5 surefire ways to kill your company’s innovation January 8, 2019 - By Steven L. Blue, for Multibriefs, January 2019 Innovation is difficult to come by. It is a fleeting concept that eludes most companies. In fact, the odds of a new product idea reaching full commercialization are less than 4 percent. And that is the best case. But, there are five surefire ways you can make certain […]
2019’s top 3 digital marketing trends that matter January 7, 2019 - Written by Emma Fitzpatrick Monday, January 07, 2019 from MultiBriefs All too often, trend roundups can be full of dreams that won’t become reality for years. Of course, virtual reality (VR), augmented reality (AR), artificial intelligence (AI) and voice search will continue to grow this year. But those pie-in-the-sky trends likely won’t impact your […]
The More You Know, Q&A with Wigglesworth Machinery Co. December 11, 2018 - A letter from our President: MDNA Member Profile Question: When and how did you get your start in this business? Gifford Wigglesworth: “I am a fourth-generation machinery dealer. For us this journey began in Chicago at turn of the nineteenth century, with my Great Grandfather Albert W. Wigglesworth. He saw a business opportunity and shifted from selling new […]
Do I Need a Sheet Metal Folding Machine or Press Brake? November 14, 2018 - Written by, Andy Kamashian, AEA Southern Fabricating Machinery Sales, Inc. (MDNA Member Firm) There are many different kinds of fabrication equipment on the market intended to bend or shape metal in various ways. One question that the team here at SFMS is frequently asked is: “what’s the difference between metal folding machines andsheet metal press brakes, and which […]
MDNA Runs Miles for Manufacturing at IMTS 2018 September 12, 2018 - MDNA Members Troy Clark, CEA, Clark Machinery and David Valitt, Machinery Values Inc. were up early to run the M4M 5k with almost 500 other registered racers during the 2018 IMTS show going on this week. Will you join them at the next race? “Since its debut at IMTS 2014, the Miles for Manufacturing (M4M) 5K has been […]
Buyer’s Guide 2019, Reserve Your Space July 31, 2018 - Be a part of MDNA’s next Buyer’s Guide! Over 90,000 mailed to end-users and customers across the Nation and beyond! Buyer’s Guide 2019 View the Order Form and Ad Options for Your Listing here Members receive one FREE listing, but you must reserve this to be included. Buyer’s Guide renewal deadline for submitting changes and orders is […]
EAMTM RECOGNIZES MDNA MEMBER July 2, 2018 - John Marshall of Marshall Machinery Ltd. (EAMTM & MDNA Member) has been awarded a Fellowship of the EAMTM, in recognition of his hard work, dedication and commitment. John has been a member of the EAMTM Association since 1991, has been actively involved on the British Board for many years and was Chairman of the British […]
How Getting Involved Changed the Game for this Member June 18, 2018 - Get Involved in MDNA Leadership and Enjoy the Rewards of Creating our History By Kevin Brewster President / AEA, Brewster Machinery Sales Inc./ MDNA Chapter Leadership Chairman, New England National Board Representative, Proud Member of the MDNA & AMEA As machinery dealers, we all know that sometimes our industry gets a bad rap. It only takes one bad apple to spread […]
Cobots are coming: When mech, man and manufacturing combine June 12, 2018 - by Delany Martinez, originally published via Multiview While humans are capable of astonishing endurance and precision, repetitive motion tasks are bad news for manufacturing: they aren’t just physically harmful over time, they can lead to worker burnout. When productivity is the main focus of most industries today, what’s a large company with large needs to do […]
These Members Met at a MDNA Event and Struck a Deal May 30, 2018 - Testimonial from MDNA Member—-Scott Buth, CEA, CSA, Alternative Machine Tool, LLC At the Detroit “Weekend With The Pros” I met a new MDNA Member, Matt Reed with Benchmark Machine Tools LLC. He introduced himself as an “Expert” in Parts Washers. I am happy to report that I kept his card, and recently I came across a late […]
Southern Regional Meeting RECAP May 23, 2018 - Thanks to our great host and sponsors of the Southern Regional May 2018 Chapter Meeting: Over 30 individuals from over ten MDNA Member firms attended the Southern Regional Chapter Meeting. Firms represented at meeting: AM Metalmaq, ABL Technology, EDM Systems, Great American, Hilco, Pearl Equipment, ReSell CNC, Southern Fab, Standard Industrial, Tiger Group. Prospective Branch Member, […]
A Hand Up for the Next Generation! May 16, 2018 - Mentoring Makes a Difference Ask any accomplished person to what they attribute their success and you’ll probably hear a story about someone who helped them become the person they are today. In fact, most highly successful people have a mentor (or mentors) who took the time to share their knowledge and experience. Mentorship can come […]Welcoming Non-Members to Join Us at… April 11, 2018 - Now Welcoming Non-Members to Join One of Our Up-Coming Chapter Meetings! Dealers, The possibilities are endless when we come together… Learn about how MDNA can benefit you! Check out up-coming events/meetings near you here Simply RSVP to the contact provided with the event or call the MDNA office at 800.872.7807 and let them know which event you’d like to attend. […]
Optional Broadway Shows January 26, 2018 - Hello Dolly cost – $99 Lion King cost – $119 Beautiful: The Carole King Musical – cost $89 To register for one of these go to the MDNA Convention Registration page Beautiful – The Carole King Musical Beautiful is the word to describe this show that tells the inspiring true story of Carole King’s remarkable rise […]
Government Affairs: Huge Changes in the new “Tax Cuts and Jobs Act” January 11, 2018 - (Published on 1/11/18) Written by Craig L. Ward, MDNA Vice President and Government Affairs Committee Chairman. Here’s the MDNA low-down on “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (commonly known as the “Tax Cuts and Jobs Act”) and how it affects […]
The More You Know, ADLSF December 15, 2017 - A letter from our President Did you know that the MDNA Austin D. Lucas Scholarship Fund awards grants for college tuition to children whose parents are employed by MDNA member firms? This member benefit is often called the “heart” of the MDNA. For those not familiar, MDNA’s Scholarship Fund was started by Austin D. Lucas […]
The Annual Tri-Chapter Met at OCC December 12, 2017 - MDNA’s New England Chapter, New York/New Jersey Chapter and Philadelphia Chapter met for their annual Tri-Chapter Meeting on December 7th, 2017. This years meeting focus was on”Manufacturing Partners” and was hosted by the Orange County Choppers (OCC) and sponsored by AUCTO, Abba Freight Systems, LLC, and Direct Capital, A Division of CIT Bank, N.A. See more photos from this event here […]
The More You Know, Recap on WWTP November 3, 2017 - A letter from our President Dear MDNA Members, Hope you were not one of our members who woke up Monday asking yourself if you missed anything good at the MDNA’s Weekend With The Pros. Because everyone that I spoke to had a fantastic time in Detroit. Everything was well organized, educational and inspiring. Thank you […]
The More You Know, Did you know we have a machinery Library? October 19, 2017 - A letter from our President Did you know that the MDNA Library has more than 35,000 (and growing), operating manuals, parts books, specification sheets, sales catalogs and other publications dealing with the metalworking and capital equipment industry? In many cases, the MDNA library is the only place where copies of catalogs and manuals on unusual […]
