Existing Home Sales Rose 20.7% in June US existing home sales rose 20.7 percent in June as low mortgage rates and re-openings around the US helped push sales up from May. CFNAI Increased in June Led by improvements in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +4.11 in [...]
Texas Factory Activity Rebounded Strongly Texas factory activity rebounded strongly, according to the Federal Reserve Bank of Dallas released its Texas Manufacturing Outlook Survey for June and the business executives responding to the survey. The Production Index, a key measure of manufacturing conditions, climbed from -28.0 to 13.6, indicating moderate expansion in output. Other measures [...]
Surging New Home Sales in May Surging new home sales once again blew past expectations, rising 16.6% in May to a 676,000-unit pace. May consumer spending rose a record 8.2%, a sign the US economy is growing again. Fifth District Survey of Manufacturing Activity Reports Steady The Federal Reserve Bank of Richmond released its Fifth [...]
Record US Retail Sales in May Record US retail sales rose to 18% in May. Total spending remained below pre-pandemic spending...but it is certainly headed in the right direction. June Manufacturing Business Outlook Survey Reports Positive Indicators The Federal Reserve Bank of Philadelphia released its June Manufacturing Business Outlook Survey and reports current indicators for [...]
Small Business Optimism Index ROSE in May The NFIB Small Business Optimism Index ROSE 3.5 points to 94.4 in May. As expected, it remains below its level prior to covid, but the forward-looking components are improving as the economy re-opens, also as expected. Racism… I will confidently say that the great majority of Americans are [...]
The US Jobless Rate FELL and Payrolls Rose in May The US jobless rate FELL to 13.3% in May and payrolls rose by 2.5 million as signs suggest jobs are returning. WSJ US Raw Steel Production UP 1.3% from Previous Week In the week ending May 30, 2020 US raw steel production was 1,206,000 net [...]
A beginning of positive news from the Forging Industry Association (FIA) Economic Update 5/27/20 How Goes the May Rebound? Since the start of the pandemic and the decision to impose an economic lockdown as the only means left by which to control the outbreak, it has been assumed that May would be the make or [...]
Memorial Day Weekend This Memorial Day weekend, let us pause to remember and say a prayer for all the young men and women who through the course of our history, have made the ultimate sacrifice giving their lives and limbs to preserve the freedoms we enjoy as Americans. They deserve our unwavering respect and honor. [...]
Closed Economy Consequences - Disaster People are starting to get it. A closed economy consequences are a recipe for disaster. People need to work to provide for their families. Businesses need to operate for people to work. This bullshit of keeping everything shutdown is a leftist scam. Mark my words, this is a strategy by [...]
My Views According to the Article 1 branch of the Constitution; Section 5 Neither House, during the Session of Congress shall, without the Consent of the other, adjourn for more than three days, nor to any other place than that in which the two Houses shall be sitting." I am assuming the Democrats do not [...]
