The great economic pretending is predicated on denying that major western economies are shrinking because political leaders are collectively destroying cheap and reliable energy production (oil, coal, gas), while simultaneously chasing expensive and [un]sustainable energy development (wind, solar).
The Build Back Better / Green New Deal climate change agenda is destroying every economy based on ‘collectively agreed‘ energy policy. Energy driven supply side inflation is crushing consumers in every western economy. Sales and purchases of goods have stopped. Affording food, fuel and housing is the focus of billions. Yet, denial is everywhere.
It was not that long ago, June 23rd to be precise, when Fedex gave a forward-looking forecast based on existing operational results. In late June Fedex anticipated a generally stable continuation of business operations. Here we are, three months later and Fedex business collapsed in the last quarter. CEO Raj Subramaniam says shipping demand unexpectedly plummeted. The great economic pretending meets reality.
Keep in mind, about six weeks ago Maersk, the international shipping company that delivers millions of containers of goods all around the world, mostly by ship, said they saw demand and orders plummeting as shipping warehouses were full of unsold goods {link, Aug 3rd}.
[The Fedex Collapse] – […] The company scrapped its forecast for its earnings in its current fiscal year that it had issued less than three months ago. For the three months ended Aug. 31, FedEx now projects adjusted earnings per share of $3.44 and $23.2 billion in revenue. That’s below analysts’ consensus forecast of $5.14 adjusted earnings per share and $23.6 billion in revenue, according to FactSet. (more)
The company is also revising its 2023 financial outlook and said it expects conditions to worsen further in its second quarter. Economists have sparred for months over whether or not the US is heading into a recession. (more)
The Great Pretending Continues….
I guess that’s one way to tackle America’s obesity problem.
The cheapest food is the most fattening….
Cabbage?
Excellent food!
Not if you are on blood thinners.
Paid 3.10 for a 3lb cabbage this past Monday. FJB
Patrick: Same here, approximately. I get two or three meals out of one head of cabbage, mixed in with other ingredients, or as a side dish. No longer dirt cheap, but, not bad.
Will be outlawed soon because of man-made global warming flatulence.
There is an add on TV in Australia presented by Toyota bragging their new Hydrogen car emits less CO2 that a person who is out and about jogging.
I’m not sure who will be around to drive these fabulous cars once they have gotten rid of us CO2 emitters.
True
Can’t buy or eat what’s not on the shelf.
Agreed, fattening food is cheap. Making your own meals is cheaper.
Ex.: 1lb. pasta + 2 cans of tomato sauce + a few garden herbs + seasonal fruit for dessert = dinner for 4 under $5.
Father of 3, married 30 yrs, this ain’t that hard. But then again it does require some minimal effort.
I have always thought that home cooked meals with beans, pasta, vegetables was much healthier and less fattening than the expensive fatty fast type food.
Quickly heated in the microwave meals and junk food like frozen pizza and frozen french fries etc are expensive and more fattening than home cooked spaghetti or chili or casserole based meals.
I raised my five boys on home cooked meals based on pasta and beans and other casseroles with lots of vegetable side dishes and none of them were ever overweight nor are my husband or myself now.
We just could not afford the bags of chips or doritos or store bought cookies and bags of candy or the frozen family dinners.
Had to make almost everything from scratch.
Like you say it is time consuming and it seemed like I was in the kitchen all day long some times.
Allegedly, the #1 comorbidity for covid was “being fat”. Millions of people wore masks and injected themselves with dangerous shots when all they really needed to do was wash their hands and lose 30 lbs while “working from home” or unemployed.
If that wasn’t enough to cause people to lose weight, they won’t miss a beat in a “recession”. In fact, I would expect people to get fatter.
No the #1 comorbidity was no early treatment with known effective therapeutics like HCQ/Ivermectin in combination with other drugs! Even the obese that got treated early with HCQ/Ivermectin survived Covid-19. The ones that died were told to go home and wait until their health deteriorated then go to a hospital where they were put on a ventilator and given Remdisivir which killed them!! Having said that obesity is a serious health issue in this country which can lead to diabetes and all sorts of other health issues!! Covid-19 left untreated did kill a lot of people worldwide and obesity probably only accelerated the death spiral for some!!!
