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Dan Ringstad introduced our speaker, Jim Nowak, Assistant Vice President, Risk Management United Bankers Bank.  Jim is an economist and a graduate of St. Cloud State University with a Bachelor of Science degree in finance. Jim has been a featured speaker at many banking industry events and has appeared on Fox9 News.

Jim came prepared with a few of the many indexes he updates on a daily basis. His indexes track the “feel” of the economy, credit growth, 12-month cumulative job growth, consumption & housing, national & MN weekly leading economic activity index, and the job growth. According to Jim locally the news is good for Minnesota but expect the national market to be volatile until the end of the year.