THE DESOLATE WILDERNESS Here beginneth the chronicle of those memorable circumstances of the year 1620 as recorded by Nathaniel Morton, keeper of the records of Plymouth Colony, based on the account of William Bradford, sometime governor thereof: So they left that goodly and pleasant city of Leyden, which had been their resting place for above [...]
US Drops Tariffs on Steel and Aluminum Imports US drops tariffs on steel and aluminum imports, according to a US Department of Commerce announcement on October 31. It will drop tariffs on steel and aluminum imported from the E.U. and replace them with a quota system to allow for some duty-free tax imports. In exchange, [...]
New Home Sales Jumped 14% New home sales jumped 14% to an 800k-unit pace in September, the strongest since March. The median selling price was up 18.7% over the year, a more moderate increase compared to the 23.3% realized in the prior month. Wells Fargo US Raw Steel Production Down from Previous Week In the [...]
US LEI Rose Again in September The US LEI rose again in September, though at a slower rate, suggesting the economy remains on a more moderate growth trajectory compared to the first half of the year,” said Ataman Ozyildirim, Senior Director of Economic Research at the Conference Board. The Conference Board Leading Economic Index (LEI) [...]
The Annual Inflation Rate Climbed to a 13-Year High The annual inflation rate climbed to a 13-year high of 5.4 percent in September, higher than the estimate, according to the Bureau of Labor Statistics (BLS). Everything is costing more of your hard-earned money. I do not believe it will abate any time soon, hopefully it [...]
US Drill Rigs Running Up 262 from One Year Ago US drill rigs running up 262 from one year ago, increased by 7 from the previous week, for a total of 528 drill rigs running in the US last week. Canadian drillers added three rigs to 165, up 90 rigs from 1 year ago. US [...]
Small Business Confidence Rose 0.4 Points Small business confidence rose 0.4 points in August as five of the ten components of the National Federation of Independent Business (NFIB) Optimism Index improved during the month. Empire State Manufacturing Grew at a Swift Pace September 2021 The Federal Reserve Bank of New York released its Empire State [...]
US Steel Industry Ranks Fourth in the World The US steel industry ranks fourth in the world and in the week ending September 25, 2021, raw steel production was 1,880,000 net tons at an ACUR of 85.2%, up 0.3% from the previous week. In a sour note, I just became aware, as I have not [...]
US Drill Rigs Running Up 241 from One Year Ago US drill rigs running up 241 from one year ago. There were 497 drill rigs running in the US last week, down 11 rigs from the previous week, I suspect as a result of hurricane Ida which has shutdown oil production in the Gulf for two [...]
New Orders Increased in New York State in August New orders increased and shipments grew slightly, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for August. It reports business activity continued to expand in New York state, according to firms responding to the survey, though growth was slower than last [...]
