Small Business Optimism Surged in November
Small business optimism surged in November along with the November 5 election results. The index rose to its highest level since June 2021.
I am going to do some re-caps since I was out for a few weeks. I hope everyone had an enjoyable Holiday Season. I anticipate an exciting year with the new Trump administration in place. His goals are admirable and pro America. Lets hope the members of Congress, on both sides, will work together to “Make America Great Again”
US Raw Steel Production
In the week ending 11/10/24 US raw steel production was 1,638,000 net tons at an ACUR of 73.8 percent
In the week ending December 7, 2024, US raw steel production was 1,668,000 net tons at an ACUR of 75.1 percent
In the week ending December 14, 2024, US raw steel productions was 1,651,000 net tons at an ACUR of 74.3 percent.
In the week ending December 21, 2024, US raw steel production was 1,690,000 net tons at an ACUR of 76.1 percent.
In the week ending December 28, 2024, US raw steel production was 1,658,000 net tons at an ACUR of 74.7 percent, down 1.9 percent from the previous week.
Consumer Price Index Increased in November
The Consumer Price Index (CPI) increased 0.3 percent in November, after rising 0.2 percent in the previous 4 months. Over the last twelve months, the all-items index increased 2.7 percent before seasonal adjustment
Empire State Manufacturing Survey Reports Activity Held Steady in December
The Federal Reserve Bank of New York released its Empire State Manufacturing Survey results and reports business activity held steady in December, according to firms responding to the survey
Real GDP Increased in 2024Q3
Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter, according to the third and final estimate.
Manufacturing Business Outlook for December Reports Activity Declined
The Federal Reserve Bank of Philadelphia released its Manufacturing Business Outlook Survey results for December and reports manufacturing activity in the region declined overall. The survey’s indicator for general activity remained negative and fell further while the indexes for new orders and shipments also declined and turned negative.
CFNAI Increased in November
The Chicago Fed National Activity Index (CFNAI) increased to -0.12 in November from -0.50 in October. Three of the four broad categories of indicators used to make up the index increased from October. The index’s three-month moving average (CFNAI-MA3), decreased to -0.31 in November from -0.27 in October.
Fifth District Survey of Manufacturing Activity Reports Sluggish Activity in November
The Federal Reserve Bank of Richmond released its Fifth District Survey of Manufacturing Activity results and reports activity remained sluggish in November, though more businesses were optimistic that conditions would improve over the next six months.
Headline News
On New Years Eve a radical Muslim, with an ISIS flag hanging off his truck, rammed his vehicle into a crowd of revelers celebrating the coming new year. He killed at least twelve people and injured over thirty others. How many of these sick bastards are now in our country, laying wait? Thanks to Biden and the Democrats we will only find out as they execute their reign of terror on unwitting Americans. Ironically, this radical was a US Military veteran. Go figure.
Mike Johnson was r-elected as Speaker of the House, that means we have an operating Congress which can hit the ground running on January 20 when President Trump is inaugurated as the 47th President of the United States.
MAKE AMERICA GREAT AGAIN
“KEEP AMERICA 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.”
