Chicago Business Barometer at Highest Level Since 2011
The Chicago Business Barometer at its highest level since 2011, rose to 67.6 in December.
On a calendar quarter basis, the Barometer rose to 65.9 in Q4 from 61.0 in Q3, the best quarterly performance since Q1 2011 and only the second time in the last decade there have been 3 consecutive above 60 readings in the Oct-Dec period.
On Thursday morning, the Dow Industrials crossed the 25,000 level for the first time…
US Raw Steel Production Crept Up
US raw steel production crept up 1.2 percent last week as mills operated at an ACUR of 73.7 percent. In the corresponding week last year mills operated at an ACUR of 67.8 percent. Thru December 23 mills produced prox 88,000,000 tons compared to the prox 85,000,000 tons produced in the like period of 2016.
Construction Spending Rose in November 2017
Construction spending during November 2017 rose 0.8 percent above Octobers’ spend rate. The November figure is 2.4 percent above the November 2016 estimate. During the first eleven month of 2017 construction spending was 4.2 percent above the same period in 2016.
December 2017 Manufacturing ISM Report on Business Reports Overall Economy Grew for 103rd Consecutive Month
The Institute for Supply Management (ISM) released its December 2017 Manufacturing ISM Report on Business and reports economic activity in the manufacturing sector expanded in December and the overall economy grew for the 103rd consecutive month.
The report was issued on Wednesday by Timothy R. Fiore, CPSM, CPM, Chair of the institute for Supply Management (ISM) Manufacturing Business Survey.
The December PMI registered 59.7 percent, an increase of 1.5 percentage points from the November reading. The New Orders index increased 5.4%, the Production Index increased 1.9%, the Employment Index rose 2.7%, the Inventories Index increased 1.5%.”
Comments from the panel reflect expanding business conditions with new orders and production leading the gain.
A lazy week after the Christmas and New Year holidays. I hope you all had a good week re-adjusting to work, now that that is over, we can get back to business of making money, bright and early Monday morning…
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform XX Entitlement Reform
Business Tax Reform XX Education Reform X
Healthcare Reform Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor XX Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS XX Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“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.
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.”