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HEAT SIPHON News - May 2019

Consumer Confidence Hits 15 Year High!!!!

 

New TimerStat Pro Status LED Enlightens Owners / Serviceman

Latrobe, PA - May 15, 2019

The NEW Analog "C" Series Heat Siphon's began shipping last year with our new TimerStat Pro Controller that adds a sophisticated status LED light while keeping our economical original "Set It & Forget It!" single knob design.

The LED can display red green & orange to let you know the status of your Heat Siphon at a glance, including - POWER, NO FLOW, HEATING, HI/LOW Pressure Error, Reset Breaker Error & Call Factory for Servuce.

When flashing the LED signifies various conditions such as checking flow, restart delay, heating pool, SEE ABOVE - animation for demonstration.

The TimerStat Pro will mount in the same door as the digital Player Models.

This allows a direct replacement upgrade to Digital without any wiring or harness changes other than a simple jumper. Just remove the door unscrew the plug and replace it with a digital Player door assembly.

"This is a MAJOR improvement which required some changes to the software of the controller, and the minimal cost of adding an LED to the board. The NEW SMART USER FRIENDLY Timerstat Pro will not impact the price of our analog models" says Bill Bernardi, President.

Consumer Confidence Hits 15 Year High!!

By Sharon Nunn WSJ May 17, 2019

 

WASHINGTON—U.S. household sentiment rose starkly at the beginning of May to its highest level in a decade and a half, driven by a brighter economic outlook.

The University of Michigan on Friday said its consumer sentiment index was 102.4 in early May, up from 97.2 in April. Economists surveyed by The Wall Street Journal expected the confidence gauge to tick down to 97.0.

The survey’s underlying gauge of future expectations increased to the highest level since 2004, driving most of the month’s overall sentiment rise. The headline number has now fully recovered from a drop earlier this year and last year, which was caused primarily by the U.S. government shutdown and financial-market volatility.

In the medium term, the index has bounced around historically high levels for more than two years as employers continue to create jobs and wages rise at a faster pace.

Better Days are On The Way!

15 Yr High Cont'd

Though the relationship between consumers’ outlook and their spending has been weaker in recent years, the University of Michigan report suggests “that, after a sharp slowdown in the first quarter, consumption growth is rebounding in the second quarter” according to Michael Pearce, senior U.S. economist at Capital Economics.

United States Canada, Mexico to End Steel & Alum. Tariffs

WSJ - May 17, 2019

The administration has reached agreements with Canada and Mexico to end U.S.-imposed tariffs on steel and aluminum imports, President Trump said Friday, removing a major barrier to the three countries’ new trade pact.

The Canadian government announced its half of the deal Friday, saying an agreement had been reached for the U.S. to drop all its steel and aluminum tariffs on Canada and for Canada to drop all its retaliatory tariffs, which were placed on goods ranging from metals to food products, within two days.

Senior Mexican officials said Friday that an agreement had been reached with the U.S., and that they plan to release details in tandem with the administration.

The U.S. trade representative, Robert Lighthizer, has been in talks to lift the tariffs, which have threatened the congressional passage of President Trump’s revamped trade pact with Canada and Mexico, two U.S. officials said.

A Canadian official said talks between Canada and the U.S. had moved forward and a deal could be announced as early as Friday afternoon.

The official said Canada had already taken steps to prevent cheap foreign steel from entering its market and would continue to do so after tariffs are lifted.

Part of the U.S. rationale for its tariffs was that China dumped low-priced steel on the global market and this glut of the metal would slip into North America through Canada or Mexico if they weren’t subject to tariffs as well as China.

The person said Canada’s expectation was that the metals tariffs would be lifted first, and that would remove an impediment that has so far made it difficult for Canada to ratify the new USMCA trade deal.

Canada would also immediately lift its retaliatory tariffs on the U.S. once the U.S. metals tariffs are ended, the person said.

The USMCA was agreed to by the three nations last year, and signed by their leaders in November. But the agreement still needs ratification from all three nations’ legislatures to take effect. Democrats have signaled they won’t allow a vote on the pact unless worker protections in it are strengthened.

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