We’re Going Into A Worldwide Recession, FedEx CEO Warns ‘Numbers Don’t Portend Very Well’ – LewRockwell LewRockwell.com

Update: Following FedEx’s ugly pre-announcement, CEO Raj Subramaniam, went further into the drivers behind his company’s decision to pull guidance during an interview with Jim Cramer of CNBC. “I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to Cramer’s question about whether the economy is “going into a worldwide recession.” FedEx’s top executive, who took over the role at the beginning of this year, said that declining worldwide cargo volumes were the primary factor in the company’s unsatisfactory performance. “I’m very disappointed in the results that we just announced here, and you know, the headline … Continue reading →

Source: We’re Going Into A Worldwide Recession, FedEx CEO Warns ‘Numbers Don’t Portend Very Well’ – LewRockwell LewRockwell.com

The Fed Won’t Bend This Inflation Curve – LewRockwell LewRockwell.com

The CPI data for August came in hotter than expected, sparking the biggest market crash since the 2020 COVID lockdowns. The price of gold also dropped on the news in anticipation of the Federal Reserve taking interest rates higher. Peter Schiff talked about the inflation news on his podcast and said investors need to get gold now before the entry point rises a lot higher. Because at some point the markets are going to figure the Fed can’t bend this inflation curve. After the CPI data came out, stocks plunged. The Dow Jones fell by over 1,276 points. It was the seventh-biggest drop (based … Continue reading →

Source: The Fed Won’t Bend This Inflation Curve – LewRockwell LewRockwell.com