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Thread: FedEx offers glum outlook on economic growth

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    Default FedEx offers glum outlook on economic growth

    FedEx might offer the clearest look at the disconnect between the soaring stock market and the listless global economy.

    The world's largest freight carrier posted a 45% drop in its fourth quarter profits and offered its investors a cautious outlook for 2014, noting that customers are looking for lower-cost carriers internationally. FedEx said its outlook was based on expectations of just 2.3% GDP growth for the United States.
    FedEx offers glum outlook on economic growth - The Buzz - Investment and Stock Market News

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    Default Re: FedEx offers glum outlook on economic growth

    Here is a report on the economic outlook into 2014.
    Just as with any speculation, either by a company reporting what they think, or someone or something else, the results may vary.

    Bottom line: The economy’s underpinnings appear solid, notwithstanding a modestly reduced contribution from government spending. The housing and auto sectors will be drivers of economic activity this year and next, giving the private sector a heightened role in an anticipated acceleration of growth during the second half that will carry over into 2014.
    Kiplinger's Economic Outlooks-Kiplinger

    It's not great, but still a slow upward movement on the economy.
    What I don't understand is the price of crude oil continues to escalate while the world is awash in oil.
    I have listened to some sources that there is no reason for the cost of oil ( crude ) to be going up and ( IMO ) is most likely caused by the speculators on Wall Street.

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    Default Re: FedEx offers glum outlook on economic growth

    My opinion on Fedex's outlook is that they are saying this because that way they can avoid giving their workers raises and such. Trying to paint a bleak picture another words. That sure sounds familiar around here doesn't it...................................
    222lifer and UNION 282 like this.

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    Default Re: FedEx offers glum outlook on economic growth

    It's not as rosy as the crooks in office would have us believe

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    Default Re: FedEx offers glum outlook on economic growth

    Quote Originally Posted by Kickass View Post
    It's not as rosy as the crooks in office would have us believe
    And it's not as bleak as those on the right would lead the gullible to believe either.

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    Default Re: FedEx offers glum outlook on economic growth

    In my opinion I think it's corporate BULLS*** , just another excuse to keep workers salary down while managements salary rises .
    ABFwife and 222lifer like this.

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    Default Re: FedEx offers glum outlook on economic growth

    Quote Originally Posted by UNION 282 View Post
    In my opinion I think it's corporate BULLS*** , just another excuse to keep workers salary down while managements salary rises .
    You nailed it.....They want to BS the workforce into taking one for the team. It is a race to the bottom unless someone stands up to these corporate goons.

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    Default Re: FedEx offers glum outlook on economic growth

    Take a look at DHL, They have had a great last two quarters. All they now do is international packages of all sizes and they are UNION.

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    Default Re: FedEx offers glum outlook on economic growth

    Quote Originally Posted by fxstc07 View Post
    Here is a report on the economic outlook into 2014.
    Just as with any speculation, either by a company reporting what they think, or someone or something else, the results may vary.


    Kiplinger's Economic Outlooks-Kiplinger

    It's not great, but still a slow upward movement on the economy.
    What I don't understand is the price of crude oil continues to escalate while the world is awash in oil.
    I have listened to some sources that there is no reason for the cost of oil ( crude ) to be going up and ( IMO ) is most likely caused by the speculators on Wall Street.
    It has to do with to tensions in the Middle East,Right now in Syria,all eyes are on that!!!

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    Default Re: FedEx offers glum outlook on economic growth

    Quote Originally Posted by Mike432 View Post
    It has to do with to tensions in the Middle East,Right now in Syria,all eyes are on that!!!
    I would guess you mean the price of crude.
    However it doesn't change the fact the world is overflowing with oil.
    We have consumed less and continue to do so.
    The prices are reflective of many issues, including world turmoil in the middle east. Considering the fact the USA continues to find reserves within our own borders, we consume less and import less, those prices may be more the result of market speculation, or commodity traders, big oil and others that benefit from a higher price.
    As long as we continue to feed at the well, big oil will feed our appetite.

    * U.S. December oil demand down 4.4 pct from prior estimate
    * Gasoline demand in 2012 at lowest level since 2001
    * Distillate demand down 4 pct yr/yr in 2012

    WASHINGTON, Feb 27 (Reuters) - U.S. oil consumption posted an
    unexpected drop in December, pulling total demand for 2012 to the lowest
    annual level since 1996, the U.S government said on Wednesday.
    UPDATE 1-U.S. oil demand in 2012 was lowest in 16 years -EIA | Reuters

 

 
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