The More You Know, Letter from our President on Harvey September 7, 2017 - Dear MDNA Members, We are Family! Yes, we do business together on one deal, compete on the next and yes, some members conduct auctions while others buy and sell from their inventory, but the greatest attribute of this Association is the undeniable fact that we are one family. During last week’s hurricane, our members in Harvey’s path experienced […]
What you need to know before purchasing a shear for metalworking June 19, 2017 - Written by, Andy Kamashian, AEA Southern Fabricating Machinery Sales, Inc. (MDNA Member Firm) Shearing is one of the oldest metal working process available and is usually the first process, and machine that is used when manufacturing fabricated parts. All shears are rated on their capability to cut steel and should be selected according to the capacity required as related […]
MDNA 76th Annual Convention Re-Cap on what you missed… June 5, 2017 - MDNA’s 76th Annual Convention & Business Meetings were held on May 4-7, 2017 at Disney World’s BoardWalk Inn in Orlando, FL. No matter how old or young, attendees of this year’s convention felt the magic in the air around them. The attendees were treated to educational seminars, exciting activities and popular social and networking events. […]
Why should I purchase a USED Wire EDM for my Manufacturing Plant? May 10, 2017 - Written By: Scott Buth, CEA, Alternative Machine Tool, LLC (MDNA Member Firm) The answer is simple. . .because it’s easy. You may have been approached by a customer to add Wire EDM capabilities or you are currently sending out your Wire EDM work, but you no longer need to do so. You don’t know where […]
New England Chapter Meeting – Testimonials/ Recap February 24, 2017 - On February 16th MDNA’s New England Chapter met in Putnam, CT for a manufacturing tour of Phillips-Moldex Company followed by a chapter dinner meeting with special guests from The Smaller Manufacturers Association of CT: Doug Johnson, President of Marion Manufacturing, Board Member of the SMA, Chairs the SMA Education Committee, Ronald Turmel, Vice President and General Manager, H&T Waterbury, Inc., Board Member of the […]
Truckers & Riggers and Technical Services Online Directory – Updates now being accepted November 8, 2016 - The MDNA Truckers & Riggers Directory and Technical Services Directory lists companies recommended by MDNA member firms. This directory is an invaluable resource for member-recommended trucking, rigging, storage, and brokering services and is available on the “Members Only” page of the MDNA website. Click here to download the Truckers & Riggers Directory Recommendation Form. Please […]
Young Guns of MDNA, Meet John Butz November 2, 2016 - Meet Resell CNC’s CEO and Chairman of the MDNA Southern Regional Chapter, John Butz. John’s hardworking, dedicated work ethic allows him to not only run day-to-day operations of his own business, but also sit on two MDNA committees and the Board of Directors. While being heavily involved in the MDNA and his own business, he […]
Mechanical, Hydraulic, and now Electric Press Brakes. Which is best for me? October 31, 2016 - Written By: Adam Mattes, V.P. Sterling Machinery Exchange (MDNA Member Firm) One of the most popular questions we hear at Sterling Machinery Exchange is… What type of press brake do I need? Most people are price conscious but want to make sure that they have enough capacity, proper controls and the correct safety gear to do […]
Here’s what you missed at MDNA’s Chicago Chapter Dinner in Chicago this year… September 26, 2016 - The MDNA Chicago Chapter/IMTS event was a huge success. With over 220 attendees it was one of the largest chapter events to date. Many thanks to all of the sponsors who helped make this event possible. Please take some time and review this very powerful list of companies who contributed to making this evening one […]
MDNA Member Firm, Makes Inc. 5000 List of America’s Fastest Growing Companies August 31, 2016 - FOR IMMEDIATE RELEASE, August 31st 2016 Resell CNC Auctions for the third year straight has been on Inc. 5000 List of America’s Fastest-Growing Companies Orlando, FL – Resell CNC Auctions (Machinery Dealers National Association Member Firm) for the 3rd year in a row has been named by Inc. 5000. At #3,871, Resell CNC Auctions has […]
Plastics manufacturing automation trends rapidly expanding July 7, 2016 - By Don Rosato via MultiBrief Note: This is the first of a three-part series covering plastics manufacturing automation (1)trends, (2) material/process advances and (3) applications. The business dynamics of plastics manufacturing automation technologies are rapidly advancing. Trends in labor and energy are having a fundamental impact on plastics processors businesses. To effectively compete internationally and defend/expand established […]
Britain Votes to Leave the EU, Review by: European MDNA Member Firm June 27, 2016 - Review By: John Marshall of MDNA Member Marshall Machinery Ltd. The Results are in: We are OUT :: Cameron to Stand down in three months. £ has dropped to lowest level: : House Builders share have a dramatic fall. Having sat up through the night to watch the counts come in, it is clear that […]
New England Chapter Tours the Famous Fenway Park June 22, 2016 - MDNA’s New England Chapter met on June 9th 2016 for a very unique and special experience touring the famous Fenway Park in Boston, MA. The chapter dinner meeting followed the tour at the local Tony C’s Sports Bar & Grill. A special thank you to Paul Gedenberg with BayState Riggers & Millwrights (Machinery Movers + Auction […]
Meet MDNA’s newest Young Gun, Adam Herman June 6, 2016 - Get to know MDNA’S newest Young Gun, Adam Herman of MDNA Member Firm, Prestige Equipment Corp. Read his own words as he talks about how he got into the industry, hobbies, family, and the machinery business itself. When I met my wife Arielle, I had no idea that I would eventually work with her father, Terry Lashin, […]
75th Annual Convention & Business Meetings Re-Cap May 25, 2016 - A Huge Thank You to our Sponsors for helping to make this year’s 2016 Annual Convention celebrating our 75th Anniversary special! See all sponsors displayed below MDNA’s 75th Anniversary Convention & Business Meeting was held at The Broadmoor in the Pikes Peak region of Colorado Springs, Colorado on May 5th-8th, 2016. There were over 175 attendees who participated in […]
Liquidity Services – MDNA Online Auction Partner – 2016 2nd sale Announcement May 10, 2016 - MDNA/Industrial Manufacturing Equipment Market Sale 2 for 2016 is coming soon. As previously communicated, the MDNA has partnered with Liquidity Services to provide a free online auction program exclusively for MDNA members. List your own assets, set reserves if necessary; Liquidity Services will market the sale, invoice and collect the proceeds and send you a […]
Mark Robinson recaps highlights from the Philly Chapter Meeting April 8, 2016 - From Philadelphia Chapter Meeting, Thursday March 31st I had a fantastic time attending the Philadelphia Chapter meeting in Baltimore, MD at MDNA Premier Vendor North American Millwright’s facility. Once again the value that our Premier Vendors bring to the MDNA was on full display. Chief Executive Officer and Founder Bruce Baggan and his team hosted […]
Why you should be using a Shredder/Granulator System to recycle your Plastics April 5, 2016 - By David Pietig, General Manager/Certified Equipment Appraiser, Arlington Plastics Machinery, Inc. (MDNA Member Firm) The normal practice used to be to recycle your plastic products in a shredder only if the size, density or type of product required it. Now more and more processors are using a shredder before the granulator if there is any risk […]
