Financial Conditions and Consumers’ Outlook Remain Positive
“Financial conditions and consumers’ outlook remain positive, which should support growth of about 2 percent through early 2020, despite the US LEI decline in four of the last five months. Its six-month growth rate turned slightly more negative in the fourth quarter of 2019, with the manufacturing indicators pointing to continued weakness in the sector. .
The Conference Board Leading Economic Index (LEI) for the US declined slightly by 0.3 percent in December following a 0.1 percent increase in November and a 0.2 percent decline in October. The decline was driven mostly by rising unemployment insurance claims and a drop in housing permits, said Ataman Ozyildirim, Senior Director of Economic Research at the Conference Board.
Declines in Production-Related Indicators Led to Fall of CFNAI in December
Led by declines in production-related indicators the Chicago Fed National Activity Index (CFNAI) fell to -0.35 in December from +0.41 in November. Three of the four broad categories of indicators that make up the index decreased in November. The index’s three-month moving average (CFNAI-MA3) moved up to -0.23 in December from -0.31 in November.
US Drill Rigs Running Up From Prior Count
There were 796 drill rigs running in the US last week, up 15 rigs from the prior count but down 254 rigs from 1 year ago. Meanwhile Canadian drilling rose by 41 rigs to 244 which is up 35 rigs from the same period last year.
US Raw Steel Production at ACUR 82.7%
In the week ending January 18, 2020 US raw steel production was 1,928,000 net tons at an ACUR of 82.7%. Thus far this year mills have produced prox 4,936,000 net tons compared to the prox 4,812,000 net tons produced in the like period last year.
Musings From Las Vegas
I am in Las Vegas at the Sands Convention Center for the Shot Show sponsored by the National Shooting Sports Foundation (NSSF) of which we are also members. We had a booth yesterday and finish up today with the Supplier Showcase. I thought the show itself opened tomorrow but it is apparently today. Joe and Anthony are downstairs saying hello to old friends and seeking new business opportunities.
The joke begins in Washington Tuesday as the “democrats” continue to lie to the American people as they charge ahead to impeach the 45th President of the United States. They should all be ashamed of themselves. Talk about the “swamp” it wasn’t 24 hours after Trump’s election that these shit bags started talking about impeachment. Since 2016 they have tried everything they could to remove Trump from office, fortunately all their attempts have been proven to be lies and this final effort about a phone call is the worst and I believe the democrats will hang themselves with it.
The president has yet to be charged with a crime, yet they persist with their lies. Quid pro quo didn’t work, bribery didn’t work. It is all lies, every bit of it and the “elites” have wasted years and millions of taxpayer dollars in pursuit of a thread of evidence to support their lies, but there is none. I personally, am disgusted by the whole thing. These people can no longer be called “democrats,” they are a bunch of radical leftists hell-bent on destroying our republic.
Fortunately there are millions of patriots in the USA and we will not allow these assholes to have their way, I can guarantee that.
Look at what we are dealing with:
Nancy Pelosi a drunken liar
Chuck Schumer a pandering, lying career politician
Adam Schiff blatant liar
Jerry Nadler a lying stooge
Maxine Waters a lying racist
Rep. Blumenthal a liar and a disgrace to his uniform
Hilary Clinton a liar and a cheat
Bill Clinton a liar and a cheat
Jeffrey Epstein a lying but dead pedophile
Bill DeBlasio lying liberal
Andrew Cuomo Fredo, what can I say about this liar?
Eric Swalwell liar
Dick Durbin liar
The Steele Dossier really big lies
Robert Mueller “I never heard of the Dossier” yes, another liar
Do you see the pattern here? This is the height of corruption, it has infected our political system, it is a cancer attacking our country, our Constitution, our people, our God given rights.
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.”