Everyone thinks they’re Michael Burry. Early but not wrong.

No political circle jerk, just some of my .02. The FED is going to continue to raise rates to slow demand. This is how they will kill inflation and they have said as much. They say nothing of Washington's irresponsible spending so they will screw the little guy. Wages will remain stagnant and people are going to stop spending money. As for the corporate side of things, companies are going into cost cutting mode as we speak. The stock market will correct and we will have massive pain for a long while. For you to pretend that we are not ALREADY in recession is a little puzzling. By classical definition, we are already in it and have been since mid summer. Good luck!

Just to further understand your point, why are UPS and DHL not experiencing the same difficulties? Do you chalk that up our greater presence in Asia? Something else? Just curious since UPS did not change expectations and that was less than two weeks ago.

They are not exactly the same type of corporations. Each one has their own sets of strengths and weaknesses. All three hit the jack pot the last 2 plus years with the lockdowns and lack of lift from the commercial passenger carriers. That gravy train will eventually run out and they will all have to adapt to the new economy where lots of people don't have the disposable income they once did due to inflation, wage stagnation, and cut backs. We have serious problems in this country and Fedex was one of the first to signal this very fact. You may argue the timing of Raj's press appearance and the affects it will have on contract negotiations and those are very fare points but to say that DHL and UPS are not experiencing the first ripples is unfounded in my opinion. The Tsunami is coming ladies and gentlemen so please prepare your own houses.

Are you so sure? UPS released 2Q 2022 earnings on July 26 of this year and they were very profitable. In fact, they even reaffirmed full-year guidance and decided to buy back $3B worth of stock. That was 7.5 weeks ago.

Time will certainly tell. 7.5 weeks ago is quite a while. Let's all hope I am wrong.

UPS will report earnings close to originally forecast. UPS is much more efficient than FedEx.

for those that prefer MSM news feeds, perhaps this will change your minds??? I don't know, neither do the experts but times like these warrant skepticism from the narrative. Don't you agree??? I don't think this is a Fedex problem. It is systemic in my opinion and I am just asking everyone to be careful.

https://www.youtube.com/watch?v=FWL0MDU5_RM

With all due respect, without some sort of employee purchase discount, I feel it’s overreaction to be buying your own employee’s stock at anytime.

It's interesting to me, the stock markets reaction to the comments of one person, someone who just took the reins of FedEx recently. And obviously has so little sense that he approves a massive dividend increase a few months ago, says they're still going to do a billion plus in stock buybacks, though the global economy is going into recession. Does this sound like someone who understands what is going on?