Wednesday , August 21 2019
Home / David Stockman's Contra Corner / Canary On The FedEx Truck—Global Economy Sliding Into The Drink

Canary On The FedEx Truck—Global Economy Sliding Into The Drink

Summary:
For the second time in three months, FedEx has slashed its revenue forecast for this year.  In an attempt to explain why revenue is declining, FedEx’s chief financial officer placed the blame squarely on the faltering global economy. http://theeconomiccollapseblog.com/archives/fedex-is-talking-as-if-a-global-recession-has-already-begun-and-the-numbers-back-that-up

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Not MAGA: The Donald’s Visible Economy Scam And Invisible Policy Disaster, Part 2

David Stockman writes WeWork: A Financial Scam So Obvious That It’s An Insult To The Concept Of Investor Stupidity

David Stockman writes PIMCO Starts Dumping Bonds, Fears “Helicopter Money” Is Around The Corner

David Stockman writes Thanks, For The MAGA, Donald! Home Depot Lowers Sales Forecast On Tariff Worries

For the second time in three months, FedEx has slashed its revenue forecast for this year.  In an attempt to explain why revenue is declining, FedEx’s chief financial officer placed the blame squarely on the faltering global economy.

http://theeconomiccollapseblog.com/archives/fedex-is-talking-as-if-a-global-recession-has-already-begun-and-the-numbers-back-that-up

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *