{"id":44610,"date":"2019-03-20T07:00:06","date_gmt":"2019-03-20T12:00:06","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44610"},"modified":"2019-03-20T07:44:37","modified_gmt":"2019-03-20T12:44:37","slug":"fedex-is-talking-as-if-a-global-recession-has-already-begun-and-the-numbers-back-that-up","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44610","title":{"rendered":"FedEx Is Talking As If A Global Recession Has Already Begun \u2013 And The Numbers Back That Up"},"content":{"rendered":"\n

FedEx Is Talking As If A Global Recession Has Already Begun \u2013 And The Numbers Back That Up<\/a><\/h3>\n\n\n\n
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\u201cSlowing international macroeconomic conditions\u201d is just a fancy way to say that the global economy is in big trouble.  For months, I have been warning that economic conditions are deteriorating<\/a>, and we just keep getting more confirmation that we are facing the worst global downturn since the last financial crisis.  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\u2019s chief financial officer placed the blame squarely on the faltering global economy.  The following comes from CNBC<\/a>\u2026<\/p>\n\n\n\n

The multinational package delivery service reported declining international revenue as a result of unfavorable exchange rates and the negative effects of trade battles.<\/p>

\u201cSlowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue,\u201d<\/strong> Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer, said in statement.<\/p><\/blockquote>\n\n\n\n

The use of the word \u201ctrends\u201d implies something that has been going on for an extended period of time, and obviously FedEx doesn\u2019t expect things to get better any time soon if they have cut profit projections twice in just the last three months.<\/p>\n\n\n\n

And FedEx certainly has a lot of company when it comes to having a gloomy outlook for the global economy.  In one recent article, Bloomberg boldly declared that the global economy is in the worst shape it has been \u201csince the financial crisis a decade ago\u201d<\/a>\u2026<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

FedEx Is Talking As If A Global Recession Has Already Begun \u2013 And The Numbers Back That Up \u201cSlowing international macroeconomic conditions\u201d is just a fancy way to say that the global economy is in big trouble.  For months, I have been warning that economic conditions are deteriorating, and we just keep getting more confirmation that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[21635,24723,3158,175,12900,10067,24724,5627,12287,195,4106,13992,7727,3461,24725,14928,9307,24352,6061,24353,24726,7196,21316,4754,21317,15959,24729,24727,14393,24354,3945,21781,21318,6065,24728,12788,24731,7351,24730,2660,24732,480,488,506,4901,536,15961,549,24355,6066,16518,16519,20901,15962,16522,7452,16523,21319],"class_list":["post-44610","post","type-post","status-publish","format-standard","hentry","category-economics","tag-21635","tag-bigger-debts","tag-consumer-debt","tag-credit","tag-credit-card","tag-credit-card-debt","tag-credit-card-interest-rates","tag-credit-cards","tag-day-of-reckoning","tag-debt","tag-debt-crisis","tag-debt-payments","tag-debt-problems","tag-debts","tag-disappointing-earnings","tag-drowning-in-debt","tag-earnings","tag-exploding-debt","tag-financial","tag-financial-future","tag-getting-worse","tag-global-debt-crisis","tag-global-financial-marketplace","tag-global-financial-markets","tag-global-panic","tag-going-into-debt","tag-good-job","tag-huge-amounts-of-debt","tag-in-debt","tag-interest-on-debt","tag-interest-payments","tag-into-debt","tag-investor-panic","tag-investors","tag-job","tag-job-cuts","tag-job-cuts-2019","tag-job-losses","tag-job-losses-2019","tag-layoffs","tag-layoffs-2019","tag-lending","tag-loans","tag-markets","tag-michael-snyder","tag-money","tag-more-debt","tag-national-debt","tag-our-financial-future","tag-panic","tag-pay-off-credit-card-debt","tag-paying-off-credit-card-debt","tag-perfect-storm","tag-so-much-debt","tag-the-danger-of-credit-cards","tag-the-economic-collapse-blog","tag-too-much-credit-card-debt","tag-what-is-coming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44610"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44610\/revisions"}],"predecessor-version":[{"id":44612,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44610\/revisions\/44612"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}