Existing Home Sales Rose 20.7% in June
US existing home sales rose 20.7 percent in June as low mortgage rates and re-openings around the US helped push sales up from May.
CFNAI Increased in June
Led by improvements in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +4.11 in June from +3.50 in May. Three of the four broad categories of indicators used to construct the index made positive contributions in June. The index’s three-month moving average (CFNAI-MA3), moved up to -3.49 in June from -6.36 in May.
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 Raw Steel Production at ACUR 58.3%
US raw steel production the week ending 7/18/20 was 1,306,000 net tons at an ACUR of 58.3 percent. I believe production dropped to around 51% of capacity early in the pandemic as business was shut down. The current production rate is up 1.3 percent from the week of 7/11/20. It is moving in the right direction.
Conference Board LEI Increased in May
The Conference Board Leading Economic Index (LEI) increased 2.8 percent in May following a 6.1 percent April decline.
In May, the US LEI showed a partial recovery from its sharp decline over the previous three months as economic activity begins began to pick up again.”
Riots, violent protests, looting and other chaos continue in Democrat run cities across the United States, in some cases for 2 months now. Why? Are these incidents being promoted and driven by leftist radicals? Communists? Marxists? These are not home-grown protests, or because of George Floyd. I don’t give a shit if you like President Trump or not. The fact is, everyone who is against our current president, has been influenced negatively by 3 ½ years of a constant media barrage of negativity against the man they presume to hate. But why? Do they not believe or see the good things this administration has done for the people of the United States? The list of positives is very long and just the beginning of what he wants to do. The so-called Democrats have descended in the hell of socialist meandering that would lead this country down a path for which she was not intended to travel.
Freedom, Liberty, the Pursuit of Happiness, the freedom to choose, to have the opportunity to work for and achieve one’s dreams…that is America. It is NOT waiting for an assistance check from Uncle Sam (though this country is the most benevolent in the world, need a hand-up, America responds. Need a hand-out Democrats respond). The so-called Democrats and their ilk will destroy our country if they gain power in November.
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.”