Industrial Production Surged in August
Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector’s slowdown. Wells Fargo
Existing Home Sales Beat Expectations
Existing home sales beat expectations, rising in August. Wells Fargo
Federal Reserve Cut Interest Rates for the Second Time
On Wednesday the Federal Reserve cut interest rates by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the US-China trade war.
In my view, a rate-cut was unnecessary at this time. Despite all the hype, our economy remains fundamentally stable. Have things cooled a bit, yes, but not that drastically. Rate cuts are ammunition for stimulus during a recession…we ain’t there.
Empire State Manufacturing Survey September 2019 Reports Little Change
The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for September 2019 and reports business activity was little changed, according to firms responding to the survey. The headline business conditions index edged down three points. New orders were marginally higher than August and shipments grew modestly. Delivery times were steady and inventories increased. Employment levels expanded while the average workweek held steady. Indexes assessing the six-month outlook indicated that optimism about future conditions deteriorated noticeably and capital spending plans weakened markedly.
September 2019 Manufacturing Business Outlook Survey Reports Activity Continued to Expand
The Federal Reserve Bank of Philadelphia released its September 2019 Manufacturing Business Outlook Survey and reports manufacturing activity in the region continued to expand this month, according to those responding to the survey. The survey’s broad indicators remained positive although their movements were mixed. The indexes for general activity and new orders fell while indexes for shipments and employment increased. The survey’s future general activity index moderated but continues to suggest growth over the next six months.
The Conference Board Leading Economic Index (LEI) for the US was Unchanged in August
The Conference Board Leading Economic Index (LEI) for the US was unchanged in August, remaining at 112.1, following a 0.4 percent increase in July and no change in June.
The US LEI remained unchanged in August following a large increase in July. Housing permits and the Leading Credit Index offset the weakness in the manufacturing sector and the interest rate spread,” said Ataman Ozyildirim, Senor Director of Economic Research at the Conference Board. “The recent trends in the LEI are consistent with a slow but still expanding economy which has been primarily driven by strong consumer spending and robust job growth.“
US Drill Rigs Running Down from Prior Week
There were 886 drill rigs running in the US last week, down 12 from the prior week. Canadian drilling dropped by 13 to 134 drill rigs.
US Raw Steel Production at ACUR of 77.8%
US raw steel production was 1,811,000 tons at an ACUR of 77.8 percent. Thus far this year mills have produced prox 68,959,000 tons compared to the prox 66,455,000 tons produced in the like period last year.
ANY FURTHER ASSAULT ON THE SECOND AMENDMENT RIGHTS OF LAW-ABIDING CITIZENS IS AN ASSAULT ON THE CONSTITUTION ITSELF.
The mass shootings are caused by mental health issues of the shooter. It is NOT the gun. Your right as an American citizen should be attacked or changed. Mentally unstable people must be prohibited from owning a firearm and any physician, therapist, psychiatrist, psychologist, friend, neighbor, cousin or whomever, that is aware of someone who preaches violence, is known to be violent or is otherwise thought to be a threat to life must report this knowledge to law enforcement. It is that simple.
Under a morality of sacrifice, the first value you sacrifice is morality, the next is self-esteem. When need is the standard, every man is both victim and parasite. As a victim, he must labor to fill the needs of others, leaving him in the position of a parasite whose needs must be filled by others. He cannot approach his fellow men except in one of two disgraceful roles: he is both a beggar and a sucker.”
It is your mind they want you to surrender-all those who preach the creed of sacrifice, whatever their tags or motives, whether they demand it for the sake of your soul, whether they promise you another life in heaven or a full stomach on earth. Those who start by saying “it is selfish to pursue your own wishes, you must sacrifice them to the wishes of others”-end up by saying “it is selfish to uphold your convictions, you must sacrifice them to the convictions of others…”
This much is true: the most selfish of all things is the independent mind that recognizes no authority higher than its own and no value higher than its judgment of truth. You are asked to sacrifice your intellectual integrity, your logic, your reason, your standard of truth-in favor of becoming a prostitute whose standard is the greatest good for the greatest number.” Ayn Rand
Consider both paragraphs above, from the book “Atlas Shrugged,” you cannot help but notice that these describe the platform of the Democratic party. YOU have too much, You do too little for others, YOU do not sacrifice enough for others, YOU must sacrifice what you have worked for, YOU must deprive yourself of your God-given rights but YOU must grant those rights to others.
Let’s impeach the President, let’s impeach Supreme Court Justice Kavanaugh, let’s confiscate all weapons from the citizens, let’s let anyone illegally enter into our country, let’s feed them all, let’s give all of them healthcare, lets raise taxes, lets have more government regulation, let’s allow felons to vote, let’s allow children to vote, let’s not allow prayer in schools, let’s not start the school day by reciting the Pledge of Allegiance. Let’s make scapegoats of “white” men, let’s allow our children and adults to choose the sex they want, not the one God gave them, let’s let men urinate in the women’s room, let’s let women urinate in the men’s room, let’s let women play men’s sports, let’s let men play women’s sports. WTF are these people thinking?
All of this nonsense while Iran has bombed Saudi oil refineries, while both Canada and Mexico have passed the USMCA and our Congress does NOTHING, while our President IS building the wall, and our Congress does NOTHING to secure our southern border, while our PRESIDENT eliminates government regulations, and our Congress does NOTHING, while our President has lowered our taxes, and our Congress does NOTHING, while our President seeks to re-negotiate unfair trade deals to make FAIR trade deals, and our Congress does NOTHING…
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.”</blockquote