Originally Posted by
PurpleTail
Are you kidding me? What planet are you living on?
The government came out and said they expected unemployment to PEAK at the 7.5-8.5 range. WE ARE ALREADY THERE and still haven't hit the bottom. Unemployment is going to go over 10% easily and very soon too. That means less money spent on packages because nobody is buying anything and more foreclosures are coming as well.
The DOW is at 6,600, down from 11,400 less than 6 months ago. It will be below 5,000 in less than 3 MONTHS. Don't think so? Lets revisit this thread in a couple months. What makes FDX and UPS immune to the economic meltdown we are in....NOTHING.
Man you should be on CNBC. I can find people saying all kinds of crap that are a lot smarter than you or I. How do you know we are not at the bottom now? How do you know where we are going? I agree things may get worse in the coming months, but NOBODY knows. Guys with masters degrees from Ivy Leage schools don't know what the next three months hold.
And for all you people who think we are on the verge of a depression, should pick up a book on the subject. When we get to 25% unemployment, then you can begin to talk. If that happens, I don't think there will be a need for either UPS or Fedex next day Air. We may have 300 pilots total on the list, and I will be eating dinner at the local church and living in a van down by the river!