Covid is a flu! I take no flu shots. My Deity gave me a pretty good immune system!
But the seasonal flu didn’t kill anybody in 2020, 2021 or 2022. Covid cured it!
Wow! Those Flu shots sure are effective, eh!?! /s
🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣
Your immune system, like the rest of your body, is only yours “on loan”. God giveth, and God taketh away. All tissue reaches a “sell-by” date.
Exactly! I know of several people this happened to, but of course, Covid was to blame…
I got covid in early Nov 2021…it hit me hard even though I’d been taking recommended dosages of vitamins D3 and C plus zinc, quercetin, multi-vitamin, and NAC Early treatment of ivermectin and Zpack did nothing to stop the “virus” in my body. I tested positive and my Dr. referred me to get the mono-clonal antibody infusion at a local hospital. There was a 30-ish year old man, obese, diabetic and vaccinated who was also getting the same infusion at the same time I was. The data sheet for the mono-clonals said it was for unvaccinated persons only and he brought this to the attention of the nurses. Apparently his Dr. had approved him for the treatment as you could not get it without a Dr. referral. The mono-clonal infusion did not help me. Fortunately I got HCQ, albuterol, budesonide, and a steroid, via an online service, that had my 02 Sat back up to 98 after 5 days. I prayed to God every day to just keep me out of the hospital and my prayers were answered.
How low did your levels get?
Similar here. Mono-clonal didn’t help me Got in on 8th day after getting sick. Would never have gone to hospital. If I was going to die,it was going to be in my own bed. I’m retired Healthcare. 40 years in the profession. Never get me on a vent.
Diabetes (IMO) causes obesity. I was thin early in life and around my mid-forties no matter what I did, (exercise, diet, and a combo of the two) did absolutely nothing to my weight gain. Then I was considered prediabetic. I believe they call it glucose intolerance nowadays. A nurse told me to eat more fat. I did. Now I put cream in my coffee and eat nuts and seeds primarily, skip anything white (bread items, flour items, rice, oatmeal, grains primarily), and lost twenty pounds. I just flipped the government’s food pyramid. Goes to show the government tells lies about eating too.
Gardy, its the other way around. Obesity causes diabetes as an adult onset. Lose weight and your diabetes, blood pressure and possible sleep apnea go away.
and yes a keto diet high in protein is best for blood glucose management.
The food pyramid is garbage. They also tell us now that fruit loops are good for you….
The #1 comorbidity for ALL infectious diseases is advanced age. Individuals over 70, with individual variance, all reach a point where they have insufficient immune response to fight off ordinary colds, flus and the resulting respiratory infections.
Neither medicines, supplements, diet or prophylactics can restore the immune system once the individual loses this resistance capacity due to age. All we can do is try to keep their environment more germ-free to slow the process. This is why you work ICU in hazmat suits (various kinds), and the patients are behind tents or curtaining in rooms with a negative-pressure airflow.
Natural immunity is NOT permanent. In all the daily arguments over meds vs supplements that seem endless on this forum, I don’t think most readers understand or accept this. Time catches up to everyone.
Nothing is permanent. We all die eventually. But you can have a healthy immune system even as you age. My MIL and mother both fought off covid successfully. One is in her 90’s, and the other in her late 70’s. Several family members and friends ranging in age from 70 to late 90’s fought off covid sucessfully. A poor immune system is not a forgone conclusion as you age.
Sorry to disagree, but it absolutely is a foregone conclusion. There’s just individual variance. The fact that statistically a FEW individuals still have immune response in their 90s does not make that typical in any way. MOST do not. How do you suppose actuaries calculate life expectancy?
My mother is alive at 93, but very frail. My father died of cancer in his 60s. I will almost certainly die somewhere between those two ages.
