Increased Exports, Consumer Spending Reflected in Q3 Increase
Increased exports, consumer spending reflected in Q3 increase were partly offset by a decrease in housing investment. In its advance estimate (of 3) of Q3 GDP the Bureau of Economic Analysis reports GDP increased at an annual rate of 2.6 percent, in contrast to a 0.6% decrease in Q2.
CFNAI Unchanged in September
The Chicago Fed National Activity Index (CFNAI) was unchanged at +0.10 in September. Two of the four broad categories of indicators used to construct the index made positive contributions in September while two deteriorated from August. The index’s three-month moving average, CFNAI-MA3, moved up to +0.17 in September from +0.04 in August.
US Raw Steel Production Down from Previous Week
In the week ending 10/22/22, US raw steel production was 1,669,000 net tons at an ACUR of 74.8 percent, down 1.1 percent from the previous week ending 10/15/22.
US Drill Rigs Running Up from Previous Week
There were 771 drill rigs running in the US last week, up two rigs from the previous week, up 229 rigs from one year ago. Canadian drillers capped 6 drill rigs, leaving 210 running, up 46 rigs from one year ago.
VOTE NOVEMBER 8, 2022
News Headllines
Our southern border remains wide open. Over 2.7 million have invaded our country illegally in the fiscal year ended September 30, and that does not include those who escaped detection. That the Marxists continue to allow this to happen is against the immigration policy written in our Constitution. When will these clowns be held accountable?
Ukraine…still the same story. They beg for money and weaponry, we send it.
According to the Education Department the nation’s schools this year recorded the largest yet drop in math scores, with fourth and eight grade students in nearly every state showing significant declines. What do you expect when the teachers union had shut down schools, forced mask wearing and vaccines and teaching alternate subjects, like critical race theory, the 1619 project, sexualizing our children with unnatural sexual deviance, instead of math, science, history, literature etc. They are destroying our children’s lives and quite on purpose.
“Mega Maga” “Republicans will crash the economy” (actually, Joe Biden and his policies have and will continue to crash the economy. Republicans will have to clean up their mess once again) “The border is secure” “In July there was zero percent inflation, zero percent” “my administration has lowered the deficit by $1.4 trillion this year” political chicanery. “Inflation is transitory”
All of the above nonsense has been touted by Biden and his administration endlessly. Though the truth of the matter is plainly evident, the mainstream media continues to protect these fools and promote their lies.
I have seen bits of the Pennsylvania senatorial debate between John Fetterman and Mehmet Oz, and New York gubernatorial candidates Kathy Hochul and Senator Lee Zeldin.
My take-aways:
John Fetterman is unfit to hold office. The man had a stroke and that he refuses to acknowledge his incapability to serve is a sin on the people of Pennsylvania.
Kathy Hochul when asked about crime in her city replied, “I don’t know why you make such a big deal about crime.” Well, when citizens must fear for their lives and treasure when they walk out the door, that IS a problem, when people are defecating in the streets, using drugs openly in the streets, openly robbing stores, car-jacking and shooting, that IS a problem.
Hillary is chirping her nonsense again: Now “the extremist Republicans are already planning to steal the 2024 election.” Talk about elections deniers, Hillary is a prime example, and she still has not let 2016 go.
Most still say Donald Trump lost the 2020 election, but one must ask; how did Joe Biden garner 12 million more votes than Barack Obama? How is that even remotely possible without cheating? I still believe the election was stolen, there was way too much corroborating evidence which was buried or not fully investigated by the Department of Justice to think otherwise. We all know the DOJ has been compromised as has the FBI. How can anything be truthfully investigated in such an atmosphere of corruption?
It seems that the daily Democratic talking points now emphasize “extreme Republicans” or “extreme MAGA Republicans” in every conversation with a Democratic candidate, or the president and his staff.
Personally, I can think of NO conservative who can be called “extreme” in their thinking or their policy proposals. It is all nonsense and only misinformed or uninformed citizens will fall prey to the lie.
“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.”
