US Raw Steel Production Rose 1.1% Last Week US raw steel production rose 1.1 percent last week as mills operated at an ACUR of 75.9 percent. In the corresponding week last year mills operated at an ACUR of 72.1 percent. On the year mills have produced approx. 37,000,000 tons at an ACUR of 71.9 percent [...]
The Seattle Seahawks spanked the Denver Bronco’s in Super Bowl 48 yesterday evening 43-8. Nothing more to say about that one…. President Barack Obama was interviewed prior to the game by Fox News’ Bill O’Reilly. Mr. O’Reilly asked pointed questions about Benghazi, the IRS, why Sibelius has not been fired etc., you know, all the [...]
Welcome to the View, we have much on our plate this week so let’s roll: From the Federal Reserve Bank of Chicago The Midwest Economy Index (MEI) increased in August over July. The relative MEI rose to +0.73 in August from +0.45 in July. Augusts’ from Augusts’ value for the relative MEI indicates that Midwest [...]
Correction: Last week I reported the ISM numbers for July and though correct, I previously reported those July numbers early in August. I do not know why the July numbers came to my inbox on Friday but they did. Anyway, ... Institute for Supply Management Report on Business for August, issued Tuesday September 3, 2013 [...]
The Institute for Supply Management June Report on Business Economic activity in the manufacturing sector expanded in June following one month of contraction, and the overall economy grew for the 49th consecutive month. The Purchasing Manager Index (PMI) registered 50.9 percent; an increase of 1.9 percentage points from May’s reading of 49 percent, indicating expansion [...]
I had the pleasure of attending a political fundraiser Tuesday at the Union Club in downtown Cleveland. I was privileged to meet Senator Rob Portman, former Governor George Voinovich and my state Senator John Eklund, among others. Consensus seems to be that the Republican party is broken and in need of repair in many areas. [...]