LEI weakened in January
LEI weakened in January, declining 0.3% following an upwardly revised 0.1% increase in December according to The Conference Board Leading Economic Index.
Consumers’ assessments of future business conditions turned more pessimistic in January, which alongside fewer weekly hours worked, drove the decline.” Said the Conference Board’s Justyna Zabinska-LaMonica.
Manufacturing orders have almost stabilized after weighing heavily since 2022. The LEI’s six month and annual growth rates trended upwards, signaling milder obstacles to economic activity ahead.
Empire State Manufacturing Survey reports business activity edged higher in February
The Federal Reserve Bank of New York released its Empire State Manufacturing Survey results and reports business activity edged higher in New York State in February. The headline general business conditions index climbed eighteen points to 5.7, new orders and shipments grew moderately. Delivery times were slightly longer, inventories continued to expand modestly. Though firms expect conditions to improve over the next six months, optimism about the outlook dropped significantly.
US raw steel production down from previous week
In the week ending February 15, 2025 US raw steel production was 1,670,000 net tons at an ACUR of 75.0 percent, down 0.3 percent from the previous week ending February 8, 2025.
Adjusted year-to-date production through February 15, 2025 was 10,879,000 net tons at an ACUR of74.3 percent.
Manufacturing Business Outlook reports manufacturing activity continued to expand
The Federal Reserve Bank of Philadelphia released its February 2025 Manufacturing Business Outlook Survey results and reports manufacturing activity in the region continued to expand. Although the survey’s indicators for current general activity, new orders, and shipments declined, readings remain elevated. The firms continue to expect growth over the next six months.
Headline News
The so called “democrats” are losing their minds with Trump and Musk. “Hitler,” “dictator,” and whatever nasty things they can think of. I find it disturbing that trying to eliminate waste, fraud and abuse from the federal government is so distasteful to them. Why do you suppose that is? Because their years of waste, fraud and abuse is finally being exposed. Of course. Harry Truman once said something to the effect of “any politician who becomes a millionaire while in office, is a crook.” Truer words were never spoken.
These idiots have not learned one thing from the thrashing they took in November’s general election. They keep this crap up, against the will of the people, and they will not win an election for many years, which is as it should be. They do nothing positive for the country, and in fact they are a detriment. In my 74 years I have never seen Americans (?) behave in such a rude and distasteful manner. When Jesus entered the Temple in Jerusalem and called it a “den of thieves,” he could well have been speaking about people such as this.
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.”
