Author Topic: "Jarring" FedEx Outlook Cut Suggests "Severe Global Recession"  (Read 612 times)

Mackin USA

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"Jarring" FedEx Outlook Cut Suggests "Severe Global Recession"
« on: December 19, 2018, 01:59:20 PM »
"We recognize that global growth has slowed but we are very surprised by the magnitude of the headwind, which is what might be seen in a severe recession,"

[ZeroHedge]

https://finance.yahoo.com/quote/FDX/
Mr. Mackin

ergophobe

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Re: "Jarring" FedEx Outlook Cut Suggests "Severe Global Recession"
« Reply #1 on: December 19, 2018, 05:42:11 PM »
Getting extensive coverage. Just search on that quote.

https://www.reuters.com/article/us-fedex-stocks/fedex-shares-drop-as-economic-slowdown-prompts-2019-profit-forecast-cut-idUSKBN1OI1KY
https://finance.yahoo.com/news/fedex-jarring-cut-forecasts-hints-114647053.html
https://www.bloomberg.com/news/articles/2018-12-19/fedex-s-jarring-view-cut-seen-as-sign-of-worsening-global-woes

Many others.

An economy is simply a story we tell ourselves. Times are great, go buy stuff. Certainly currency, and even gold (and even more than gold and fiat currency, diamonds are really nothing but a story about value). All of which makes me think that talk of recession has an inevitable logic to it. You can only talk so long and so much about recession before you have one.

littleman

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Re: "Jarring" FedEx Outlook Cut Suggests "Severe Global Recession"
« Reply #2 on: December 19, 2018, 07:57:56 PM »
Side note:  I feel like we should have a mega-thread on the coming 2019/2020 recession and just keep dumping the bad news in there for a  while.  BTW, we've been at 60% liquid for a while now.