Which Cincinnati Press Brake Model Is Best for You? March 8, 2016 - Written By: Adam Mattes, V.P. Sterling Machinery Exchange Goform- NEW Electric Press Brake This new technology uses servos to power the ram. This allows for a super high repeat-ability of±0.0002” with repeat-ability day in and day out. It is completely electric and when it is between moves it is silent. The Goform is the perfect solution for small parts […]
Liquidity Services – MDNA Online Auction Partner – 2016 1st sale Announcement February 11, 2016 - MDNA/Industrial Manufacturing Equipment Market Sale 1 for 2016 is coming soon. As previously communicated, the MDNA has partnered with Liquidity Services to provide a free online auction program exclusively for MDNA members. List your own assets, set reserves; Liquidity Services will market the sale, invoice and collect the proceeds and send you a check/wire. Best […] Liquidity Services – MDNA Online Auction Partner – 2016 1st sale Announcement February 1, 2016 - MDNA/Industrial Manufacturing Equipment Market Sale 1 for 2016 is coming soon. As previously communicated, the MDNA has partnered with Liquidity Services to provide a free online auction program exclusively for MDNA members. List your own assets, set reserves; Liquidity Services will market the sale, invoice and collect the proceeds and send you a check/wire. Best […]
Former Longtime MDNA Member Publishes Novel, 23 HOURS January 21, 2016 - Mark Rogo, a former used machinery dealer and longtime member of the MDNA has just published his first novel, titled 23 Hours. Mark, who once owned Morton Machinery Company transformed it from a stocking dealer to a multifaceted company with divisions in leasing, new machinery sales, asset-based lending, and controlled liquidations. You can check out Mark’s […]
Report: US will surpass China as top manufacturing country by 2020 January 19, 2016 - By Alan Kelsky via Multiview Posted, January 19, 2016 On Jan. 4, Reuters rang in the new year with a report stating the United States manufacturing and construction sectors can both look forward to “tepid growth.” However, a report issued by Deloitte Touche Tohmatsu and the U.S. Council on Competitiveness — “2016 Global Manufacturing Competitiveness Index” — […]
MDNA Member Firm’s surplus used on multiple film sets January 14, 2016 - Through the years, a number of film set decorators have purchased items from (MDNA Member Firm) HGR’s showroom for use on the sets of films being shot in Cleveland, including Captain America and The Avengers. One designer stumbled across HGR about four years ago while trying to track down electrical waste (aka computers) for use […]
Oprah Winfrey’s Studio gets Auctioned off by MDNA Member Firm January 5, 2016 - By Paul Finn, Joseph Finn Co. Inc. Oprah Winfrey. Not a name you usually associate with auctions. Definitely not a name you associate with industrial auctions. But this year Oprah’s Harpo Studio sold off millions of dollars of state-of-the-art equipment in a two day auction conducted by (MDNA Member Firm) Joseph Finn Co. Auctioneers. As with […]
Members Share Valuable Lessons Learned for 2016 January 4, 2016 - As we make our way into the NEW YEAR of 2016, it’s important to look to the past to see what lessons can be gleaned. We asked a few MDNA members to tell us something important they’ve learned. Here’s what they had to say… Over the years in this industry I have learned that you […]
New Director of Sales for Wire and Plastic Machinery Corp. December 21, 2015 - MDNA Member Firm, Wire and Plastic Machinery Corp. hires Erik A. Macs as the new Director of Sales of Bristol, CT. Mr. Macs has over 25 years of experience in wire and cable machinery sales. Previously, he had been involved with ebeam crosslinked wire materials research at Judd Wire, blown film packaging manufacturing at Union Camp, extrusion and […] Section 179- President Signs Tax Extenders Bill December 18, 2015 - Posted: 12/21/15 On Friday December 18, President Obama Signed the $1.8 Spending and Tax Bill Into Law. Earlier on Friday, the Senate gave final congressional approval to the bill, which includes nearly $700 billion in tax breaks. The legislation extends more than 50 expiring tax cuts, with more than 20 becoming permanent, including increasing the maximum amount […] The Section 179 Roller Coaster May Be Coming to an End December 17, 2015 - “The House is set to vote this week on Speaker of the House, Paul Ryan’s sweeping $1.6 Trillion dollar budget deal. If the current bill (H.R. 2029 Protecting America from Tax Hikes Act of 2015) passes, the yearly battle to get increased expensing limits under the IRS section 179 will finally be over. The bill […]
MDNA Tri-Chapter Meets in Atlantic City—Meeting Re-CAP December 16, 2015 - On December 3rd MDNA’s Philadelphia, New York/New Jersey and New England Chapters hosted their annual Tri-Chapter meeting. This year’s meeting took place at the Borgata in Atlantic City, New Jersey. Here’s what some of the MDNA members who attended had to say about this […]
Recap: Fall Southern Regional Chapter Tour December 8, 2015 - On November 12th, 2015 MDNA’s Southern Regional Chapter met for an action packed three day outing spanning parts of North & South Carolina featuring a golf outing, multiple machinery warehouse tours and even a football game and tailgate! On day one the group kicked the event off with a fun golf outing courtesy of MDNA Member Firm, Asset […]NAM Urges Congress To Make Small-Business Tax Breaks Permanent December 7, 2015 - NAM Urges Congress To Make Small-Business Tax Breaks Permanent The Business Journals’ (12/1, Hoover) Washington bureau predicts lawmakers this month will raise, as they did in December 2014, the limit under current law for small businesses to take advantage of a tax break known as Section 179 expensing. However, “business groups want Congress to end […]
T. J. SNOW Donates 2-Axis CNC Retrofit Bridgeport Mill to Benefit Austin D. Lucas Scholarship Fund December 4, 2015 - MDNA Member Firm, T. J. SNOW will donate 100% of the proceeds generated from the auction of a 2 – Axis CNC Retrofit Bridgeport Mill (this is a surplus mill from their own machine shop) to the Austin D. Lucas Scholarship Fund. Tom Snow understands the benefits of giving back through the ADLSF and challenges all […]
Rising salaries prompt China to send factory jobs to Mexico November 24, 2015 - By Chelsea Adams via MultiBrief Mexico is accustomed to foreign direct investment. In 2014, Mexico received $22.6 billion in foreign direct investment, with the U.S. being the single biggest contributor. The trend for Mexico is continuing as companies from around the globe look to the country for cheap labor and low production costs. In recent months, several […]
What is the best Vertical Milling Machine I can buy Today? Is a Bridgeport Milling Machine still the best? November 16, 2015 - What is the best Vertical Milling Machine I can Buy Today? Is a Bridgeport Milling Machine still the best? That is a very difficult question to answer. With thousands of manufacturers building Vertical and Horizontal milling machines today it is tough to find a good one. Many are from China, Taiwan or both. The originator of […]
MDNA launches new webinar series -“Lunch & Learn” November 6, 2015 - MDNA is excited to introduce a new webinar series called “Lunch & Learn!” MDNA is very proud of the educational opportunities that we have made available through: Convention programming, WWTP, B.O.S.S. and articles within our news publications. With this new member benefit, you can take advantage of the expanded educational offerings in both industry relevant and general business […]
Weekend With The Pros 2015 Leaves a Lasting Impression October 26, 2015 - MDNA’s popular Weekend With The Pros was held October 15th -18th 2015, in Milwaukee, Wisconsin. The event kicked off on Thursday with a B.O.S.S. seminar. Participants reported leaving with many good implementable takeaways. The B.O.S.S. was moderated by Joe Lundvick, MDNA First Vice President, of Perfection Machinery Sales Inc. Attendee Steve Beck of Automatics & […]
