Existing Home Sales Surged in February 2023

Existing home sales surged 14.5% in February as buyers responded to lower mortgage rates. February’s leap was the largest since December 2015, excluding the pandemic era.

US Raw Steel Production Up from Previous Week

In the week ending 3/18/23 US raw steel production was 1, 686,000 net tons at an ACUR of 75.4 percent, up 0.5 percent from the previous week.

US Drill Rigs Running Up from Previous Week

There were 754 drill rigs running in the US last week, up 8 rigs from the previous week, up 91 from one year ago. Canadian drillers shuttered 16 rigs, to 207, up 31 rigs from one year ago.

On Wednesday, the Fed raised interest rates by .25 percent (25 basis points) to 4.75-5.00%

The Chicago Fed National Activity Index for February 2023 Fell

Led by declines in production-related indicators, the CFNAI fell to -0.19 in February from +0.23 in January. All four broad categories of indicators used to construct the index made negative contributions in February. The index’s three-month moving average (CFNAI-MA3) increased to -0.13 in February from
-0.27 in January.

News Headlines

This is just stupid:
On Monday, the city of Philadelphia agreed to pay $9.25 million to over 200 RIOTERS who claimed to have been injured by police during the Black Lives Matter RIOTS of 2020.
In addition to financial compensation, the city has also agreed to stop participating in a federal program that provides the police department with extra military equipment (what could go wrong?) . The city will also pay about $500,000.00 for counseling services for residents where most of the violence occurred.

The RIOTERS complained about superficial injuries sustained during their clash with police, including “scars” from rubber bullets and “nerve damage” from being restrained with zip-ties, as well as exposure to tear gas, as police attempted to disperse the violent gatherings.

You have got to be kidding me. There are people rotting in jail without being charged as a result of the Jan 6 debacle in Washington, DC. Philadelphia is a shit hole, thanks to BLM and Antifa, and now bad people get paid for RIOTING? You know, looting, burning, other vandalism, probably violence and I suspect (but have not researched) murder. There is some difference in the treatment of conservatives as compared to leftists, wouldn’t you say?

WAKE UP AMERICA

I am so tired of the climate change scam. The average earth temperature has risen 1.1-degree F since the industrial age began. They blame oil and gas, but do they really know the cause? Of course not. It is all bullshit. This “green” crap is ruining the planet. Ocean windmill installations are killing sea life, bird life and God knows what else. Are you aware of the costs involved in creating and disposing of the stupid batteries they are forcing upon us? I mean, it really is a big scam. Conservatives had better win big in 2024, we really are on the cusp of losing the dream of freedom.

They did NOT arrest Trump on Monday

They did NOT arrest Trump on Tuesday

They did NOT arrest Trump on Wednesday

They did not arrest Trump on Thursday

They did not arrest Trump on Friday…it really is a baseless witch hunt

Once again, ALL bullshit. Alvin Bragg, the DA, is bought and paid for by George Soros, a communist sonofabitch, the criminal, Michael Cohen has lied about what he “has” on Trump. It is all bogus and will blow up in the Marxists faces.

Want to know why? Because its all a politically motivated lie. The left is so horrified of Donald J. Trump, that they don’t know what to do. They have tried nearly everything; Russia collusion, a lie. Impeached once failed. Impeached a second time, failed. Over the past 6 or 7 years they have not stopped trying to destroy this man? Why? Because his policies will ruin them and their thievery.

Three banks have gone under in the past two weeks. Typically, the government insures up to $250,000 of deposits per depositor. Since the depositors of the bankrupt lenders are Democrat donors, Biden has decided to spend YOUR money to insure all losses are recovered. Do you like that? Keep voting for these fools. Another unwarranted bailout…with YOUR money

“MAKE AMERICA GREAT AGAIN”

and

“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.”