Raw Steel Production Rose 0.4 Percent
US raw steel production rose 0.4 percent last week as mills operated at an ACUR of 69.8 percent. In the corresponding week last year mills operated at an ACUR of 70.5 percent. Thus far this year mills have produced prox 64,000,000 tons, down from the prox 65,000,000 tons produced in the like period last year.
The Chicago Fed National Activity Index (CFNAI) Report
Led by declines in production-related indicators, the CFNAI fell to -0.55 in August from +0.24 in July. The index’s three month moving average (CFNAI-MA3) ticked up to -0.07 in August from -0.09 in July. August’s CFNAI-MA3 suggests that growth in national economic activity was slightly below its historical trend.
What do the numbers mean? When the CFNAI-MA3 value moves below –0.70 following a period of economic expansion, there is an increasing likelihood that a recession has begun. Conversely, when the CFNAI-MA3 value moves above –0.70 following a period of economic contraction, there is an increasing likelihood that a recession has ended. When the CFNAI-MA3 value moves above +0.70 more than two years into an economic expansion, there is an increasing likelihood that a period of sustained increasing inflation has begun.
The Conference Board Leading Economic Index Report
The LEI in the US declined 0.2 percent in August following monthly increases in June and July.
While the US LEI declined in August its trend still points to moderate economic growth in the months ahead.”
Attacks in New York, New Jersey and Minnesota over the weekend just past, injured nearly forty innocent Americans:
Police said a man dressed as a security guard injured nine people in knife attacks at a St. Cloud, MN shopping mall. Naturally he was screaming references to Allah while slicing away. Ironically, this has not been labeled an act of terror. The perp was identified as a Somali American. This can’t be terror…
In New York, authorities were searching for a bomb maker who set of a blast in Manhattan Saturday which injured 29.
In New Jersey a pipe bomb was detonated prior to a charity run for the Marines and the Navy at a seashore resort. Fortunately the start of the race had been delayed and no one was injured.
Of course our government has thus far refused to name any of these as acts of terror, though the 28 year old, Ahmad Khan Rahami (an Afghan immigrant), the source of the Manhattan bombing, has now been linked to all three incidents. Go figure. I suspect this dirt bag is a radicalized Muslim.
Trump immediately spoke out about the Manhattan bombing, Hillary criticized him for saying it was a bomb and not an explosion…before she said it was a bomb.
Rahami’s Father Warned the FBI
The FBI was notified two years that this idiot Rahami was a radical…by his father! This is not the first time these sleaze bags have slipped through the cracks. The piece of shit who perpetrated the San Benardino massacre had also been under surveillance but nothing was done (and I am sure there are more instances).
In a politically correct atmosphere such as we are currently in, our law enforcers have been rendered useless. This nonsense must stop. Any American citizen known to have traveled to the Middle East on one or more occasions should be extensively questioned by the FBI…each time they leave and return. We are going to have to do some profiling to try and stop the useless massacre of American men, women and children. It’s enough already.
A Fart in Church
Meanwhile, Obama had the nerve to say this weekend that “I will take it as a personal insult if African Americans do not come out in droves” to vote for Hillary in November. Is that a racist statement? Can and/or should the president invoke race in his political rhetoric? Should Hillary or Trump say the same about white people? That it would be an insult to them personally if white Americans didn’t come “out in droves to vote” for them ? That would go over like a fart in church.
In its inimitable manner, the US government this week accidentally granted US citizenship to some 800 people who were scheduled to be deported. This is stunning! And the progressive liberals want the government to run everything…. Obamacare is a failure, the US Postal Service is a failure, the entitlement menagerie is a failure and on and on and on. Total incompetence….
It has come to light that ISIS has fired mustard gas weapons at United States troops. This is bullshit. We have been pussyfooting around with these bastards since the anointed one called them the JV. Chemical weapons fired on our troops! It is time to burn these bastards into oblivion. You cannot reason with them as they do not accept reason. They are a cancerous tumor on the planet and this tumor must be cut out and removed entirely and when we gain knowledge of another terrorist group on the rise, as will surely happen, we must destroy them and all the radicals that come after them.
They have been rioting in Charlotte, NC for two days now (it is Thursday PM) and no end in sight, this after a black man was shot and killed on Tuesday. Looting, destruction of property, harm to citizens and law enforcement officers continues unabated. Though I have not personally heard the name “black lives matter” as being there or an instigator in all this nonsense, someone IS inciting to riot. The problem is, the police officer is also a black man, so what is the justification for this violence?
In my view all this talk of racism is being promoted by the liberals, progressives and democrats. Listen to any ad Clinton has put out, they are full of accusations of racism, sexism, misogyny, Islamophobia, xenophobia etc etc. You name it, any way they can think of to compartmentalize the electorate in order to gain votes is fair game to these assholes. This incites people to violence and rioting. It is wrong of the politicians to foment unrest in order to further their own agenda. It is bad for the people, it is bad for America. And more greatly, the charges are false.
“MAKE AMERICA GREAT AGAIN”
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.
Remember these tidbits as the election cycle grinds on:
- Fast & Furious-Americans killed by guns supplied to the drug cartels…by the Department of Justice-Eric Holder presiding. The president was clueless. No one held accountable
- Benghazi: Four Americans killed in an assault described as the result of a viral video. This was proved to be a false narrative. This was in fact, a planned act of terror. The president was clueless. No one even knows where he was as this went down. No one held accountable
- “At this point, what difference does it make?” Hillary Clinton as Secretary of State
- The IRS targeting of conservative groups and individuals. No one held accountable, Lois Lerner is on paid vacation and has refused to testify. The president was clueless. No one held accountable
- Hillary using a private server for correspondence during her term as Secretary of State against the orders of the president. She thought “it would be more convenient…” Though the records were due when she left office, they were not submitted, subpoenas were issued, which she ignored for two years. Finally, she released 30,000 of some 60,000 alleged emails then she deleted the rest of the emails and will NOT turn over the server for investigation.