Thanks to All Our Friends, Customers and Vendors
As we enter the Holiday Season and move toward the end of 2019, I give thanks to all our friends, customers and vendors for their support throughout this and every year. We all have very much to be thankful for, number 1 is the blessing of being born in the United States of America or, being one of the many who have sought and attained their citizenship in this great land. Though many choose to erase our history, they cannot. This country has a great and rich history, has it all been pretty? Certainly not but look at who we are as a nation. Our freedom, our strength, our charity, the envy of the world. It is very delicate and needs to be protected and preserved for all generations.
On Friday the 15th, the DOW Industrials closed above 28,000 for the first time.
This is a sign that there is NO recession imminent. As you know, the stock market hates uncertainty. That being said, the continuing rise in the stock market leads one to believe that the farce of the impeachment hearings will end up being another big zero for the left and the odds of another term for President Trump are increasingly good. There is much positive work to be done by this administration. If people would just take the time to think, they would realize how destructive a socialist Democrat victory would be to this country. Do not believe the polls, stay the course, let us continue to get our great country back on the right path.
Empire State Manufacturing Survey for November 2019 Reports Little Change
The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for November 2019 and reports business activity was little changed in New York State, according to firms responding to the survey. The headline general business conditions index came in at 2.9, roughly in line with its level in October. New orders increased slightly and shipments grew modestly with employment continuing to expand. Optimism about the six-month outlook remained subdued while capital spending plans picked up markedly.
US Raw Steel Production at ACUR 81.1%
In the week ending November 16, 2019 US raw steel production was 1,876,000 tons at an ACUR 81.1%.
Thus far this year mills have produced prox 85,337,000 net tons compared to the prox 83,387,000 tons produced in the like period last year.
Housing Starts and Existing Home Sales Rose in October
Housing starts rose 3.8% in October to a 1.314-million-unit pace and single family starts rose for the fifth consecutive month as home building gradually gains momentum.
Existing home sales rose a solid 1.9% during October as lower mortgage rates continue to boost sales, which are up 4.6% thus far this year.
US Drill Rigs Running Down from Prior Count
There were 806 drill rigs running in the US last week, down 17 rigs from the prior count and down 276 rigs from the same period last year. Meanwhile, Canadian drilling dropped by six rigs o 134, down 63 rigs from the same period last year.
November 2019 Manufacturing Business Outlook Survey Reports Continued Growth
The Federal Reserve Bank of Philadelphia released its November 2019 Manufacturing Business Outlook Survey and reports manufacturing activity in the region continued to grow. The survey’s broad indicators remained positive, although movements were mixed. The indicator for general activity increased while those for new orders, shipments and employment decreased from October. The survey’s future activity indexes remained positive, suggesting continued optimism for growth for the next six months.
Conference Board LEI Declined Again in October
The Conference Board Leading Economic Index (LEI) for the US declined 0.1 percent in October to 111.7 following a 0.2 percent decline in both September and August.
The US LEI declined for a third consecutive month and its six-month growth rate turned negative for the first time since May 2016. The decline was driven by weakness in new orders for manufacturing, average weekly hours and unemployment insurance claims,” said Ataman Ozyildirim, Senior Director of Economic Research at the Conference Board. “The major difference this month is the softening in the labor market, whereas conditions in manufacturing remain weak and show no signs of improvement yet. Taken together, the LEI suggests that the economy will end the year on a weak note, at just below 2% growth.“
It has been 20 months since consumer sentiment peaked in this cycle, but the bottom has NOT fallen out. SOLID gains in household finances are still on track to sustain spending going into the crucial holiday season. The Michigan Index of Consumer Sentiment climbed slightly, though it remains below its pre-trade war peak, reached in March of 2018. Wells Fargo
Let’s be blunt here for a minute about the so called “impeachment inquiry.” For three years now the Democrats have spent all their time and energy trying to pin something, anything, on the president which could be used for impeachment. To this point, every accusation has been debunked by the truth. We have had Russian collusion, we have had charges of racism, charges of misogyny, acts against the emolument’s clause in our Constitution, “quid pro quo,” and now bribery. Nothing has come of any of these charges.
In the meantime, Joe Biden, who is actually on video describing his coercion of the Ukrainian prosecutor who was investigating his son’s employment, being hired and placed on the board of Burisma, an energy company, in an industry of which he knows nothing and subsequently being paid tens of thousands of dollars on a monthly basis…but to the Democrats, this is ok. How is that even remotely possible? Where is the outrage? Where is truth in journalism?
Our president tries to find out what Ukrainian corruption existed in general and any of the deals (and it is obvious from known facts there was with Joe Biden, whether he is running for president or not) tied to Joe and Hunter Biden yet these clowns are trying to impeach the president! This is like a bad movie. The hearings are a farce, the witnesses spew opinion, but no facts. Adam Schiff is a runt and an embarrassment to the Congress of the United States. So, in the end, the idiots will get their way and the House of Representatives will impeach the 45th President of the United States.
I also believe that the motion will die in the Senate BUT the damage three years of lies and innuendo have taken on the country could alter the outcome of the 2020 general election (which is what the left wants, isn’t it?). Mark my words here today folks, if the Democrats take control of power in this country, we are fucked. The damage they will do to this country in a single four-year term will likely take decades to repair.
How far back did we retreat with two terms of Obama? Many think he “walked on water,” but the reality of the damage he did is indisputable…the numbers don’t lie. Speaking of numbers, look at Trump’s numbers in the last 3 years as they are nothing short of impressive.
Back to the “fake news” impeachment inquiry: On Wednesday Ambassador Sondland testified that it was “a presumption” on his part that the military aid to Ukraine was tied to investigations requested by president Trump. Again, all this testimony and the accusations resulting from them have been the result of “hearsay” or “presumption.” There have been no solid facts presented in all of this, yet the democrats feel “they finally got” the president. More bullcrap.
As an American citizen, how do you want our country to move forward for you and your family:
SECURE BORDERS? OPEN BORDERS?
MORE GOVERNMENT? LESS GOVERNMENT?
A STRONG MILITARY? A WEAK MILITARY?
LESS TAXATION? MORE TAXATION?
LESS GOVERNMENT REGULATION? MORE GOVERNMENT REGULATION?
FAIR TRADE AGREEMENTS? QUID PRO QUO TRADE AGREEMENTS?
PROPER CARE FOR OUR VETERANS? DON’T CARE FOR OUR VETERANS?
MERIT BASED IMMIGRATION? THE SHIT WE HAVE NOW?
RESPONSIBLE HELP FOR THE POOR? THROW MONEY AT THE PROBLEM?
TEACH AMERICAN HISTORY TO OUR CHILDREN? ERASE AMERICAN HISTORY?
RESPECT OUR FLAG? DON’T GIVE A SHIT?
SAY THE PLEDGE OF ALLEGIANCE IN SCHOOL? WHAT IS THAT?
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”
“KEEP AMERICAN GREAT”
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.”</blockquote