eBulletin of the Rotary Club of Superstition Mountain (Jun 17, 2015)

Executives & Directors

President

Bryant Powell

President Elect

Matt Ruppert

Immediate Past President

Len LaFlesch

Secretary

Michael Cowan

Treasurer

Dan Govinsky

Director - Sergeant at Arms

Aaron McDermid

Director

Julian Easter

Director

Robert Homann

Director

Tracey K. Yamamoto

Chair - Club District Foundation Grants

Len LaFlesch

Chair - Club Membership

Len LaFlesch

Co-Chair - Club Rotary Foundation

Bob Crow

Co-Chair - Club Rotary Foundation

Dan Govinsky

Co-Chair - Interact Club of Apache Junction High School

Tracey K. Yamamoto

Co-Chair - Interact Club of Apache Junction High School

Heather Itz

Bulletin Editor

Robert Homann

Webmaster

Dan Govinsky

Club Information

Welcome to our Club!

Service Above Self

We meet Wednesdays at 12:10 PM

Gold Canyon Golf Resort

6100 S. Kings Ranch Road
Gold Canyon, AZ 85118
United States

District Site

Venue Map

Stories

GUESTS AND VISITORS

Posted by Robert Homann on Jun 17, 2015

Our guests today were our speaker Wayne Stutzer of RBC Investments and Michael McCord who is here for the third time as a guest of Jeff Cutler and who intends to apply for membership in the club.

ANNOUNCEMENTS AND CLUB BUSINESS

Posted by Robert Homann on Jun 17, 2015

President Bryant brought copies of a story about our Rotary club written by Roger Hacker and published in "Focal Point Enhancement", a newsletter that goes to Chamber members and lots of other people in Apache Junction. Jim Erickson suggested that it be forwarded to Bryon Harrington to put in the District 5510 newsletter.
Larry Johnson brought "Shop Local" discount cards which can be had free for signing your email address. Local businesses really need our support over the summer when the heat is up and the population is down.
Bill Burrows brought us the news. On this date in 1775, the Battle of Bunker Hill occurred outside Boston. And singer Barry Manilow is 72 today.
President Bryant announced that there will be a Board meeting following this meeting.
Mike Dungan served as our Sargeant-at-Arms and raised a bundle "for the children".
Tracey Yamamoto won the drawing and $10 but drew the nine of clubs. The pot was worth $60 today.

SPEAKER

Posted by Robert Homann on Jun 17, 2015

Harvey Clark introduced our speaker Wayne Stutzer, Senior Vice-President and Financial Consultant for RBC Wealth Management. Wayne has over 27 years of experience educating investors on current events and their potential impact on the financial markets. He hosts a radio talk show every Sunday from 8:00 to 10:00 am on Newsradio 92.3 FM. He also can be seen daily at 5:20 AM on Fox 10 news. Wayne is a member of the Scottsdale North Rotary Club.

Wayne says we have been recovering from a "balance sheet recession" since 2008. He believes Ben Bernanke and the Federal Reserve saved capitalism by keeping interest rates at essentially zero to give banks time to dig out of their debt problems. Printing money did not lead to hyperinflation. The recovery is working but it has been slow. He says the Fed is going to raise interest rates and that will make money a little more expensive, but it will also make it a little more available. Bank borrowing rates will rise from essentially zero to 2 %. This will shake up the stock market for a while but it will not be enough to damage the economic recovery. Stock market growth is now being fueled by companies making money, not by the Fed printing money. Lots of people and companies are sitting on cash that will come into the market.

Wayne described some terms for us:

Pull Back = loss of 5-10% of stock values. Recovery typical in 6 months. We have had 60 of these pull backs since the end of WW II.

Correction = loss of 10 to 20 % of stock values. Recovery time is around a year. We have had 19 of these events since the end of WW II.

Recession = greater than 20% loss of stock values. Recovery is typically 2-3 years. We have had 9 of these since WW II ended.

Crash - one in the '30s and 2 in the 70s.

Wayne doesn't think we are going to have another recession any time soon. One sign of coming trouble will be an inverted interest curve in which short term bonds pay more than long term bonds.

JUNE BIRTHDAYS AND ANNIVERSARIES

Posted by Robert Homann on Jun 17, 2015

BIRTHDAYS

Dan Govinsky - June 4

Bob Benjamin - June 13

WEDDING ANNIVERSARIES

Ben and Peggy Fellows - June 2 - 50 years

Gene and Jeannie Anderson - June 6 - 51 years

Jacquie and John Smith - June 7 - 41 years

Jack and Vicki Beveridge - June 22 - 41 years

Bill and Susan Burrows - June 28 - 37 years

Bryant and Jenny Powell - June 29 - 19 years

Robert and Dorothy Homann - June 30 - 53 years

JOINED ROTARY ANNIVERSARIES

Harvey Clark - June 14 - 7 years

John Fillmore - June 15 - 8 years

Jeannie Anderson - June 30 - 13 years

Bob Benjamin - June 30 - 10 years

Jack Beveridge - June 30 - 12 years

Michale Dungan - June 30 - 13 years

UPCOMING PROGRAMS AND EVENTS

Posted by Harvey Clark on Jun 17, 2015

June 24 - Club Assembly - Passing of the Gavel Bryant Powell to Matt Ruppert. Thank yous and recognitions.

END OF ROTARY YEAR 2014-15

July 1 - Kayla Fulmer - Foster Care Review Board

July 8 - Bryant Powell - Downtown AJ Plan & Development S. of US 60

July 15 - Charles Keller - Aid to Children and Families in Distress

July 22 - Sandie Smith - The Pinal Partnership