Leading Economic Index Jumped 0.5% in January
The Conference Board Leading Economic Index jumped 0.5% in January, beating consensus estimates.
Led by improvements in personal consumption-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.66 in January from +0.41 in December. All four broad categories of indicators used to construct the index made positive contributions in January. The index’s three-month moving average, CFNAI-MA-3, decreased to +0.47 from +0.60 in December.
Manufacturing Activity Continued to Improve in February 2021
The Federal Reserve Bank of Richmond released its Fifth District Manufacturing Survey for February and reports manufacturing activity continued to improve in the month. All three component indexes-shipments, new orders and employment remained firmly positive.
No Change in US Drill Rig Count
There was no change in the US drill rig count last week, operating rigs remaining at 397, down 394 rigs from one year ago. Canadian drilling dropped by 4 rigs to 172, down 4 rigs from the previous week, 72 rigs from one year ago.
US Raw Steel Production Up 0.1% From Previous Week
In the week ending February 20, US raw steel production was 1,745,000 net tons at an ACUR of 77.0%, up o.1 percent from the previous week.
The Senate Does Not Control the Weather
I do not know what the US Senate was doing during the weather crisis in Texas or what they could have been doing. The senate does not control the weather, nor does it control the electric grid in the Lone Star State. So, Senator Ted Cruz took off with his daughters to escape the storm. The left is making calls for him to resign! Are you kidding me? He has been the subject of leftist vilification for a week now. But it was fine for a teacher to get caught in Los Cabos while encouraging the Teacher’s Union members to stay off the job, for governor Newsome to enjoy a maskless dinner with friends at a high end French restaurant, for Pelosi to get her hair done while salons were shut down, same for mayor Lori Lightfoot. What did they want the senator to do? Heat the frozen windmills himself? The assault by the left on our republic is nauseating to me.
No Glory for Hate Act
This past month, a leftist Congresswoman introduced a bill named “No Glory for Hate Act“, aimed naturally, at President Trump, but not naming him. The bill would ban any president who had been impeached twice (there is only one, DJ Trump) from having any federally funded statues, monuments, streets, boulevards, park benches etc…you name it, named after such individual. IT would also bar him from being buried at Arlington National Cemetery. Absolutely ridiculous, in my view.
Shakespeare Reinterpreted as Racist
Did you know the writings of William Shakespeare are thought to be “white supremacist” in nature? The left is trying to ban his literature in our schools and universities.
Where is all this white supremacy? I must ask again. We have had a black president, we have black, Latino, Asian and women senators and congresspeople, attorney’s, police chiefs, mayors, governors, generals, professors, sports figures. The list goes on and on. Why do people listen to this horse shit? All the supposed racism and white supremacy exists only in the heads of the idiots on the left and they do it to control uninformed people in order to foment division, making false promises they do not keep, all in order to get votes to maintain power, which is their end game.
Potato Head Family
Hasbro Toy Company is removing the name of the toy “Mr. Potato Head” for not being gender neutral! The progressive leftists have too much time on their hands. Maybe they should get a fucking job and go to work every day like the rest of us. I am 70 years old and that toy has been around since my childhood, at least.
Geddert Takes Life After Sexual Misconduct Charges
Former US Olympic coach, John Geddert, was indicted Thursday on sexual misconduct charges with young Olympian athletes. He was buddies with the other coach, Nasser who is already in jail for the same charges. The coward pervert committed suicide in the afternoon and is now burning in the fires of hell.
“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.”