FedEx doesn’t deliver

A whole basket of things is going to cause the economy to slow further in the second half of the year. Including higher energy costs.

Higher almost-anything costs definitely is going to have its effect. By the end of the year the general population will be seriously understanding the effect the rising cost of food, energy, and health care has on their budget. The raise in oil hasn’t sunk into people’s electricity bills yet.

And, by then, people will be moving out of “whine” mode (calling on everyone in site to fix it) and will be adjusting their lives to cope. And everything will slow down a while. (honestly, not a bad thing)

We will be consuming a lot less. A truly good thing. BUT, remember that 70% of our economy runs on consumer spending. We need to create a different economy.

The return of industry in the US has been suggested. That would be a good start.

Do you need fed-ex to tell you that the economy is going into the dumper? Fed ex is not the warning canary in the coal mine; it is a reminder of the vultures that are already circling. Obviously the solution is higher taxes all around.

I’m looking forward to the new democratic congress and potentially democratic president taxes us into prosperity. My prediction is it’s going to get a lot worse and I mean a whole lot worse before it starts looking better anytime soon.

Why does this news from FedEx surprise everyone? Everywhere you look people keep talking about how bad the economy is, so it is not that shocking. If people would stop focusing on how bad the economy has been the last few quaters and start looking at signs of imporvement or looking for ways things are improving then that is a step in the right directon. I do not understand why everyone is so stuck on how bad things have been, instead of looking at things hopefully getting better, sooner than later!

Of course!