I grew up along the river and had to work in the garden. My sibs and I pulled up veggies and ate them right out of the ground. We just rubbed them clean, but they were still a bit gritty. 🙂 When our baby pigs got scours (diarrhea in people’s speak) we fed them dirt in a pan, and it cleared the ailment up in one day. My point in all this is a little bit of river dirt gave us and the hogs great immune systems. I’m 68 and am rarely ill and when I do feel something coming on, I take echinacea that I hunt and gather and make a tincture with. We live in too much of a germ-free environment. IMO.
“We live in too much of a germ-free environment. IMO.”
I absolutely agree.
It’s not an accident either.
Back in the 90s when they were eliminating school playgrounds , they really started pushing antibacterial soap, etc and the sterile world.
Dumbocrat weight loss program.
I paid almost $4.00 for a large tomato
while Kraft Macaroni and Cheese was less than $2.00 per box!
Whoa! Do you live in Alaska? If not, you really need to find a new grocery store. I just bought a case of 18 boxes of Kraft mac and cheese for 12.99 at my local BJ’s (on sale from a regular 15.49). That means I paid about 72 cents per box. They’re a dollar a box at the regular grocery store. Tomatoes grow like weeds in this part of the country so I’m not even sure what they charge around here, but I’m reasonably certain it’s not 4 dollars a tomato!
Same here.
When tomato’s are expensive I buy other vegetables.
If the things on my shopping list are over the top in prices then I will substitute something else.
When we were growing up as kids we did not have all fruits and vegetables on demand year round like we do now because of the imports from around the world.
I remember only having good and affordable things during season, like citrus mostly in the winter and apples and pears mostly in the fall, so the rest of the year we adapted and did without.
We managed to stay pretty healthy with our Mom’s cooking simple meals with what was available.
Agree!
I just did weekly farmers market trip yesterday.
And sometimes the farmers market can be more expensive on some things….
I filled to overflowing a big canvas shopping bag…
Tomatoes- regular and cherry, Zucchini, eggplant, squash,jalapeños, green peppers, bag of mixed salad greens and cucumbers……
All for 21.00.
And everything was just picked. I paid 2.00 for a super full pint container of fresh cherry tomatoes. They are now in ceramic colander on kitchen counter….snack food.
I did read article recently by one of the “big names”…think it was Bloomberg…that due to drought…blah..blah..blah…
that the price of tomatoes and tomato products would be going up a lot….and possibly shortages.
As Sundance says—prepare accordingly.
Fairly crappy service and higher prices certainly didn’t help, Raj…
Yes, the USPS is so much better …
oh NO it’s not
USPS has been misdelivering mail in my new neighborhood in Florida just as well as they did in Texas
And, we have a great Postmaster here in Florida:
Florida Postmaster arrested on charges of battery, DUI
July 21, 2022
https://www.mysuncoast.com/2022/07/21/nokomis-postmaster-arrested-charges-battery-dui/
https://postaltimes.com/postalnews/florida-postmaster-arrested-on-charges-of-battery-dui/
https://www.yoursun.com/venice/news/nokomis-postmaster-charged-with-dui-battery/article_f77976ee-0841-11ed-9c06-db3c235f221f.html
Not really. It was for a while, but they have been losing my packages and raising rates very quickly. I switched to UPS almost exclusively.
Same here!
Must be a regional problem.
I live here in Colorado and have relatives down south that make me promise to NEVER use UPS when I ship parcels to them.
They insist I must use USPS so I do.
They say UPS always breaks and damages their items and loses the parcels.
They are fierce in their dislike for UPS which I have no real problem with here in my area.
Go figure.
Especially when delivering ballots… often more than needed!
You can always use the postal service or maybe Amazon.
I had ’round’ boxes arrive at my doorstep. I’m pretty sure they were cubes when packed at the seller.
Haha that is spot on.
I think something he didn’t mention according to my scan of excerpts of what he said is that Amazon has been doing much of it’s own deliveries in Amazon delivery vans and using UPS and USPS in cases when it doesn’t and NOT FedEx.
My question is this: Where does Amazon’s stuff come from to stash in their warehouses? How does it get there?