What is the true state of manufacturing in the United States? September 29, 2015 - By Alan Kelsky Monday, September 28, 2015 via MultiBriefs Experts in manufacturing hold differing opinions about how well the sector is doing since the Great Recession. In fact, the same sources tend to be schizophrenic about the manufacturing sector’s progress. For example, CNBC ran a story on June 10 entitled, “Is there a renaissance in US manufacturing? […]
HGR Industrial Surplus to Dedicate Nickel Plate Station in Euclid on October 1: Renovated Former Site of GM Fisher Body Plant in Euclid Gets a $10 million Face Lift September 21, 2015 - HGR Industrial Surplus (MDNA member firm) will celebrate the dedication of Nickel Plate Station, the former site of the GM Fisher Body Plant (Source: November 14, 2015 – Crain’s Cleveland Business) and longtime home of HGR Industrial Surplus, Inc. HGR’s ownership group expects to spend $10-12 million on structural renovations and updates during the coming year. To […]
Arkansas shows how regulations can stymie manufacturing growth September 15, 2015 - By Alan Kelsky via MultiBriefs In 2004, Arkansas’ manufacturing industry was ranked 34th in the United States. A decade later, it was still stuck at 34th. As the state’s Economic Development Commission tries to woo new business with promises of a skilled workforce and business-friendly environment, folks who have studied manufacturing in Arkansas disagree. When the United […]
MDNA Member Firm featured in AWS Interview September 1, 2015 - American Welding Society(AWS) recently visited MDNA Member Firm, T. J. Snow Company to record #resistance #welders in action! Shared by Machinery Dealers National Association on Tuesday, August 25, 2015 What is the Resistance Welding School? Originally Posted by American Welding Society on Wednesday, August 19, 2015 bandovetinh
Email Spoofing Alert, Best Practices and Security September 1, 2015 - E-mail spoofing is the forgery of an e-mail header so that the message appears to have originated from someone or somewhere other than the actual source. Security recommendations include: If you have an IT Department: There is an “SPF” or Sender Policy Framework record in place for the MDNA.ORG domain. An SPF record isa DNS […]
FORECAST FOR CLEAR SKIES August 28, 2015 - LEI STILL SHOWS LOW ODDS OF RECESSION Weekly Economic Commentary By John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial Last week, global equity markets, including in the U.S., were driven lower by a variety of fears, most notably the weakness in China’s economy and financial markets, as well as the Chinese government’s response (or lack thereof). As […]
GLOBAL GDP TRACKER: SUMMER 2015 EDITION August 18, 2015 - Market participants and the financial media have recently been hyper focused on the sell-off in Chinese equity prices, the sluggish pace of the Chinese economy, and the implications of both for global growth. The results thus far suggest that global growth in 2015 is indeed accelerating versus 2014. We last wrote about global growth in mid-July 2015 (“Gauging Global Growth: […]
MDNA Member Firm, RESELL CNC Recognized as the 108th Fastest Growing Company August 14, 2015 - FOR IMMEDIATE RELEASE, August 14, 2015 Washington, D.C.- MDNA Member Firm, RESELL CNC was recognized by Inc. Magazine as the #108th Fastest Growing Company in the US for the second year in a row. As a second time honoree they’ve joined an exclusive group of companies such as Microsoft, Zappos, Under Armor, Intuit, and GoPro. […]
Export-Import Bank, The Debate Rages On August 3, 2015 - Washington, D.C., Government Affairs Update- August 3, 2015 Fan or not of the Export-Import Bank, the debate rages on. The Charter for the Export-Import Bank expired in June. NAM and other business groups are pushing for the reinstatement of Ex-Im sighting American business’s disadvantage in the global market place without this tool. Opponents of the Ex-Im […]
Joint Ventures with MDNA July 16, 2015 - A story of how Members work together in ways you would not think By Mark Robinson, Executive Vice President, MDNA This mantra proves itself to be true time and time again and sometimes in ways that surprise us. On a recent trip to Columbus Ohio to follow one of my passions, I attended a large […]
Flash Goes BYE BYE July 16, 2015 - What You Need to Know: How this could affect your Machinery Sales and your everyday online surfing On July 13th Mark Schmidt, Head of Firefox Support, took to Twitter to announce the news… Mozilla has announced that all versions of Flash are temporarily blocked “by default” in Firefox until Adobe releases a more stable version. Users […]
GAUGING GLOBAL GROWTH July 15, 2015 - AN UPDATE FOR 2015 & 2016 Weekly Economic Commentary by John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial The market continues to expect that global gross domestic product (GDP) growth will accelerate in 2015, 2016, and 2017, aided by lower oil prices and stimulus from two of the three leading central banks in the world. The prospect […]
Young Guns: Meet Mauro Damino July 14, 2015 - MDNA’s next featured Young Gun is a travel-thirsty, Spanish-speaking machinery dealer who believes his family’s business, MDNA member firm, Tramar Industries, Inc. (based in Novi, MI) has a competitive advantage in the industry due to their Argentine beginnings. Mauro says “Our family moved from Argentina to Michigan in 1990, and my father had always worked […]
GREECE PLAYBOOK July 10, 2015 - By Burt White Chief Investment Officer, LPL Financial Jeffrey Buchbinder Market Strategist, LPL Financial Weekly Market Commentary, July 10, 2015 Greece’s critical referendum took place this weekend and the Greek people resoundingly voted “no” — rejecting the latest bailout deal from creditors. The referendum result, which some interpreted as a vote to exit the Eurozone, throws Greece’s future […] THE FED AFTER THE “NO” July 9, 2015 - By John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial Weekly Economic Commentary, 7/9/2015 The “no” vote in the Greek referendum on July 5, 2015, will potentially raise the level of economic and financial market volatility in the coming weeks as global investors assess the market and economic risks associated with an increasingly likely Greek exit (Grexit) […]
What Makes You Proud to be American? July 2, 2015 - On this Independence Day, commonly known as the Fourth of July where the United States commemorates the adoption of the Declaration of Independence, declaring our independence we are PROUD to be Americans. We are Proud for the rights we have and everything that we have worked so hard for as a nation. Here are just a few things that […]
New England Chapter Rallies Excitement In Members July 1, 2015 - MDNA’s New England Chapter has been targeting members of other chapters to attend their meetings with the objective to make more “deals” together. On June 18th they met with MDNA members from across the USA to kick things off with a tour of member firm Gold Machinery Group followed by dinner at Via Roma Italian Restaurant, where the meeting […]
Young Guns: From Hollywood to Machinery- Chuck Radtke June 30, 2015 - MDNA’s next Young Gun first came onto the machinery scene 5 years ago after leaving Hollywood and the movie production industry behind to start a family. Chuck Radtke, now with Wisconsin Metalworking Machinery, Inc., reminiscences on his former life… “I worked in Hollywood on several live action feature films on the production side. My first […]
MDNA NEWS 2015 SUMMER EDITION June 22, 2015 - The 2015 SUMMER edition of the MDNA News has been published! IN THIS ISSUE: THE NEW BOARD, COVER STORY- THE YEAR OF WOMEN IN MACHINERY, SPONSORS, NEW MEMBERS AND MORE….
