Iron Ore Prices Soared 67% This Year
“Iron ore prices soared 67% this year, a resurgence driven by falling supplies that has led to challenging times for steel mills that use the material. As steel’s main ingredient, iron ore is one of the world’s most traded commodities and can influence prices for materials used in everything from cars to skyscrapers…many steelmakers world-wide are reporting their margins are being squeezed by climbing ore costs, although the impact varies depending on how much iron or steel scrap they use. US Steel said last month it was struggling with rising material costs in Europe as it idled one furnace there and two in the USA. ~ The Wall Street Journal
(I am sure this is one factor in the decline in average capability utilization rates which has dropped from around 83% to 79% as reported above).
Dow Industrials Record High
On Thursday the Dow Industrials closed above 27,000 for the first time while the S&P closed just short of the 3,000 threshold.
US Labor Market Remains Strong
According to the US Labor Department, US employers added 224,000 jobs in June, easing fears of a hiring slowdown and showing a strong labor market could propel the domestic economy facing threats from abroad. the jobless rate kicked up to 3.7%
Small Business Optimism Index Fell in June
The NFIB Small Business Optimism Index fell 1.7 points in June. While overall confidence remains at a fairly high level, business owners expressed concern about slowing sales, trade tensions and rising costs. Wells Fargo
US Drill Rigs Running Down Last Week
There were 963 drill rigs running in the US last week, down 4 from the previous update. Meanwhile Canadian drilling also dropped by four rigs to 120.
US Raw Steel Production at ACUR 79.4%
In the week ending July 6, US raw steel production was 1,847,000 tons at an ACUR of 79.4 percent. Thus far this year mills have produced prox 50,458,000 tons compared to the prox 47,918,000 tons produced in the like period last year.
…”one had to concern oneself with the rational, not the insane-that one had to seek that which was right, because the right answer always won-that the senseless, the wrong, the monstrously unjust could not work, could not succeed, could do nothing but defeat itself.” Ayn Rand
This is a perfect description of the socialists trying to destroy America:
And further…” Let me give you a tip on a clue to men’s characters: the man who damns money (sound familiar Bernie? Nancy? Kamala? Cory? Chuck?) has obtained it dishonorably; the man who respects it has earned it.”
Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter.”
Are they not looking to tax you more, to control your life? They want to be the “haves, the elites” and leave to us, the working and achieving men and women of America, nothing but crumbs. God damn them to hell. This is the socialist government these idiots wish to turn our free and capitalist government over to.
51% of Americans Support Mass Deportation
The latest Harvard/Harris poll finds that 51% of American voters say they support the mass deportation of the 11 to 22 million illegal aliens living in the US should Congress fail to reach a deal that closes the loopholes in the immigration asylum system.
I am surprised it is only 51%…it should be 100%. The fact that the taxpayer is paying to house, clothe, feed and provide healthcare is a shame on the Congress. These idiots want to give them the vote and are basically telling the rest of us to go to hell. We have veterans and homeless citizens not receiving the care these lawbreakers are. Enough of this resistance and obstruction. What are people thinking?
“The Life of Washington”
This week, the leftists in San Francisco, Ca. have a decided that mural of George Washington’s life, painted in the 1930’s is racist and hurtful; thus, they want it painted over. The way of life, in all periods of time, is just the way of life at that point in time. I am not going to get into a pissing contest about slavery, it was accepted at the time and has since obviously been determined to be wrong for America-a very long time ago.
We cannot remake our history, nor should we try to hide from it. Over the past 2 ½ centuries, the United States has done more good than harm to and for all people here at home. We have had a black president, we have black mayors and governors, congress men and women, doctors, architects, actors. You name it, any field is filled with a diversity of American citizens. So, liberals, socialists, Democrats (in name only), stop your race baiting bullshit, lying to the people to foment chaos for your own selfish political reasons. It is wrong and come November 2020, the leftists and socialists and dino’s (see above, in name only) will find out once again, that the American people are much smarter than they think.
Alex Acosta Steps Down
Alex Acosta is forced to step down from his government position as Secretary of Labor because of the Jeff Epstein pedophile case. Meanwhile, slippery Bill Clinton who flew on the pervert’s plane dozens of times, walks free as a bird. This is utter bullshit.
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