On Friday the government released its third and final estimate of GDP for the 2nd quarter of 2014. It showed GDP in the April, May, June quarter increased at an annual rate of 4.6%. That’s pretty solid growth.
This is not the best way to start the week economically:
Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.21 in August from + 0.26 in July. The index’s three month moving average (CFNAI-MA3) decreased to +0.20 in August, marking its sixth consecutive reading above zero. August’s CFNAI-MA3 suggests that growth in economic activity was somewhat above its historical trend.”
That’s all fine and good…except the CFNAI-MA3 peaked in June and has been sliding toward zero for the past two months. A reversal would be very nice.
Wall Street Journal 9/25
US raw steel output rose 0.5 percent last week from the previous week as mills operated at an average capability utilization rate (ACUR) of 78.6 percent. In the corresponding week last year mills operated at an ACUR of 78.3 percent. Thus far this year mills have operated at an ACUR of 77.3 percent.
From the US Census Bureau/US Commerce Dept: Advance Report on Durable Goods:
New orders for manufactured durable goods in August decreased 18.2 percent. This decrease following two consecutive monthly increases followed a 22.5 percent July increase. There is a net gain in there.
Inventories of manufactured durable goods in August, up 16 of the last 17 months increased 0.4 percent.
Shipments of manufactured durable goods in August decreased 1.5 percent following two consecutive monthly increases.
Unfilled orders for manufactured durable goods in August, up 16 of the last 17 months, increased 0.6 percent.
Non-defense new orders for capital goods in August decreased 36.3 percent.
Defense new orders for capital goods increased 5.4 percent.
Busted in Virginia with an axe in his car, a sniper rifle and a map of the DC airport in July- he was released.
In August he jumped the south wall at the White House-somehow he was released.
September 19, 2014-he jumped the wall at the White House again-caught with a pocket knife, there were 800 rounds of ammo, a machete and hatchets in his car-no forearm was found. He is in jail now. He told a Secret Service Officer that he was concerned “the atmosphere was collapsing and needed to get the information to the president of the United States so that he could get the word out to the people.” Where in the hell is the security that we pay for surrounding the White House???
The US struck Islamic state terrorists in Syria the Pentagon announced Monday night, expanding a campaign against the group and making good on a pledge to attack its safe haven. Using US Navy Tomahawk cruise missiles and Air Force fighter planes, including stealthy F-22’s, the US carried out strikes against more than a dozen targets inside portions of Syria controlled currently by islamic state terrorists, officials said.”
Additionally, US forces bombed infrastructure used by Al-Qaeda affiliate Khorasan (see? Weeds-kill them wherever they pop up) whom intelligence said was planning attacks on the United States. US officials said they believe some leaders of both Islamic state and Khorasan were killed in the bombings. Let the sand turn to seas of red with their blood, lousy barbarian bastards.
Egyptian president Sisi pledged his support for the US war against Islamic state terrorists but called on President Barack Obama to widen his campaign against extremism well beyond Iraq and Syria. Sisi, in his first interview since taking power in June also cautioned the administration against “washing its hands” of the middle east at a time when the regions borders are in flux and the threat of terrorism is growing with the instability. SOB’s…they all hate (more likely they are envious of our freedom and prosperity) the United States but where do they turn when the shit hits the fan??
While leaders met at the UN the Pentagon said US and Arab warplanes carried out a new wave of strikes on extremist (I say “terrorist group”) group Islamic state in Syria, emphasizing regional support for the latest expansion of the air campaign against the group. Heads of state recoiled at a new terrorist video showing the beheading of a French hostage.”
This brutal murder was committed by a self-proclaimed Islamic state ally called Jund-al-Khilafah in Algeria (more weeds).
On Thursday Eric Holder, US Attorney General announced his resignation (a good thing in my view) stating he will remain on until a successor is named. Remember Fast & Furious? Remember how, when conservative groups applying for tax exempt status were targeted by the IRS? The emails sent to the Justice Department disappeared into the quagmire. I could list more instances of Mr. Holder explicitly turned the Justice Department into a political weapon. Good riddance….
Friday afternoon: Some sicko radical Muslim outside of Oklahoma City IN OUR UNITED STATES was attempting to convert his co-workers to Islam. A woman refused and he beheaded her. Can you believe this shit? I told you they were here.
MARK YOUR CALENDAR TO VOTE ON NOVEMBER 4, 2014
Fast & Furious-providing weapons to criminals leading to a loss of American life. No one held accountable. The president was unaware.
The loss of 4 American lives at our embassy in Benghazi, Libya. No one held accountable. The president was unaware.
The IRS targeting conservative political groups for tax-exempt status. No one held accountable. The president was unaware.
The National Security Administration eavesdropping on the phone calls of American citizens. No one held accountable. The president was unaware.
The software program created for the Affordable Healthcare Act, at a cost of $1 billion (thus far) and 3 ½ years to “perfect”, has been unusable to the American people. No one held accountable. The president was unaware.
Spying on our Allies, specifically Angela Merkel of Germany. No one held accountable. The president was unaware. (Although these things go on knowingly between countries all the time, the fact that our president denies knowledge of this is just another sign of his incompetence as the leader of the most powerful country on the planet).
“If you like your current insurance plan you can keep it. Period” Barack Obama
“If you like your doctor, you can keep him. Period” Barack Obama
Have a great weekend and….
Hug your children and grandchildren, tell them you love them.
Buy American made products whenever you can.
Hire a Veteran: they are patriots, honest, hard working, disciplined, loyal…. and …. They need and deserve our support.
God Bless America