Trade Promotion Authority, Government Update June 12, 2015 - Washington, D.C. – Government Update –Friday, June 12, 2015, our elected officials are preparing to vote on the Trade Promotion Authority Act of 2015 (TPA) and the Trade Adjustment Assistance Act (TAA) of 2015. Machinery Dealers National Association (MDNA) association partner and voice in Washington, NAM (National Association of Manufacturing) is calling for passage of […]
ACA RULING COULD MAKE HEALTHCARE SECTOR MORE AFFORDABLE June 12, 2015 - By Burt White Chief Investment Officer, LPL Financial Jeffrey Buchbinder Market Strategist, LPL Financial Weekly Market Commentary, Posted June 12, 2015 The upcoming Supreme Court decision regarding premium subsidies for the Affordable Care Act (ACA, aka Obamacare) may create a buying opportunity for the healthcare sector. We believe the odds favor the status quo (all subsidies legal regardless […]
BEIGE BOOK: WINDOW ON MAIN STREET June 9, 2015 - By John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial Weekly Economic Commentary, May 9, 2015 BEIGE BOOK SUGGESTS CONTINUED MODEST ECONOMIC GROWTH The latest Beige Book suggests that the U.S. economy is still growing at a pace that is at or above its long-term trend, indicating that some of the “transitory factors” that held the U.S. […]
Marketing How-To’s for Equipment Dealers June 2, 2015 - Dealers how frustrated do you get trying to keep up with the ever-changing marketing trends in order to compete? We found these excellent whitepapers (specifically designed for equipment dealers) provided by EDA (Randall-Reilly) and we recommend you take a look! The first is titled, Marketing 101: An Overview Dealer Marketing 360 Series | 1 of 6: via EDA […]
Young Guns of MDNA, Introducing Bill Melvin Jr. May 27, 2015 - Bill Melvin Jr. owner of MDNA member firm, Liquid Asset Partners, LLC is a family man with three young children and baby number four due this coming September. When asked if this was a family business Bill replies “Yes, I have grown up in the business helping move around equipment and stirring the pot since […]
U.S. Secretary of Labor Tom Perez visits MDNA Member Firm May 21, 2015 - David Gold from MDNA member firm Gold Machinery Group gave a tour of his facilities to U.S. Labor Secretary Thomas Perez, U.S. Rep David Cicilline, Senator Jack Reed, Congressman Jim Langevin, State Senator Gayle Goldin, RI Department of Labor and Training Director Scott Jensen, Rhode Island AFL-CIO President George Nee and District 1199 SEIU Executive Vice President Patrick Quinn on Friday, April 24, 2014. These representatives visited both of Gold’s facilities, […] Liquidity Services MDNA Online Auction Partner May 21, 2015 - MDNA has partnered with Liquidity Services to provide a free online auction program exclusively for MDNA members. You list your own assets, set reserves; we market the sale, invoice and collect the proceeds and send you a check/wire. Best of all, there is no charge to members who choose to participate! There will be (3) […]
WATCHING WAGES May 13, 2015 - By John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial Weekly Economic Commentary, May 13, 2015 The April 2015 Employment Situation report (released on Friday, May 8, 2015) indicated that the labor market bounced back in April 2015 after a difficult March, but that wages — as measured by average hourly earnings — remained tepid, up just […]
Re-Cap on MDNA’s 74th Annual Convention- Washington, D.C. May 11, 2015 - Looking to see what you missed at this year’s convention? Get the presentation slides, video clips and photos in this Re-Cap of MDNA’s 74th Annual Convention (April 23rd-26th 2015) in Washington, D.C. READ THE CONVENTION PRESS RELEASE HERE Programming at Convention: If you missed the Programming during convention and you are a member of MDNA […]
MDNA WELCOMES NEW PRESIDENT May 11, 2015 - FOR IMMEDIATE RELEASE , MAY 11, 2015 MACHINERY DEALERS NATIONAL ASSOCIATION WELCOMES NEW PRESIDENT at 74TH ANNUAL CONVENTION & BUSINESS MEETING WASHINGTON, D.C. —– Kim Khoury of member firm Action Machinery, Inc. was elected as the Association’s second female president during MDNA’s 74th Annual Business Meeting & Convention held in Washington, D.C.’s Historic Renaissance Mayflower Hotel April […]
YOUNG GUNS OF MDNA, MEET WILLIAM May 4, 2015 - William Culp, CFO, Pearl Equipment Company, AEA, MDNA Southern Regional Chapter Vice Chairman He’s a good ole southern boy from Tennessee with a finance background and a love for his cattle and the countryside. He’s been working with the family machinery business, Pearl Equipment Company, for the last eight years in strategic planning roles or on the […]Do forecasts really matter in the manufacturing sector? May 4, 2015 - By Alan Kelsky via Multibriefs, Monday May 4, 2015 With so many factors in play, forecasting for a wide-ranging field like manufacturing is never easy. Yet many organizations from the government to the private sector make predictions almost every day. What we see in the results are a variety of expectations — and revisions — for how manufacturing […]
In honor of the 40th Anniversary marking the fall of Saigon- An MDNA member and Veteran reflects April 30, 2015 - Posted: April 30, 2015 I was reminded of something driving to work today. Forty years ago today, Lt.(jg) Conroy was Officer of the Deck on the 550 Foot long USS Vancouver (LPD 2) steaming in slow circles in a 2 mile x 2 mile quadrant off the coast of South Vietnam. My main job was […]
22 Fun Things to do in D.C. during MDNA Convention! April 21, 2015 - 22 Fun Things to do in D.C. when your not busy during the #MDNAConvention this week! Visit places like the Lincoln Memorial, Library of Congress, Arlington National Cemetery, National Archives, Supreme Court, Vietnam Veterans Memorial Wall, National Portrait Gallery, and walk the National Mall. Check out performances at the famous Kennedy Center, Arena Stage, Shakespeare […]
MDNA RECEIVES GENEROUS CONVENTION SPONSORSHIP April 13, 2015 - FOR IMMEDIATE RELEASE, APRIL 13, 2015 WASHINGTON, D.C.- Machinery Dealers National Association recognizes the MDNA Philadelphia Chapter for their generous contribution for this year’s upcoming 74th Annual Convention & Business Meeting in Washington, D.C. The Philadelphia Chapter has made this contribution in honor of and in anticipation for the incoming MDNA President (one of their own Philadelphia Chapter […]
MDNA and Direct Capital: A Well-Tooled Relationship April 13, 2015 - A special message from Direct Capital (MDNA Premier Vendor) to MDNA members… Direct Capital’s relationship with the MDNA goes way back. Since 2005, Direct Capital has been the company most MDNA dealers have turned to when their customers have needed financing. A decade later, our relationship is still going strong. We are proud to have […]5 ways to improve employee engagement April 8, 2015 - Written By Michael J. Berens via Multibriefs Companies worldwide are grappling with how to increase employee engagement. It is estimated that in the U.S. alone, employee disengagement costs the economy as much as $500 billion per year. A 2013 Gallup study of the global workplace involving 25 million employees in 142 countries found only 13 percent of workers […]
