2019 Second Quarter GDP Increased
2019 Second Quarter GDP Increased. Real gross domestic product increased 2.0 percent in the second quarter of 2019, according to the “third” and final estimate released by the Bureau of Economic Analysis (BEA).
Chicago Fed National Activity Index (CFNAI) Rose to +0.10 in August from -0.41 in July
Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.10 in August from -0.41 in July. All four broad categories of indicators that make up the index increased from July, but three of the four categories made negative contributions to the index in August. The index’s three-month moving average, CFNAI-MA3, edged up to -0.06 in August from -0.14 in July.
What do the numbers mean? A zero value for the monthly index has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units); and positive values with above-average growth.
Periods of economic expansion have historically been associated with values of the CFNAI-MA3 above -0.70 and the CFNAI Diffusion Index above -0.35. Conversely, periods of economic contraction have historically been associated with values of the CFNAI-MA3 below -0.70 and the CFNAI Diffusion Index below -0.35.
An increasing likelihood of a period of sustained increasing inflation has historically been associated with values of the CFNAI-MA3 above +0.70 more than two years into an economic expansion. Similarly, a substantial likelihood of a period of sustained increasing inflation has historically been associated with values of the CFNAI-MA3 above +1.00 more than two years into an economic expansion.
US Drill Rigs Running Down from Prior Count
There were 868 drill rigs running in the US last week, down 18 from the prior count and down 185 rigs from the prior year. Meanwhile Canadian drilling dropped by 15 rigs to 119 which is also down by 78 rigs from the prior year.
US Raw Steel Production at ACUR 77.7%
US raw steel production in the week ending 9/21/19 was 1,809,000 tons at an ACUR of 77.7%. Production in the same period last year was 1,866,000 tons at an ACUR of 79.6 percent. Thus far this year mills have produced prox 70,768,000 tons compared to the prox 68,321,000 tons produced in the like period last year.
The US Census Bureau Advance Report on Manufacturers’ Shipments, Inventories and Orders:
- New orders for manufactured durable goods in August increased o.2 percent. This increase, up three consecutive months, followed a 2.0 percent July increase.
- Shipments of manufactured durable goods in August, up three of the last four months, increased 0.1 percent. This followed a 1.2 percent July increase.
- Inventories of manufactured durable goods in August, up thirteen of the last fourteen months, increased 0.3 percent. This followed a 0.4 percent July increase.
Look at the Democrats making fools of themselves again. They just cannot get over their loss in the 2016 election and they apparently, will not stop trying to overturn the election. All the lies they have made up for the past three years, including this latest on the phone call with the president of Ukraine, have failed. They have been caught lying with every accusation. The sad thing is, they have yet to be held accountable…for anything, from the fake Steele dossier, the trashing of Brett Kavanaugh, charges of racism against the president, charges of misogyny against the president. Everything they leech onto has been proven to be false, an outright lie or some other nonsense. And THESE are the people who seek power over the people of the United States. God help us.
As an American citizen, how do you want our country to move forward for you and your family:
SECURE BORDERS? OPEN BORDERS?
MORE GOVERNMENT? LESS GOVERNMENT?
A STRONG MILITARY? A WEAK MILITARY?
LESS TAXATION? MORE TAXATION?
LESS GOVERNMENT REGULATION? MORE GOVERNMENT REGULATION?
FAIR TRADE AGREEMENTS? QUID PRO QUO TRADE AGREEMENTS?
PROPER CARE FOR OUR VETERANS? DON’T CARE FOR OUR VETERANS?
MERIT BASED IMMIGRATION? THE SHIT WE HAVE NOW?
RESPONSIBLE HELP FOR THE POOR? THROW MONEY AT THE PROBLEM?
TEACH AMERICAN HISTORY TO OUR CHILDREN? ERASE AMERICAN HISTORY?
RESPECT OUR FLAG? DON’T GIVE A SHIT?
SAY THE PLEDGE OF ALLEGIANCE IN SCHOOL? WHAT IS THAT?
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform XX Entitlement Reform
Business Tax Reform XX Education Reform X
Healthcare Reform Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor XX Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS XX Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term, but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
“KEEP AMERICAN GREAT”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”</blockquote