Originally Posted by
JFS 3
Whose definition? Yours? GDP growth last quarter, S&P higher than it was a year ago, record low unemployment, UAL has a record-breaking quarter... Maybe a real one is coming, but if this is what a recession looks like, I welcome it.
2 consecutive quarters of negative GDP was recession until we re-defined it. S and P is higher??? Please put down your crack pipe. Look at the bond market yield curve for the 10 year and 2 year. They are INVERTED. This has happened in the recent past 4 times.
1. 1987 crash
2. Dot Com bubble/ 9/11
3. Housing Credit Crisis
4. NOW
I don't think you want to welcome what is likely coming sir. As far as FEDEX goes, your guess is as good as mine. Looks to be a rocky road ahead through my eyes.