Young Guns of MDNA, Meet Carl Davis April 2, 2015 - He is one of the MDNA’s newest members—just joining in January of 2015. An ambitious, young, marketing, tech-savvy, machinery dealing entrepreneur, Carl Davis, is the founder of the new Georgia base industrial equipment company, The Equipment Hub and we know he’ll be bringing some fresh energy into this Association with his background. Carl says “I started […]
C.W. Wood Machinery, Inc. hires new Director of Outside Sales and Marketing March 26, 2015 - (March 18, 2015) —- C.W. Wood Machinery, Inc. (an MDNA member firm) is pleased to announce that Dave Edwards has recently joined their company as Director of Outside Sales and Marketing. Dave comes to C.W. Wood with over 40 years of professional experience in the metalworking industry including 30 of those years in various leadership […] FORECAST FOR CLEAR SKIES: LEI SHOWS LOW ODDS OF RECESSION March 25, 2015 - By John Canally, CFA Chief Economic Strategist, LPL Financial Weekly Economic Commentary, March 23, 2015 Without question, the key event for financial markets last week (March 16 – 20, 2015) was the Federal Reserve’s (Fed) decision to remove the word “patient” from its policy statement, putting market participants on watch for a rate hike later this year. But, as […]
THE DOLLAR’S RIPPLE EFFECT March 25, 2015 - By Burt White Chief Investment Officer, LPL Financial David Tonaszuck, CMT Technical Strategist, LPL Financial Weekly Market Commentary In technical analysis, “intermarket analysis” looks at the way in which various markets interact. Intermarket analysis primarily looks at four market sectors: currencies, commodities, bonds, and stocks. From a technical analyst’s perspective, focusing our attention on only one market without considering […]
February shows slowing growth in US manufacturing — Will it continue? March 18, 2015 - By Alan Kelsky via Multibriefs Economic headlines this month announced that the rejuvenation of the United States manufacturing sector is on the skids. But is manufacturing declining, or is this merely a blip on the radar? According to the latest research by the Institute for Supply Management, factory activity in February fell from 53.5 in January to 52.9 […]
Young Guns of MDNA, Brewster March 18, 2015 - In high school and adolescent years in his small hometown of Sandusky Michigan he was better known as “Brew Ha,” “Bangin Bear” and “Kiss of Death.” If you dare to be so bold, you’d challenge him for his title of “fastest pin in wrestling” which was a record 5 seconds time. Kevin Brewster, President and […]
Young Guns of MDNA, Clark March 10, 2015 - Introducing Troy Clark of Clark Machinery Sales, LLC. Troy’s business, Clark Machinery Sales, LLC, is located in a town called Hunt Valley, Maryland, which is approximately three hours south of New York and just over an hour north of Washington, D.C. He’s known to be an early bird, often on the green squeezing in the […]
Who are MDNA’s Young Guns? March 9, 2015 - There are many new and younger faces throughout our MDNA membership. This new marketing program aims to introduce the new faces of these companies as well as introduce key people at new MDNA member firms. If you are interested in this incredible “Young Guns” marketing opportunity please reach out to the MDNA office. Stay tuned […]
A VERY DIFFERENT NASDAQ March 4, 2015 - By Burt White Chief Investment Officer, LPL Financial Jeff Buchbinder, CFA Market Strategist, LPL Financial Weekly Market Commentary The Nasdaq Composite just hit 5000 today as this report was going to press and is nearing its all-time record closing high of 5048 set during the peak of the internet bubble in March 2000. The 15-year journey back to […]
THE MISERY INDEX March 4, 2015 - Weekly Market Commentary By John Canally Chief Economic Strategist, LPL Financial THE MISERY INDEX: JUNE 1980 In June 1980, the U.S. economy was just exiting the first of two back-to-back recessions. The June 2, 1980, cover of TIME magazine was “The Big Blowup,” referring not to the awful state of the U.S. economy, but to the recent eruption […]
MDNA RECEIVES GENEROUS DONATION February 20, 2015 - FOR IMMEDIATE RELEASE, FEBRUARY 20, 2015 WASHINGTON, D.C.- Machinery Dealers National Association recognizes the MDNA Chicago Chapter for their generous contribution of $5,000 to this year’s upcoming 74th Annual Convention & Business Meeting in Washington, D.C. John Conroy, Chairman – MDNA Convention Committee says, “I cannot tell you how much my entire Convention Committee and I […]
Young Guns of MDNA, Wheeler February 20, 2015 - Meet the first of our featured Young Guns, Dan Wheeler of Wheeler Machinery Sales, Inc. A west coast family man, President of Wheeler Machinery Sales, and walker to a furry dog named Elvis, Dan is a car loving, motorcycle riding, boar & bird hunting, football & little league coaching, father of 3 ranging in age from 3 […]
GLOBAL GDP TRACKER February 19, 2015 - By John Canally Chief Economic Strategist, LPL Financial The top 25 global economies make up 90% of global gross domestic product (GDP). Through Friday, February 13, 2015, 13 of these economies (including countries and political unions) have already reported Q4 2014 GDP results, including the four largest economies (U.S., Eurozone, China, and India). As this commentary was being prepared […]
ENERGY SECTOR OUTLOOK: WHAT WE ARE WATCHING February 19, 2015 - Weekly Market Commentary By Burt White Chief Investment Officer, LPL Financial Jeff Buchbinder, CFA Market Strategist, LPL Financial No sector is getting more attention right now than energy. Market participants are attracted to the potential upside after both oil and the energy sector suffered substantial declines in recent months. Many see the sector as cheap, something that is […]
EARNINGS SEASON HIGHLIGHTS AND LOWLIGHTS February 11, 2015 - Weekly Market Commentary By Burt White Chief Investment Officer, LPL Financial Jeff Buchbinder, CFA Market Strategist, LPL Financial Despite the massive drag from the energy sector and the negative impact of a strong U.S. dollar, fourth quarter 2014 earnings are on track to exceed the prior Thomson-tracked consensus estimate of 4.2% (as of quarter end on December 31, […]
EUROPE: THE ROAD TO RECOVERY? February 10, 2015 - Weekly Economic Commentary By John Canally Chief Economic Strategist, LPL Financial In the wake of the European Central Bank’s (ECB) decision to embark on a bond buying program (quantitative easing or QE), policymakers and investors alike are looking for signs that the program is working. Although it is still too soon to tell — QE in Europe was […]
Has the oil price hit its floor? February 9, 2015 - By Stefanie Heerwig via Multibriefs Video credit: Center for Strategic & International Studies Abdulla Al-Badri, secretary general of OPEC, announced this week that oil prices might have reached their floor and could even rise to up to $200 per barrel in the near future. This is a surprising comment, given OPEC’s resistance to decrease its oil production and complaints […]
