Posted on 01/29/2024 8:51:32 AM PST by Kaiser8408a
Texas is a state of mind and is currently under invasion. Encouraged by BIG AGRA Senator Lankford (RINO-Oklahoma).
Texas factory activity contracted in January after stabilizing in December, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, dropped 17 points to -15.4—its lowest reading since mid-2020.
Other measures of manufacturing activity also indicated contraction this month. The new orders index ticked down from -10.1 to -12.5 in January, while the growth rate of orders index remained negative but pushed up eight points to -14.4. The capacity utilization index dropped to a multiyear low of -14.9, and the shipments index slipped 11 points to -16.6.
Perceptions of broader business conditions continued to worsen in January. The general business activity index fell from -10.4 to -27.4, and the company outlook index fell from -9.4 to -18.2. The outlook uncertainty index held fairly steady at 20.9.
Meanwhile, The Fed is impressed by the growth in the economy (primarily government jobs) so will likely keep rates constant this week. I wish they would look at Texas slumping!
In apparent retaliation for trying to defend themselves against the mongrel hordes coming from Latin America, Africa, the Middle East and … China, Biden freezes natural gas exports (largely from Texas).
In Washington DC, Lankford, Schumer, McConnell and other anti-America, pro-World Economic Forum type gather to destroy the US.
(Excerpt) Read more at confoundedinterest.net ...
The Biden administration is restricting LPG exports as payback to Texas for securing the border. Texas is the largest LPG seller in the U.S.
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas slipped 17 points to -27.4 in January 2024, the lowest in eight months, suggesting a deeper contraction during the month. The production index, a key measure of state manufacturing conditions, dropped 17 points to -15.4, marking its lowest reading since mid-2020. The new orders index ticked down from -10.1 to -12.5 in January, while the growth rate of orders index remained negative but pushed up eight points to -14.4. The capacity utilization index dropped to a multiyear low of -14.9, and the shipments index slipped 11 points to -16.6.
The employment index moved down seven points to -9.7, its lowest reading since mid-2020. On the price front, wage and input costs continued to increase this month, while selling prices were flat. Looking forward, the future production index moved up 10 points to 21.7, and most other indexes pushed further positive as well. source: Federal Reserve Bank of Dallas
Fire everyone in DC and move the National Capital to Texas.
“We have met the enemy, and he is us.”. —Pogo
Biden hasn’t done squat about Iran or Hamas except provide economic help through proxies. However, he has declared economic war on Texas.
Anyone with a brain can see where his (or more accurately his handlers’) loyalty lies.
Does the ‘export’ apply to neighboring states?
Cuts both ways...
p
So this means the rest of USA will be importing less natural gas from Texas now?
Since Governor Abbott defied the Federal government on the border issue, will he do likewise on the export of natural gas?
This means the economy is slowing from its overheated condition. Good.
Sounds like the U.S. government is levying sanctions against one of the States. Seems like grounds for secession to me.
Wallace T. wrote:
“
Since Governor Abbott defied the Federal government on the border issue, will he do likewise on the export of natural gas?
“
Good question.
But LNG exports and border invasion by illegals are apples and oranges; it’s on hidenbiden & the feds to have escalated things to this level.
Shutting off exports to a neighboring country would be construed as an act of war by the nation who got shut off.
The Gazprom check to Hunter cleared.
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