Supply/demand balance in manufacturing comes with appropriate tension levels between new orders and deliveries. According to the Institute for Supply Management (ISM) Manufacturing ISM Report on Business for August 2022. Economic activity in the manufacturing sector grew in August, with the overall economy achieving a 27th consecutive month of growth, say the nation’s supply executives inn the latest report.
The report was issued 9/1/22 by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee:
The August Manufacturing PMI registered 52.8 percent, the same reading as recorded in July. This figure indicates expansion in the overall economy for the 27th month in a row after contraction in April and May 2020. For a second straight month, the Manufacturing PMI figure is the lowest since June 2020, when it registered 52.4 percent.
The US manufacturing sector continues expanding at rates similar to the prior two months. New orders returned to expansion levels, supplier deliveries remain at appropriate tension levels and prices softened again, reflecting movement toward supply/demand balance.”
Texas Factory Activity Abated in August
The Federal Reserve Bank of Dallas released its August 2022 Texas Manufacturing Outlook Survey results and reports growth in Texas factory activity abated in August, according to business executives responding to the survey.
The production index, a key measure of state manufacturing conditions ticked down to a reading suggestive of very little change in output. Other measures of manufacturing activity signaled slower growth or declines this month.
US Raw Steel Production Down from Previous Week
In the week ending 8/27/22, US raw steel production was 1,747,000 net tons at an ACUR of 79.3 percent, down 0.5 percent from the previous week.
US Drill Rigs Running Up from Previous Week
There were 765 drill rigs running in the US last week, up 3 rigs from the previous week, up 257 rigs from one year ago. Canada’s operational drill rig count remains at 201 and has not changed in the past two weeks. The count of 201 is up 54 rigs from one year ago.
Our southern border remains wide open for anyone to enter this country. Gang members, murderers, rapists and other violent criminals. What benefit do they bring to our country? None whatsoever. Aside from the huge expense on the American taxpayer of caring for these people, which the dems like, is to change the political demographics of our country. Thing is, black folks and Hispanic folks are turning away from the Marxist democrats. Those here legally do not want this pollution in the USA, as does every other American.
The war in Ukraine continues…
It must be election season as all the Marxists pretend to have conservative values. On Tuesday, in a speech in Pennsylvania, the idiot in the Oval Office said “…the answer is not to defund the police, the answer is to fund the police.” What a lying hypocrite!
President Biden’s student loan forgiveness plan will mostly benefit the elites. The majority of loans are held by college graduates, who on average will make $1 million more in their lives than people who don’t have a degree. How did progressives-who claim to care about the poor and working class, about fairness and equity-end up pushing a bailout for the wealthy at working people’s expense?
Well, consider who progressives are-the whitest and most highly educated members of the democratic coalition. They are advancing their own economic interests, and there is nothing wrong with that. But they’re doing it under a false pretense, casting it as a moral battle for the indigent.
The green agenda fits the pattern too. Progressives zip around in Teslas, a symbol of both affluence and virtue, while union members in the energy sector lose their jobs.
Progressives push to release mentally ill drug addicts into working class communities where they prey on vulnerable people of color-while they themselves live in nice neighborhoods with astronomical rents, polishing their halos.
Student loan forgiveness isn’t an aberration. It’s the apotheosis of today’s progressivism, which is devoted to transferring wealth upward.”
By Batyar Ungar-Sargon, deputy opinion editor of Newsweek. WSJ 9/1/22
Gavin Newsom, governor of California has mandated that all cars purchased in California must be electric by 2035. Meanwhile, in the waning hot days of summer, he is asking Californians to turn their thermostats to 80 degrees, unplug unused appliances-and for God’s sake, do NOT charge your electric vehicle.
If these people get their green way, this horseshit will be coming to your neighborhood.
“The Maga Republican forces” are taking our country backward.” Joe Biden 9/1/22
What is this guy thinking? Who writes this crap for him? The speech for the “Soul of America” was a declaration of war on at least half of this country’s citizens. Once again, everything he accuses conservatives of doing is what these Marxists ARE doing. What “force” is burning and looting besides BLM and antifa? Don’t tell me January 6. If they ever investigate fully, they will find the FBI and complicit democrats at the root of the protest. No police officers were killed, as they like to say. One did die of a heart attack or stroke, he was not bludgeoned to death with a fire extinguisher, as they like to say. Only one person was killed, an unarmed female veteran. We still do not know who shot her or why. It would be very easy to take each one of his accusations and show the facts of where it is, in fact, the accused who are innocent, not the accusers, for they are guilty.
It is now confirmed that elements in the White House have and are bringing pressure to bear on large corporations to censor freedom of speech or anything “they” consider against what “they” want said. That is against the First Amendment to our Constitution. These are very bad people, un-American in all ways.
Today, Friday, is VJ Day, Victory over Japan, the day the Japanese accepted the terms of unconditional surrender to the United States, ending World War II. God bless our veterans, both the living and the fallen, for making the ultimate sacrifice in the name of freedom.
To those who labor (have a job and go to work every day) we extend our wishes that you enjoy a relaxing Labor Day weekend. To those punks who refuse to work and prefer to live off the governments’ spending of the taxpayer’s money to care for your raggedy ass. Go fu*k yourselves.
“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.”