Recession Is Right Around The Corner -- Former Fed Chair -- Janet Yellen -- November 22, 2019

Janet Yellen: recession is right around the corner. That was yesterday. What a doofus.

This is today, this is from Reuters:

U.S. manufacturing output accelerated in November to its fastest pace in seven months and services activity also picked up more than expected, a survey of purchasing managers showed on Friday in a sign of the continued resilience of the U.S. economy in the face of the U.S.-China trade war and other headwinds.

IHS Markit said its "flash" purchasing managers index for manufacturing rose to 52.2 in November from a final reading of 51.3 in October, while its preliminary services PMI increased to 51.6 this month from 50.6 last month.

Both indexes were at their highest since April and were modestly above the median forecasts among economists polled by Reuters.

A reading above 50 signals expansion, while one below that mark indicates a contraction in activity.

China-US trade war? What trade war? Tim Cook moves Mac Pro to Austin, TX.

Let's look at some of the comments at that Reuters story. There were only five -- is anyone paying attention? Two out of five: the economy would be doing even better if the US House could work with Trump.

LOL. It's  not in their political interest to work with the president. Their goal is not a better economy; their goal is their man/woman in the White House and their control of the US House and US Senate. Sorry for the rant. Sorrier (more sorry?) for pointing out the obvious.

And that's why I love Tim Cook. Sees the writing on the wall and moves Mac Pro to Texas.

Speaking of which, I forgot to post this story: 660 companies moving facilities out of California with many bound for Dallas-Fort Worth. It's behind a paywall but I was able to access the entire story earlier on my iPad. This is the interesting story. The headline would be a bit more accurate to say that these 660 companies are pretty much located in two geographic areas in California: the Bay area in the north, and Los Angeles County. I doubt many companies are leaving beautiful San Diego, and there are "no" California companies north of 38.4404°N.

So, these 660 companies are leaving a relatively small geographic area of California.

On the flip side, these companies moving to Texas are mostly moving to DFW area, and more specifically, to the north side of the metroplex, and even more specifically, to three cities: Plano, McKinney, and Frisco. The sleeper is Las Colinas, Irving, on the southeast side of the airport, closer to Dallas than to Fort Worth.

Twenty years from now the population center of the DFW metroplex will be 10 miles west of the airport, on TX-114. 

On another note: GM, Isuzu investing $175 million for a new Dayton-area plant. Photo-op for the president, late October, 2020. Construction on the facility will be completed by the end of 2020. Just saying.

Due to the popularity of General Motors' 2020 Chevrolet Silverado and GMC Sierra heavy-duty pickups, General Motors and Isuzu have unveiled a $175 million investment through its DMAX joint venture to build a diesel engine components plant in Brookville.

The 251,000 square-foot facility would expand ....  The project will create new local jobs and further cements the Dayton region as a national hub for automakers. Production of engine components for the company's current DMAX diesel engine manufacturing operation in Moraine.