Somewhere today, I read a blurb that Amazon was closing a warehouse or two here and there. In my corner of the US of A, we have 3 of them. WTF?
Amazon scaled up quickly during the pandemic leasing and buying warehouses to expand rapidly. Much of that demand has softened. Now add the reduced demand of no money and they are shrinking capacity. It is actually a smart move, but expensive in the short term.
I wonder about the business climate as in counties outside of Cook County, warehouse construction, over the last 5+ years, has exploded. Ikea has a huge warehouse too.
Am wondering if the Amazon product idea will mature and backslide?
You should look at my neck of the woods, Lehigh Valley PA. About 30 years ago, a warehouse building boom started here, the reason being that 1/3 of U.S. population was within a 8 -hour/day’s drive from this spot. It is still going on. We have two Amazon facilities here, a huge Fed Ex Ground terminal next door to the region’s airport, UPS opened a hub next door to the newer Amazon warehouse. Keep in mind that 80 to 90% of the land occupied by the warehouses was formerly agricultural. The latest “casualty” was a 40 – year old aqua park that operated at an old cement quarry, the owner got $16.1 million from a commercial developer for the 35 – acre property, two flex – type warehouses are going to be built there however the scuba diving school will still be in operation at the quarry. This region was known for the long – gone heavy industry stalwarts Bethlehem Steel and Mack Trucks.
They are planning to close a couple dozen and stopped construction of a bunch of other warehouses a few months ago
They have their own ships also that can load/unload in smaller ports. Also, before the shithead was installed, they, along with the likes of Wally World, were shipping in lots and lots of product. These people are beyond evil. Fed-exxxx is stupid. Their rates for the last 5-plus years have gone up. I stopped using them 7-plus years ago when they gave a c.o.d. Package to someone, let them copy the product, no check, and they sent the package back as declined. The reason I know they let the person copy it, is because later it was seen they had my product
Also, if you send cash in a Fed-ex envelope, they will take it and you have to prove it was not money from a criminal activity. They’re all snake🐍🐍🐍🐍🐍
Amazon routes around the problems caused by California. This was actually covered early on in the supply line problems as the story unfolded. Sundance is a reliable go-to source for this and many other insights.
FedEx stopped doing business with Amazon sometime ago as they knew how much of a delivery competitor Amazon was going to turn out to be. They were right…
Actually Amazon dropped FedEx because they could not depend on them to meet Prime schedules.
Amazon can’t depend on itself to meet Prime schedules either. We no longer assume Amazon will actually get us something to us by the date and time it claims. We’re considering ditching our Amazon Prime membership.
It is entertaining watching their trucks wander from warehouse to warehouse though, sometimes returning to the same warehouse a day later.
In heck and gone Oregon, they partner with USPS so it’s double the fun. I think the last time I saw a FedEx truck was delivering a small refer a few years ago. UPS still does deliveries though, mostly heavy stuff. They must have a formula for rural locations.
If not for the Prime deal for low income seniors I’d likely be right there with you on ditching it. When fuel is six bucks a gallon and town is 40 miles round trip, it has value, for now.
FedEx and Amazon went their separate ways a couple of years ago.
Fedex are farming out deliveries – I see strange cars and trucks
delivering in my neighborhood – and the drivers are wearing
Fedex uniforms.
Same with Amazon
That’s usually due to lack of vehicles. We’ve seen UPS and Amazon drivers in U-Hauls. I asked the girl why she was in a U-Haul, not enough trucks
I don’t know about the UPS package delivery vans, but I do know that UPS does rent tractors and trailers, especially during the peak season (mid-Nov thru mid-Jan) and they also subcontract jobs to independents during that period.
I just asked my son and he said the UPS hub where he works does have some Penske and U-haul rentals for package delivery, because they have a large number of UPS vans in for repair.
He said they usually have them around Christmas to cover increased demand.
They just slap one of those magnetic signs on the door to identify them as UPS vehicles.
My son drives big rigs for UPS.
He usually operates in the NY-PA-NJ tri-state area, but occasionally they’ll have him shuttle trailers between a nearby Amazon warehouse and the UPS hub.