The relationship curve: A different approach to marketing and sales February 2, 2015 - By Randall Craig via Multibriefs Have you ever felt that you were being “sold” to? Perhaps an over-the-top marketing campaign, or perhaps a slightly-too-pushy salesperson? If so, then you’re not alone. The question, however, is why. And why do organizations so often encourage such off-putting activities? Some of the obvious reasons: The momentum of the past. (“We’ve always […]
3-D printing outpaces the FDA January 30, 2015 - By Alan Kelsky via Multibriefs The watchdog in the United States for medical devices is the esteemed government agency known as the Food and Drug Administration (FDA). The FDA, however, is flummoxed about how to handle 3-D printing of medical devices.It’s not that the FDA has lost its smarts, it’s just that the 3-D printing technology has spread […]
Hilco Industrial Hires New Senior VP January 29, 2015 - STEVEN FELDMAN JOINS HILCO INDUSTRIAL (MDNA member firm) AS SENIOR VICE PRESIDENT OF ASSET SALES (January 15, 2015) – Hilco Global announced today that Steve Feldman is returning to its Hilco Industrial operating unit as Senior Vice President of Asset Sales. Feldman, who has been running his own firm SJF Auctions LLC since 2013, returns to […]
NO DEFLATING THE U.S. DOLLAR January 28, 2015 - Weekly Market Commentary Burt White Chief Investment Officer, LPL Financial Jeff Buchbinder, CFA Market Strategist, LPL Financial Member FINRA/SIPC Unlike the footballs that the New England Patriots used in the AFC Championship game against the Indianapolis Colts, the U.S. dollar has remained well inflated. The dollar, which has been trending higher for nearly four years now, rose 13% in […]
GAUGING GLOBAL GROWTH January 28, 2015 - AN UPDATE FOR 2015 & 2016 Weekly Economic Commentary John Canally Chief Economic Strategist, LPL Financial 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. As investors digest the S&P 500 earnings reports for the fourth quarter of 2014, we provide an […]
Advancing Plastic Thermoforming Technologies January 21, 2015 - — Let’s shape up By Don Rosato, Aldo Crugnola and Nick Schott Wednesday, January 21, 2015 The thermoforming process typically consists of heating thermoplastic sheet, film or profile to its softening point and then forcing the hot, flexible material against the contours of a mold in three ways: pneumatic means — differentials in air pressure are […]
DRILLING INTO THE LABOR MARKET January 16, 2015 - Weekly Economic Commentary John Canally Chief Economic Strategist, LPL Financial Last Friday, January 9, 2015, the United States Bureau of Labor Statistics (BLS) released its monthly Employment Situation report, providing financial markets and the public at large with the state of the labor market as 2014 ended. The U.S. economy created another 252,000 net new jobs in December […]
THE BRIGHT SIDE OF CHEAP OIL January 16, 2015 - Weekly Market Commentary Burt White Chief Investment Officer, LPL Financial Jeff Buchbinder, CFA Market Strategist, LPL Financial Earnings season is here and, as we wrote in our earnings preview last week (“A Tale of Two Earnings Seasons”), low oil prices and the energy sector will be the market’s main focus. Energy companies begin to report earnings this week, […]
MDNA News Magazine January 5, 2015 - Read the 2018 Fall edition of the MDNA News Magazine online here! Highlights inside the latest issue include: Austin D. Lucas Scholarship Winners/ Recipients, Remembering John A. Josko, MDNA’s Lifetime Achievement Award…. Read the 2018 SPRING/SUMMER edition of the MDNA News Magazine online here! Published by the Machinery Dealers National Association . Highlights In […]
ReSell CNC Growing Fast December 23, 2014 - Machinery Dealers National Association (MDNA) Member Firm, ReSell CNC was recognized in The 2014 Inc. 5000 Magazine as the #155th fastest growing privately held company in the United States and the #8th fastest growing Business Services Company. ReSell CNC was established in 2008 and is headed by MDNA member, John Butz. ReSell started as a […]
Outlook for 2015, LPL Financial December 22, 2014 - Written by Douglas M. O’Rear, AIF® – Chandler, O’Rear & Associates Looking ahead to 2015, I see a year that will be marked by transitions. Likely changes in monetary policy around the world, the return of volatility, and the recent shift in the political balance of Congress could mean 2015 is a year that will […]
Radio DJ Turned Machinery Dealer December 16, 2014 - MDNA Member Jon Arnold celebrates his 20th Anniversary with Arnold Equipment Company, and shares his interesting beginning Written by Jon Arnold, President, Arnold Equipment Company […]
MDNA Convention 2015, Speakers December 12, 2014 - Machinery Dealers National Association Announces Powerful Leading Ladies To Speak For The 74th Annual Convention In April 2015, Washington, D.C. Carolyn Lee is Senior Director of Tax Policy at the National Association of Manufacturers (NAM), the nation’s largest industrial trade association. In this role Carolyn is responsible for portions of the NAM’s tax portfolio, including issues individual […] Government Affairs Update-Section 179 December 12, 2014 - Government Affairs Update: December 22, 2014, 10:00 am Via: Mark Robinson, Executive Vice President, MDNA RE: On Friday, December 19, 2014, the President signed into law H.R. 5771 Per the White House Press Secretary: “On Friday, December 19, 2014, the President signed into law: H.R. 5771, which temporarily extends several expired tax provisions related to individuals, business, and energy through […]
Weekly Market Commentary December 5, 2014 - Can Stocks Deliver the Goods in 2015? 12.5.2014 Powerful, Nearly Six-Year-Old Bull Market Should Continue We believe stocks will deliver mid- to high-single-digit returns in 2015, with a focus on earnings over valuations. We believe 3% economic growth, benign global monetary policy, and a more favorable policy climate from Washington indicate that the powerful, nearly six-year-old bull market […]
Weekly Economic Commentary December 3, 2014 - U.S. Economic Growth Picks Up Overseas, policies already in place — and those that we expect to be enacted over the course of 2015 — are likely to be big drivers of global growth. We expect the U.S. economy will expand at a rate of 3% or slightly higher in 2015, which matches the average growth rate over […]
Weekly Market Commentary November 19, 2014 - Emerging Markets Opportunity Still Emerging The S&P 500 Index hit another set of fresh record highs last week (November 10 – 14, 2014) and has achieved the midpoint of our total return forecast (10 –15%) for the year with a 12% return year to date. While we continue to recommend keeping the majority of equity allocations in the […]
