Friday, September 16, 2022

FedEx CEO says he expects the economy to enter a ‘worldwide recession’

 via CNN

FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy.

“I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to Cramer’s question of whether the economy is “going into a worldwide recession.”

The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.


Congrats to all the warhawks out there.  I fucking told you that those crazy ass, nonsensical, and over the top sanctions would have a price to be paid.

It's coming.

I don't excuse EVERY govt in the West embarking on crazy ass spending because of the OVERBLOWN covid made up crisis (the disease was real, the response was just masturbating in their power to control the masses and MOST fell for it).

That contributed too.

But the spike in energy basically sealed the deal.  The push for green during a period of economic uncertainty helped too.

Long story short?

Political and economic idiots (I'm at a 101 level and I could see it, surely the brains could) along with green zealots turned their dreams into our nightmare.

Have fun people.  This ride is just getting started.

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