Sounds like he works in my neck of the woods, there is a relatively new Amazon warehouse and a UPS hub right off of Route PA – 33 just northwest of Easton PA.
The great pretending…….is on purpose.
Destroy Main Street and Middle Class.
No doubt on purpose, but what are we missing? The Dems get power from big government, the government needs the dollar for power, why destroy the economy (and the dollar) through inflationary spending?
A collapse/default/reset to replace with a new improved dollar? CBDC? TPTB/WEF know that BRICS and all second, third world economies aren’t transitioning to wind solar anytime soon if ever. These economies will continue churning more and more carbon into our shared atmosphere as their populations grow . But the glaciers are melting….again We are missing something here.
Posted a similar post that got stuck in the “Approval” bucket. You are spot on.
One can research the history of human feudalism for insight and comparisons. The concept is as old as humanity. Freedom, liberty and independence have proliferated beyond the acceptable amount, particularly in the West.
Look at how and what the Covid operation, and now the moves by government and industry, including all the ‘green’ stuff, have done to our freedom, liberty and independence. Reality.
I think there are a lot of “benefits” the global & domestic elites get from middle America’s destruction.
I agree with you that a “benefit” is to usher some type of currency reset & added control measures on the population. Thus, additional tyranny & control imposed.
More importantly – I think it is just plain hate. HATE.
They hate our country.
They hate our love of country.
They hate our belief in God.
They hate God. Do not be fooled to think they are atheists. They believe & hate God.
They want the USA and her people erased. Obliterated.
Hate.
Quite disquieting to realize the cabal’s actions & thoughts all governed by HATE.
At the same time, quite liberating. As you then know the enemy & what it wants from you.
Those not killed by the vaccine will be killed by starvation and the violence that erupts in the food wars.
“Heading into a recession?” We’ve been in one for months.
Some are affected more than others. Of course, it’s always been like that. We can examine the Great Depression for parallels. Those of us who already are existing at subsistence levels and under threat from the regime are likely feeling it more than others. Some may be relatively unaffected.
Unfortunately, given the recent loss of trust in government and institutions, it’s IMO very difficult to believe and trust any information out there beyond what we can verify personally in our own lives.
After the last crash when local UI was in the double digits and banks and corps were getting bailed out en masse while foreclosures proliferated I opined that the next crash would make that one look like a pleasant sunny Sunday afternoon.
Do you believe we are there? IDK. I’ve been having a really cold feeling the last week or so, like death. Last time I felt it was motoring across the harbor to the Arizona Memorial a couple decades ago. I sensed death. It’s coming.
Since death comes for all, why not accept the inevitability? Make friends with that constant companion. Do the simple things for protection and preservation, all the while knowing you must lose that fight eventually. Anyway, that’s my philosophical approach. It relieved my own fear of death years ago.
I’m now able to work on daily problem solving with less stress, and I celebrate every small victory. There are always innovations one can devise to improve conditions, even with no means. Humans are designed, and also evolved, for exactly this kind of creativity. We build systems and alliances.
That is a very interesting philosophy and attitude Invisible Mikey.
Many resist the “cutting back” and complain.
They do not want to “live with less”.
What they seem to refuse to give up is junk food, more crap from China that they are buying on time, running around like chickens with their heads cut off taking kids to five different sports and other activities a week and even more on the weekend.
Life is run run run run run run and SPEND.
We have a big Amish community here and they do not “churn the water so hard” in getting things done.
They just seem to get up and go about their day, peacefully some how.
Maybe it is their religious out look on life, I do not know.
I know them well enough to know they have their problems with health and other setbacks but the overwhelming sense of fear and despair is not in them like it is in so many others.
They get up in the morning and work and at their set goals and go to bed at night and the next day they do the same thing all over again.
It is a good thing to lose the Fear and the Anxiety that follows so many now days.
Do what we can to solve our problems and do not worry about what we can not do anything about.
Clearly a pessimist.
And likely an agnostic. Or atheist.
