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 on: November 16, 2017, 02:05:32 PM 
Started by Crafty_Dog - Last post by Crafty_Dog

Industrial Production Increased 0.9% in October To view this article, Click Here
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 11/16/2017

Industrial production increased 0.9% in October (1.4% including revisions to prior months), easily beating the consensus expected 0.5%. Utility output rose 2.0%, while mining fell 1.3%.

Manufacturing, which excludes mining/utilities, increased 1.3% in October (1.7% including revisions to prior months). Auto production rose 1% while non-auto manufacturing rose 1.3%. Auto production is down 1.6% versus a year ago while non-auto manufacturing is up 2.9%.

The production of high-tech equipment rose 1.2% in October and is up 4.2% versus a year ago.

Overall capacity utilization increased to 77.0% in October from 76.4% in September. Manufacturing capacity utilization rose to 76.4% in October from 75.5% in September.

Implications: Industrial production continued its post-hurricane rally in October, easily beating consensus expectations as the manufacturing sector led the way. But even without the storms, production would have been a solid 0.3%, according to the Federal Reserve. Industrial production rose 0.9% in October and is now up 2.8% versus a year ago. The biggest positive contribution to today's headline number came from manufacturing which rose 1.3%, matching the largest monthly gain since 2010. Auto manufacturing rose 1% in October and is now up at a 27.5% annual rate in the past three months, getting back to pre-hurricane levels of output. Meanwhile, non-auto manufacturing posted its largest monthly gain since 2006, rising 1.3%. This strength was also reflected in manufacturing capacity utilization, which rose to its highest level since 2008. Looking forward, expect further gains in overall production as the economy recovers from the effects of the two hurricanes. The one disappointment in today's report came from mining which fell 1.3%, primarily due to both oil and gas well drilling and extraction. Oil and gas-well drilling has struggled since the storms, but its monthly declines have begun to level off and it is still up a massive 61% from a year ago. Look for a surge in drilling activity in the months ahead once the effects of the storms pass. In other news this morning, the Philly Fed Index, a measure of sentiment among East Coast manufacturers, fell to a still high 22.7 in November from 27.9 in October. On the employment front, new claims for jobless benefits rose 10,000 last week to 249,000. Meanwhile, continuing claims fell 44,000 to 1.86 million. Look for another solid month of job growth in November. Finally, on inflation, import prices rose 0.2% in October while export prices remained unchanged. In the past year however, import prices are up 2.5% while export prices are up 2.7%, both in stark contrast to the price declines in the twelve months ending in October 2016. Yet another reason why the Federal Reserve should and will raise rates in December.

 on: November 16, 2017, 01:52:29 PM 
Started by Crafty_Dog - Last post by Crafty_Dog
Great photos Doug!!!  Please post them with explanation in the SJW thread.

 on: November 16, 2017, 01:37:17 PM 
Started by Crafty_Dog - Last post by DougMacG
Minnesota has a Dem governor, can appoint a Dem successor.  Why can't they throw this sleazeball under the bus?

Or will they tire of the hunt to anyone, everyone down?

Neither.  In Washington and in the US, there are two sets of rules and that is what they will rely on.  Watch and see.

 on: November 16, 2017, 01:34:48 PM 
Started by ccp - Last post by Crafty_Dog
Let's use this thread for the "the apparently neverending saga of men behaving crudely"  (from the Congress thread)

Chrissakes-- hot news flash!

We are told that women can be combat infantry soldiers, Navy SEAls, etc etc but fall in the toilet when the seat is left up are traumatized for decades by crude passes.

We are also told that unlike other human beings, women don't lie, exaggerate, or misremember.

The mass societal cowardice on display speaks volumes.

Prediction:  Some powerful players are at work here preparing to go after President Trump, particularly should the Dems take the House.

 on: November 16, 2017, 01:23:58 PM 
Started by ccp - Last post by Crafty_Dog
Agreed re Biden, but Trump is digging a whole for himself and for us in many, many ways.  That a putz like Biden could score this well speaks volumes.

 on: November 16, 2017, 01:20:51 PM 
Started by Mad Scientist - Last post by Crafty_Dog
Resurrecting a thread 9 years and 9 months old?


I hereby bestow this forum "Lazarus Award"!!!

 cool cool cool

 on: November 16, 2017, 11:22:20 AM 
Started by Crafty_Dog - Last post by G M

An Airman is a person of integrity, courage and conviction. They must be willing to control their impulses and exercise courage, honesty and accountability in order to do what is right even when no one is looking.

 on: November 16, 2017, 11:11:15 AM 
Started by Crafty_Dog - Last post by DougMacG
Where is our groping thread?
It's funny if the nation's unfunnyist Senator does it?

I was posting this exactly as Rush L opened his show with it just now.

Apology not good enough!

An accomplished broadcaster:

She was there to entertain the troops, not a happily married, raunchy comedian.

 on: November 16, 2017, 11:05:10 AM 
Started by Crafty_Dog - Last post by G M
Notice the victim's left handed block near end of video.  Looks like he has martial arts training.  Like the movies.  Some jerk pushes the hero beyond the limit of patience and finally the hero HAS to fight back in self defense of himself or some one else being bullied by a bigot.   The only difference is we don't get to see the end of the movie where the hero kicks some butt and lays out the jerk:

Pro tip: If a guy is dressed like Jet Li, you might want to leave him alone.

 on: November 16, 2017, 10:44:52 AM 
Started by ccp - Last post by DougMacG
We Need to Talk About Uncle Joe
Joe Biden, serial young girl-toucher.
*Let him run.*

Predictions of what other people will do and how other people will vote are not my strength, but Joe Biden loses his 'VP for Obama' pedestal the moment he enters the race and will start taking incoming arrows.  Like G M points out, he was caught 'touching' women before powerful men started getting busted for it.  That's just old Joe or those were different times doesn't cut it as an excuse.  He was doing what Trump was caught talking about.  George HW Bush is now feeling the heat.  Biden was the worst for that kind of thing.  Leftists are turning on Bill Clinton now to clear their own names admitting their own guilt.  At some point, women are going to turn against unprofessional, sexist sleazeballs.

His career was lousy.  His other campaigns were dreadful.  Loose lips don't describe things that come out of his mouth, more like loose brain.  He lost his debate to Sarah Palin.  People should review that video for the quality and accuracy of his answers.  Every time he said let me repeat that, he repeated a falsehood.

His chairmanship of the Senate Judiciary committee was a disaster, Bork, Anita Hill, Clarence Thomas, etc.

What did he do as Vice President?  He was a placeholder, someone who made friend and foe not want anything to happen to Obama.  He never was the best or most qualified person for that job.  Chosen to be harmless, if he just doesn't talk too much.  Obama was never tied to Biden gaffes; a President Biden would be.  Or take the other tack, he was instrumental in a failed administration.  Measure it in GDP, danger in the world or number of Republicans elected while they were in charge.

If you look at what liberals and Democrats think what went wrong with the trump personna and Presidency, ignoramus was a word I just saw used twice by them, how does picking Joe Biden take them to the next level.?

To be fair, he also said or did one or two right in his half century in Washington.  He would have split off the Iraqi Kurds along time ago, and from the left coalition point of view he was one step ahead of the curve on gay marriage.

Skipping the Trump years, he is not the logical successor to Obama who was in his 40s when elected President and played the unknown about him as a blank canvas for each voter and group to paint for themselves.  He is old and known.  Either the body, energy level or mental sharpness (how will we know?) will catch up with him, if not the creepy stuff.

The only Democrat contemplating how great things would be if Biden were President is Biden.

Both parties (and most other countries) need new leaders!

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