Weekly Economic Commentary November 19, 2014 - Japan Check-In: Will the Weak Q3 GDP Reading Draw a Policy Response? Japan reported a 1.6% annualized decline in real gross domestic product (GDP) in the third quarter of 2014 over the weekend of November 14 – 16, 2014. Policymakers in Japanese Prime Minister Shinzo Abe’s government and at the Bank of Japan (BOJ), as well as most […]
BRUCE REDENZ RECEIVES HABITAT FOR HUMANITY AWARD November 17, 2014 - FOR IMMEDIATE RELEASE NOV 17, 2014 WASHINGTON, D.C. – Bruce Redenz of MDNA Member firm Madison Tool Inc. received the Habitat for Humanity of Dane County, Wisconsin ‘Volunteer of the Year’ 2014 Award. In October of 2014 Bruce and other award recipients were honored at a special banquet that featured keynote speaker Amy Matthews, Host, […]
Weekly Market Commentary 11/6/2014 November 6, 2014 - S&P Is Not GDP U.S. economic growth has been subpar — right around 2% — during much of the ongoing economic expansion. Yet, the S&P 500 has returned nearly 230% cumulatively since the bear market low on March 9, 2009. How did that happen and is it justified? Before trying to answer to those questions, it is worth […]
Weekly Economic Commentary 11/6/14 November 6, 2014 - QE Ended, Now What? The Federal Reserve’s (Fed) policymaking arm, the Federal Open Market Committee (FOMC) met last week (October 27 – 31, 2014) and decided, as was widely expected, to end its bond purchase program known as quantitative easing, or QE. While the FOMC retained its promise to keep rates low for a “considerable time” after QE ends, […]
Q&A With Jerry Blumberg November 5, 2014 - Member Spotlight Interview Get To Know Your Fellow Members Jerry Blumberg is the President of Blumberg Machinery Corporation, a family owned and operated stocking dealer located in the small town (est. population of 1,583, 2010 census) of Bannockburn, Illinois which is just under an hour’s drive from the city of Chicago. Some of you may […]
MDNA News Fall 2014 Edition November 4, 2014 - Read the latest copy of the MDNA News here! This new digital magazine allows you to click on elements within the magazine for more information online. Read the latest copy of the MDNA News here! This new digital magazine allows you to click on elements within the magazine for more information online.
Weekly Economic Commentary 10/24/14 October 24, 2014 - Beige Book: Window on Main Street No Signs of Global Growth Scare Impacting Main Street as 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 […]
Weekly Market Commentary 10/24/14 October 24, 2014 - Oil Hits the Skids The S&P 500 fell 1% last week (October 13 – 17, 2014) in volatile trading, leading market participants and media pundits to speculate on how far the stock market slide—now just over 6% from the September 18, 2014, closing high — might go. In last week’s Weekly Market Commentary, “Pullback Perspective,” we cited the economic […]
Q&A With Troy Clark October 24, 2014 - Member Spotlight Interview Interview Conducted by: Kim Khoury Person Interviewed: Troy Clark Title/Position: Owner/President Company: Clark Machinery Sales Company’s website: www.clarkmachinerysales.com What year did you join the MDNA: 2007 Q: What was your first Job with the company and how did you get it? A: I was living in Chicago looking for part time work and answered […] Weekly Economic Commentary 10/13/14 October 15, 2014 - Gauging Global Growth in 2014 & 2015 Update: Acceleration Expected 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. As investors begin to digest the S&P 500 earnings reports for the third quarter of 2014, we provide an update on how […] Weekly Market Commentary 10/13/14 October 15, 2014 - Pullback Perspective This latest stock market pullback has provided an unwelcome reminder that stocks do not always go up in a straight line. Even within powerful bull markets such as this one, pullbacks of 5 – 10% have been quite common and do not mean the bull market is nearing an end. In this week’s commentary, we […]
New Officers Elected for New England Chapter October 10, 2014 - Reported 10.10.2014 The New England Chapter met on October 9th, 2014 at the Harpoon Brewery in Boston, MA for a private plant tour, catered dinner and a significant meeting, where a new slate of officers was voted in to represent their chapter. Event Sponsor Ross Finn with brother Paul Finn (pictured left) of Joseph Finn Co., Inc. expressed how much […]
Weekly Market Commentary 9/29/14 October 1, 2014 - Grading on a Curve (the Yield Curve, That Is) Kids are back in school and have started taking tests. Some of those tests are graded on a curve, meaning that students are graded based on their score relative to the rest of the class. In terms of stock market indicators, one that gets an A+ […]
Weekly Economic Commentary 9/29/14 October 1, 2014 - Housing Hiatus? The most recent figures on gross domestic product (GDP) — the broadest measure of economic activity — revealed that residential investment (a.k.a. housing) grew at an 8.8% annualized pace between the first and second quarters of 2014. As a result, housing contributed 0.3 percentage points to the overall 4.6% gain in GDP in […]
Weekly Economic Commentary 9/24/14 September 24, 2014 - MIND THE GAP 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 […]
Weekly Market Commentary 9/24/14 September 24, 2014 - Don’t Fight the Fed ECB? (Part 2 of 2) 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 […]
Hotel Scam Alert September 19, 2014 - Traveling Somewhere? Read this Hotel Scam Alert 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 […]MEMORANDUM-Scam Alert September 19, 2014 - 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 […]
Absolute Machinery team to walk for cancer research September 17, 2014 - 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 […]
Weekly Market Commentary- 9/15/2014 September 16, 2014 - Don’t Fight the Fed ECB? (Part 1 of 2) 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 […]
Weekly Economic Commentary- 9/15/2014 September 16, 2014 - Fall FOMC Watch On Tuesday, September 16 and Wednesday, September 17, 2014, the Federal 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 […]
Chicago Chapter Reception/ IMTS 2014 September 15, 2014 - 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 […]
Exhibiting MDNA Member Companies August 4, 2014 - 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 […]
MDNA GOES TO GERMANY FOR USETEC 2014 August 1, 2014 - FOR 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 […]
James Bowman joins LOCATOR Services, Inc. as Sales & Account Manager July 30, 2014 - Employee 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 […]
Weekly Market Commentary – 07/21/2014 July 21, 2014 - Is 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 […]
Weekly Economic Commentary – 07/21/2014 July 16, 2014 - Beige 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 […]
Weekly Market Commentary – 07/14/2014 July 14, 2014 - Counting 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 […]
Weekly Economic Commentary – 7/14/2014 July 10, 2014 - Gauging 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 […]