Death is eternal life for those who believe in Christ.
Work on that without stress though.
Looks like the experts got it wrong again.
Just think leftist and deep state filth….after your illegal actions wreak havoc on us….we will have a whole lot of time on our hands with nothing to lose…
What oh what will we do with all that time?
We will put those skills we have acquired to good use. Semper Fi
Just wanting to be “left alone”….
Polish your brass and re-qualify…………………
My chuckle for the day.😏
Semper Fi
Hell, in today’s climate I’m qualified to be an “economist”. I’d put Fangdog and Sundance in the “economic expert” category above the shills like krugman et al.
The Build Back Better / Green New Deal climate change agenda is destroying every economy based on ‘collectively agreed‘ energy policy. Energy driven supply side inflation is crushing consumers in every western economy. Sales and purchases of goods have stopped. Affording food, fuel and housing is the focus of billions. Yet, denial is everywhere.
I remember reading – “And for this cause God shall send them strong delusion, that they should believe a lie:” – 2 Thessalonians 2:3
Most secure election – lie
Vaxx is safe and effective – lie
Donald Trump is a Russia operative – lie
Ivermectin doesn’t help with Covid – lie
Border is secure – lie
Men can become women – lie
That is just a few of the lies from the last two years.
Do I need to continue?
TPTB lie about everything. Then they lie about the lies.
Rather than denial, is it quite possible it is delusion?
This here is perfect
Lies continue because media refuses to report reality.
Government is the most corrupt entity in America.
To purposely destroy our economy is unforgivable.
3rd party removal of free speech directed by state and federal government is unforgivable.
Purposely destroying energy production is unforgivable.
U.S. government is the most corrupt government in the world!
Should we just start using the terms: They are ‘Reality Deniers’, ‘Truth Deniers’, ‘Reason Deniers’, ‘Corruption Deniers’, ‘Freedom of Speech Deniers’, ‘Destruction of Economy Deniers’, ‘Constitution deniers’, ‘Energy Deniers’, and ‘America and Liberty Deniers’?
The list goes on and on, especially ‘Morality and Responsibility Deniers’!
Oops, right verse, wrong address – 2 Thessalonians 2:11 would be correct.
Had to look up your 1st verse. Seems even more befitting:
Let no one deceive you in any way; for that day will not come unless the rebellion comes first and the lawless one is revealed, the one destined for …
The entire short book of 2 Thessalonians is fantastic.
There’s an evil aspect that’s quite obvious too.
https://thenationalpulse.com/2022/09/09/well-steal-your-soul-bidens-monkeypox-spox-has-a-penchant-for-pentagrams-occultism-and-satanism/
Well done!
Don’t believe your wallet, just listen to us.
What wallet? Too empty to carry..
Considering the comments coming from EU leaders, plus this from Fedex, this fall and winter should be the start of something epic.
Collapsing economies meet cold homes and hungry bellies……for a world waiting on a spark I believe it’s going to find one.
You could be right SoonerBob.
I also do not think that the reset our Western World leaders are planning on is the the one they are going to get.
As an aside… FedEx delivery in my area is atrocious. Hs never been good. I’ve had things lost, misdelivered, or plain ignored because the guy was in a hurry.
Like the time the FedEx truck passed by my house without stopping, with a package. I chased the truck and he stated that I wasn’t home. I told him I was in the garage all along and saw him go by twice up and down the street. He shrugged, didn’t care…. so now I ask that all my deliveries do NOT use FedEx.
I remember one time a couple years ago when the UPS driver delivering a package lingered in the driveway and a few minutes later a FedEx truck showed up and parked there too, this my residential driveway in the forest, and they spent a good 15-20 minutes there parked.
I wondered if maybe they were having and affair 😀
Dunes that could be. I worked in a nursing home for a bit and one of the elderly ladies was removing her top blouse. One of the aids asked her why she wanted to take her top off and the elderly gal said, “because the mailman is coming.” Sweet old souls.
