CPI came in at .3 percent in October
CPI came in at .3 percent in October from .4 percent in September. The Consumer Price Index was a higher forecast (2.9%) but heading in the right direction.
US raw steel production up from prior week
In the week ending October 18, 2025, US raw steel production was 1,744,000 net tons at an ACUR of 76.1 percent up 1.3 percent from the prior week ending October 18, 2025.
Adjusted YTD production through October 18, 2025 was 71,964,000 net tons at an ACUR of77.0 percent, up 2.6 percent from the same period last year.
US drill rigs running up from previous week
There were 548 drill rigs running in the US last week, up one rig from the previous week, down thirty-seven rigs from one year ago. Canadian drillers added five rigs last week, to 198, which was down nineteen rigs from one year ago.
News Headlines
Week three of the government shutdown. Personally, I think the Republicans should hold out, what they want to do is the right thing for the country. The Democrats are being stupid with their demands for so much more money. I hope they cave because people who are not directly involved will pay the price of this political nonsense. The congress will continue to be paid, and they aren’t doing anything. How is that fair?
Hamas shot a couple of Israeli soldiers over the weekend, threatening the fragile ease-fire.
We are in day 23 (Thursday) of the government shutdown, therefore, not much economic news is available for release, hence the short View.
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.”
