LEI Has Fallen for Over a Year
LEI has fallen for over a year. The Conference Board Leading Economic Index for August 2023, declined by 0.4 percent, following a decline of 0.3 percent in July.
With August’s decline, the US Leading Economic Index has now fallen for nearly a year and a half straight, indicating the economy is heading into a challenging growth period and possible recession over the next year,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at the Conference Board.” The leading index continued to be negatively impacted in August by weak new orders, deteriorating consumer expectations of business conditions, high interest rates, and tight credit conditions.
US Raw Steel Production Up from Prior Week
In the week ending 9/16/23, US raw steel production was 1,733,000 net tons at an ACXUR of 76.2 percent, up 0.7 percent from the prior week ending 9/9/23.
US Drill Rigs Running Up from Previous Week
There were 641 drill rigs running in the US last week, up 9 rigs from the previous week, and down 122 rigs from one year ago. Canadian drillers added 8 rigs, to 190, which is down 21 rigs from one year ago.
September 2023 Manufacturing Activity Declined Overall
The Federal Reserve Bank of Philadelphia released its September 2023 Manufacturing Business Outlook Survey results which reports manufacturing activity in the region declined overall, according to firms responding to the survey. The survey’s indicators for general activity, new orders, and shipments returned to negative territory after turning positive in August. Most future activity indicators improved, suggesting more widespread expectations for overall growth over the next six months.
The United States Senate has bowed down to Pennsylvania Senator John Fetterman and has eliminated the dress code for this chamber of Congress. Fetterman is a joke, he should not be anywhere near an elected office, nor should the Senate make this change on his behalf. You are (somehow) a United States Senator and should dress and behave like one. Wearing shorts and hoodies are clearly an offense to the office, plus that clothing is for gym people and it is quite obvious he has never seen the inside of a gym. This is the bullshit we start the week with? It is amazing to me.
Attorney General Merrick Garland is a blatant liar, a crooked employee of the US government and a diabolical leftist. Under scrutiny by the House Oversight Committee all day on Wednesday, he managed to answer NO questions, but deflected or put the onus on other departments or people. His choice for Special Counsel in the Hunter Biden case was done so the Justice Department could avoid accountability. Everything is under David Weiss’ control. If he is not in Biden’s pocket, along with Garland…well, you know. Our government is so obviously corrupt-at the top, that we act like a third world dictatorship. This all has to change, or the blessings of our country will be lost.
On Wednesday, 10,000 illegals crossed the Mexican border into Eagle Pass, Texas. It is on video, yet the Marxist Democrats insist the border is closed, but anyone with eyes can see the flow of illegals continue every single day. The Marxist Democrats insist the immigration system is broken (it is not, the laws are NOT being enforced), some Marxist Democrats blame Republicans for continually talking about open borders. Huh? Why would conservatives ignore it? Our country has been and continues to be, invaded by illegal immigrants, the Biden administration does nothing to stop this. This week the administration granted work permits to nearly 500,000 Venezuelan illegals. Furthermore, these people are coming from all over the world, you can rightly assume that terrorists have made their way in and are, at this moment, plotting terror on our country.
Senator Bob Menendez (D-New Jersey) and his wife have been indicted again. You may recall he was acquitted by a hung jury for the same crimes back in 2017. The FBI found nearly $500,000 in cash at his home, stuffed in jacket pockets, suit pockets etc. in envelopes with his name emblazoned on the front. Additionally, they found around 6.5 pounds of gold bars, and a Mercedes Benz, all apparently given in return for favors to the government of Egypt. The thief will not get away with it this time.
“MAKE AMERICA GREAT AGAIN”
“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.”