Viva Mexico 🇲🇽
The grinding down of America. It’s looking like Amazon is positioned to be the State eStore. Amazon Prime vehicles and warehouse dot the landscape already. It will not take much more than another government transfer for them to subsume FedEx/UPS trucks and IT systems.
Amazon does not have to make a profit they have significant federal contracting mechanisms to maintain their predatory pricing and delivery service.
Does that guy look and sound like someone interested in free market competition or a globalist corporate vulture? Tank FedEx and he’ll be sipping rum on his own Caribbean island.
It’s really simple, Mr. Fedex: If you can’t afford to buy something and put it off until later, you are not going to pay for having it delivered overnight.
<…you are not going to pay for having it delivered overnight.>
Absolutely…Positively 🙂
The stimulus worked. Lol
It stimulated.
Now, we get the hangover.
Inflation and raised Fed rates.
Sucks to be us.
I hope evrybody bought their homes, and
took out their business loans 3 years ago.
We, the Poor People, have stimulated the purchase of shiny new e-cars for The Wealthy coastal elites. And the 90,000 new IRS Agents will ensure the wealthy get our tax dollars to buy their new cars.
Back in 2019, Amazon quit using fedex because of poor performance. They lifted it in Jan, 2020.
https://www.forbes.com/sites/richardkestenbaum/2019/12/18/amazon-blocked-sellers-from-using-fedex-and-now-we-know-why/?sh=259e7b6b2da1
Amazon demanded prices that made the business unprofitable for Fed Ex. Now the contractors that are delivering for Amazon are saying the same things. Everything is going up and it looks like the middlemen have been getting squeezed and have had just about enough. Same as the truckers. The American consumer is about to be bushwhacked beyond their imagination.
They all got starry eyed with the old adage “lose $5.00 a unit but make it up on volume. Happens every time, this one is just on the grandest of scales, globally.
US Postal isn’t any better.
My mom in GA shipped her annual Christmas package to the left coast. Northern GA to Atlanta where it was lost for a week. Then shipped to Hawaii. Week delay in Atlanta was removed from USPS tracking. Stayed in Hawaii for 4 days then shipped to Los Angeles. Then another week to ship north 400 miles north.
The kicker was mom paid for 3 day delivery.
Trump was mad at the USPS because they were losing $5 billion a year. He stated that if the USPS charged Amazon the proper rate on freight for Amazon, they wouldn’t lose money each year. Trump stated the USPS was essentially subsidizing Amazon.
I remember that.
..wonder why USPS would not want to make a profit?
Because they are subsidized by taxpayers. They don’t care if they’re profitable, they get bailed out by us
When my daughter and her now husband moved to Oregon in 2019, they didn’t have room in their car for everything, so I shipped their books to them using USPS and their book rate. Still expensive but not too bad. The books went to Alaska for a week and for months and months, long after the 3 boxes had been delivered, I received messages that the one box was on its way. I tried telling them it was delivered but nope, they kept saying it wasn’t. After something like a year, they told me the box was lost and I could make a claim if I so desired. I did not
The ground side of FedEx was bad. I would not use it for my eBay sales. I relied almost exclusively on the USPS until they started losing way to many packages. Now, I only ship USPS for sales under $20 that I can afford to refund and use UPS for the rest. I would like to drop UPS for the way they are treating gun dealers, but there is no one else. May be OK as I am not selling that much these days anyway.
I don’;t think they were “losing” them. I caught a carrier with a package under their feet etc after chasing them down. Tracking showed out for delivery. amazon had to quit using them for “losing” a huge amount of packages. It was nice size box, under there feet. When they said I don’t have a delivery for you. I pointed at the box on the floor beneath her legs. She picked it up and handed it to me.
Theft is rampant in the PO I hear.
FedEx dumped them because Amazon wanted preferred pricing while building out a competitor delivery system
Economic pretending for sure. I can’t be the only one deferring spending and waiting for deals on basic food items. We only eat what is on sale and discretionary spending is out the window.
Any discretionary spending I otherwise had now goes to saving up to pay the inflated, breathtaking, power bills and to buy diesel.
Same here Dunes.
