Job and Income Growth Remain Favorable
Job and income growth remain favorable. Largely ignoring other news, consumers are still focused on job and income growth. Inflation expectations remain muted, supportive of a Fed rate cut next week. Wells Fargo
October Fifth District Survey of Manufacturing Activity Reports Activity Strengthened
The Federal Reserve Bank of Richmond released its October Fifth District Survey of Manufacturing Activity and reports activity strengthened in the month as all three component-shipments, new orders and employment-increased. Manufacturing firms also reported an increase in order backlogs and improved local business conditions. Respondents were optimistic that conditions would continue to improve in the next six months.
Conference Board Leading Economic Index (LEI) Showed the US Declined Slightly
The Conference Board Leading Economic Index (LEI) was released on 10/18 and showed the US declined slightly but the index still points to a slow but expanding economy through early 2020.
The US LEI declined in September because of weakness in the manufacturing sector and the interest rate spread which were only partially offset by rising stock prices and a positive contribution from the Leading Credit Index,” said Ataman Ozyildirim, Senior Director of Economic Research at the Conference Board. “The LEI reflects uncertainty in the outlook and falling business expectations brought on by the downturn in the industrial sector and trade disputes. Looking ahead, the LEI is consistent with an economy that is still growing, albeit more slowly, through the end of the year and into 2020.“
US Drill Rigs Running Down 5 From Previous Week
There were 851 drill rigs running in the US last week, down 5 rigs from the previous week, down 216 from the prior year. In Canada, there were 143 drill rigs running, down 3 from the previous week and down 48 from the same period last year.
US Raw Steel Production at ACUR 79.6%
In the week ending October 19, 2019 US raw steel production was 1,841,000 tons at an ACUR of 79.6 percent. Thus far this year mills have produced prox 77,919,000 tons compared to the prox 75,817,000 tons produced in the like period last year.
The US Census Bureau September Advance Report on Manufacturers’ Shipments, Inventories and Orders
- New orders for manufactured durable goods in September decreased 1.1 percent. This decrease, down following three consecutive monthly increases, followed a 0.3 percent August increase.
- Shipments of manufactured durable goods in September, down three consecutive months, decreased 0.4 percent, following a 0.1 percent August decrease.
- Inventories of manufactured durable goods in September, up fourteen of the last fifteen months, increased 0.5 percent, following a 0.2 percent August increase
I don’t need this job; I have built a very successful business. Why do I do this? For YOU, the American people and for the United States which has given me so much. I will take the arrows from ALL sides every day for YOU, the American people.” Donald J. Trump 45th President of the United States. MAGA…
Russia Probe Now Under Criminal Investigation
Thursday it was announced that the investigation into the corrupt actions of the Democratic party resulting from the failed “Russia probe,” to undermine the Trump campaign and subsequently, the Trump administration, has now been labeled a “criminal investigation.” Attorney General Barr and Inspector General Durham now have the power to empanel a grand jury and issue subpoenas in their search for the truth. It is view that the dominoes in this ongoing scam against the American Republic and her citizens, will begin to fall and that all the dishonest people involved will be brought to justice.
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