ years in addition to selling equipment. He was a gentlemen and wonderful person and we all miss him.”

Every year the Absolute Machinery team strives to make a difference by participating in the Annual UMass Medical Cancer Walk. They said for them it is a privilege and an honor to raise money for cancer research with the goal of developing better treatments and ultimately eradicating this horrible disease.  Absolute Machinery also states that this is a personal cause for their employees, many of whom have had family or friends touched by cancer. Of equal importance to them, the UMass Medical Cancer Walk lets their team come together with others to remember those who have lost their fight with cancer, to support those who continue their fight, and to celebrate those who have fought and won.

To learn more or to pledge with the Absolute Machinery Team, visit First Giving online https://www.firstgiving.com/fundraiser/team-absolute/2014

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