USA Drill Rigs Running Rose by 10 Last Week to 491
The number of USA drill rigs running rose by 10 last week to 491, led by Texas, up by eight. At this time last year there were 885 American drill rigs (AMM) pulling black gold from the earth. We have got a ways to go but at least the numbers are rising.
Chicago Fed National Activity Index (CFNAI) Rose in July
Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.27 in July from +0.05 in June. The index’s 3 month moving average (CFNAI-MA3) increased to -0.10 in July from -0.19 in June. July’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.
US Raw Steel Production Dipped Last Week
US raw steel production dipped 1.8 percent last week as mills operated at an ACUR of 70.8 percent. In the corresponding week last year mills operated at an ACUR of 72.2 percent. Thus far this year mills have produced prox 57,600,000 tons compared to the prox 58,200,000 tons produced in the like period last year.
US Economy Grew at an Annual Rate of 1.1 Percent
According to the “second” estimate of real GDP for the 2nd quarter of 2016, the US economy grew at an annual rate of 1.1 percent. The advance estimate was 1.2 percent. And yet the Democrats continue to tell us everything is wonderful! Unbelievable!!!
Manufacturing Activity Declined in August
The Federal Reserve Bank of Richmond released its Fifth District Survey of Manufacturing Activity and reports manufacturing activity declined in August. New orders and shipments decreased while backlogs fell.
Talk about one set of rules for you and me and one set for the Clintons: A judge has ruled that Hillary must answer questions from Judicial Watch regarding her email fiasco. She will NOT have a face to face with her questioners (you cannot see the lies on her face if her answers are written) and will have 30 days to respond.
Judge Sullivan denied the group’s request to question Mrs. Clinton under oath, ruling that the group didn’t demonstrate that it was necessary and sparing Hillary a potentially embarrassing deposition (really?).
Conveniently, the questioning will take place soon, then a 30 day grace period to respond means her answers will not be made public until AFTER the general election in November. THE CLINTONS ARE EVIL AND TOTALLY CORRUPT. She, Bill and Chelsea should be banned from “serving” (stealing) in public office.
How nice of the Clintons to say Bill and Chelsea will stop soliciting donations if Hillary becomes president. This means those who seek favors have already donated and those who need favors but have not yet donated only have about 80 days to do so. What a joke!
Hillary’s got nothing to hide, right? She is running for president yet she has not held a press conference in well over 200 days. Nothing to hide-my ass. I am sick of this conniving, lying, cheating bitch.
What is wrong in America?
Here is one thing: A Florida school district is inviting parents to excuse their children from reciting the Pledge of Allegiance. These liberal, progressive morons who believe they can destroy the innate patriotism of the people in the United States of America are sorely mistaken. The more they push their nonsensical bullshit agenda on our children, on our citizens and our country, the more stubborn and determined we Patriots are becoming.
Patriots will take up arms and destroy them and their bullshit ideologies. Keep pushing, go ahead, but your time is over. We have had 8 consecutive long years of their crap, their ideas do not work, they are garbage. We do not want these commie pinko bastards on our soil, in our country, and we do not and will not accept their commie/socialist ideas.
We revere the Flag of our Fathers; we love the United States of America and all the good things she stands for. Patriots will continue to Pledge Allegiance to the Flag, we will teach our children and grandchildren to recite the Pledge, to honor the Flag and to destroy those who rail against her. They are useless turds drying in the sun, all of them.
Several weeks ago I wrote about the death of John Ashe, former United Nations official who mysteriously dropped a loaded barbell on his throat and died, just prior to testifying against Bill or Hillary or both of them. In July I informed you of the mysterious death of Seth Rich, also a “friend” of the Clinton’s. On 8/1 Victor Thorn an activist not friendly with, but writing about the Clintons, supposedly committed suicide. The next day, Shaun Lucas, another “friend” of the Clintons also died. None of these deaths are reported by the main stream media, yet they are happening all too frequently. A “vast right wing conspiracy?” I think not, these people are really dead and there are some 40 or so more people, “friends” of the Clintons, who have mysteriously died before, during or after presenting some kind of evidence against the king and queen of corruption. They will burn in hell.
“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.