The Empire State Manufacturing Survey for January Shows Business Activity Declined at the Fastest Pace Since 2008 The report indicates that New York manufacturers' business activity declined at the fastest pace since 2008…The Great Recession. The new orders and shipments indexes plummeted, indicating a steep decline in both orders and shipments. US Raw Steel Production Rose US raw [...]
Happy Spring Folks….the hills are alive….March came in like a lion….. And it looks like it will go out as a lion here in northeast Ohio…but it IS spring and things can only get better. Rushin' Borders Vladimir Putin moves 20,000 troops in to Crimea, forces a positive referendum vote for the people to secede [...]
Obamacare This “law of the land” has been amended 28 times already by the Obama administration in order to fit its agenda. If I am not mistaken, laws approved and enacted by the Congress also require an act of Congress to amend. This administration changes written law as it sees fit. It is just ridiculous. [...]
The Chicago Fed National Activity Index (CFNAI) Released Tuesday 11/12/13, the index increased to +0.14 in September from +0.13 in August. The Index’s three month moving average (CFNAI-MA3) increased to -0.03 in September from -0.15 in August, marking its seventh consecutive reading below zero. September’s CFNAI-MA3 suggests that growth in national economic activity was slightly [...]
Monday September 16, 2013 another tragedy in America 12 people murdered at the Navy Yard outside Washington, DC. The shooter was killed though now it is unlikely we will learn of his twisted motivation to commit such a cowardly act on innocent people. How did he get past security? He had a couple of firearm [...]
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 [...]
We begin the week’s news with a slide in raw steel production. Mills last week operated at an average capability utilization rate (ACUR) of 77.7 percent, down from the previous week. In the corresponding week last year mills operated at an ACUR of 76.3 percent. Thus far this year mills have operated at an ACUR [...]
Last Friday (2/15) the Board of Governors of the Federal Reserve system issued a revision to the January 2013 industrial production numbers which showed a contraction of 0.1 percent after having risen 0.4 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production as a whole, is now [...]
Happy days ... today marks the first day of winter. We have not had any measurable snow in Cleveland yet this season, however, a strong storm is bearing down on us from the plains. It is likely we will get snow today and through the weekend. The good news is now the days will begin [...]