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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

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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.

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