Recession Concerns Diminishing Somewhat
Recession concerns diminishing somewhat suggests a Wells Fargo statement.
Small business optimism bested expectations in July, notching its third consecutive improvement. The fact that small firms’ economic outlooks continue to improve despite recent macroeconomic headwinds suggests that recession concerns may be diminishing somewhat.” Wells Fargo
I must disagree with this. You cannot print all the money we have, severely curtail oil and gas supply and force the citizenry to comply with the green new deal horse shit, along with all the other nonsense this administration has done to damage our economy without consequences. The train is still headed for us, in my view.
US Raw Steel Production Down from Previous Week
In the week ending 8/5/2023, US raw steel production was 1,727,000 net tons at an ACUR of 75.9 percent. This is down 1.3 percent from the previous week ending 7/29/23.
US Drill Rigs Running Down from Previous Week
There were 659 drill rigs running in the US last week, down five rigs from the previous week, down 105 rigs from one year ago. Canadian drillers also shut down five rigs, to 188, down fifteen from one year ago.
All Items Index Increased Before Seasonal Adjustment
The Consumer Price Index for All Urban Consumers rose 0.2 percent in July on a seasonally adjusted basis, the same increase as in June. Over the last twelve months, the all items index increased 3.2 percent before seasonal adjustment.
On Monday, I attended a political fund-raiser put on by a customer of ours. I was pleased to see Bernie Moreno, who is running for Sherrod Brown’s Senate seat in Ohio. You might recall Bernie and his wife Bridget, made a visit to our offices a month or so back. Also, there was Senator J.D. Vance and we were surprised when Kari Lake showed up. A splendid time was guaranteed for all…
Information on the Biden crime family continues to surface; on Wednesday it was reported that the Biden bank records were released to the House Oversight Committee, they found some $20 million in fund transfers into Biden bank accounts. Of course, the Marxists call it a nothing burger… how long will this nonsense continue?
The prosecutor, David Weiss, who slow-walked the Hunter Biden investigations (some for so long, the statute of limitations ran out and charges cannot be brought. Do you think that was not planned?) has been appointed Special Counsel to the Hunter Biden investigations. A special counsel is to be appointed from outside the government, I am hoping the appointment by the crook, Merrick Garland, will be thrown out. They must really think we are stupid, unfortunately, many people are.
“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.”