Thank Heavens we are not growing out of our clothes and do not need too many new things.
I buy a lot at thrift stores, a habit I developed with five busy boys to clothe many decades ago when I discovered if I looked carefully I could find good quality sturdy second hand clothing in good shape instead of buying the newer cheap stuff from places like Walmart which is all I could have afforded on our budget.
We did much the same with furniture.
Now we have a house full of furniture and closets full of clothing, blankets sheets towels and pretty much all we buy is food and cleaning supplies etc.
They won’t stop until they are stopped.
I remember Rush talking about a new kind of CEO and BODs who have different priorities for their companies.
The CEOS bought in (fully) to social issues and climate change even if those issues effected their bottom line. That was one of the most disappointing bits of info I had heard at the time.
This CEO has to have known where the Climate agenda was headed the minute the Obama/Biden admin came into power.
Triple Bottom Line. People, planet, profit (i.e. adding social Justice and environmentalism to the business model).
Look in corporate marketing and communications. You will see the TBL *everywhere*.
I am an eBay seller. My sales have crashed. I was shipping an average of 4-5 packages a day. Now I do good to ship 4-5 a week. Multiply me by the entire eBay community, etsy and independent sellers at Amazon, and you have a pretty huge cut in the shipping volume at USPS, UPS and FedEx.
Do you keep your buyers’ list? If so, on occasion ask them what they might have a need of, and then provide it.
Yes, it might be one-off sales but if you can find a common need you just might be able to pick up sales volume.
Your buyer list can be a gold mine.
And, perhaps you already know this about a list of buyers.
My customers are businesses, mostly small manufacturers and hobbyists with small businesses. They are mostly hunkering down. I am open to offers for almost everything I sell. I have been accepting offers that I would have ignored before. Helps both of us to survive.
Its a make believe world.
No fear, the GOPe, ChinaMitch, Kev, 15WeekGraham, TombstoneThune, CorynDog, LoserLankford, StepfordSenatorErnst and the rest of the gang is doing everthing they can to stay in 2nd place and kill the chances of any AF candidate.
No workie no payie. No ordersie, no workie, no payie. No gasie, no workie, no payie. No payie, no rentie, no homie.
At this point how can a Civil War even be avoided.
“Economists have sparred for months over whether or not the US is heading into a recession.”
That’s not even pretending. That’s just a flat-out, bald-faced lie. The economy IS in a recession using the very basic, accepted, definition used for the past, oh 50 years. Just like a vaccine now no longer has to stop you from catching, getting sick from, or spreading a disease. A vaccine now is simply a shot ordered by the government as a condition of legal citizenship. A recession now is a ‘nuanced’ measure of economic activity that ought not be tied to pesky things like GDP declines that have been going on now for 6+ months…
They lie so much, and they lie so easily, that they now just lie without even thinking about how stupid their lies have become.
Such lieing as you describe inevitably leads to believing the lies you tell, and losing contact with reality.
The insane idiots in charge have been at that point, in that ‘zone’ for some time.
When civilization collapses Schwab will just hunker down in his bunker. The rest of the world will die slowly. Leaving just the billionaires. Is this the real goal?
If they go into their bunkers we should weld the doors shut.
I have thought that, should there be a billionaire rush to the bunkers, Monkeywerx would probably catch it live as it happened, and then we would all know it’s go time on the worst.
I know he can ID Steven Spielberg’s plane, for one.
Modern feudalism?
I believe I saw a movie similar to that a long time ago.
Some kind of horrible war was threatened and an elite group of members of a population fled to a domed area for protection.
They were convinced they could survive the fall out and then re-appear when the planet cleared itself from the “poison air and poison water and poison land”.
So they hunkered down for a long long time in this artificial environment cutting back on their food and water and clothing and everything because they were running out.
They were fearful to even take a look outside the dome to see if it was safe, they were safe inside and hat was where they were going to stay until they were absolutely positive outside the dome was OK, they were taking NO CHANCES.
Mean while outside the dome there had never been any kind of real disaster and the rest of the population was enjoying themselves in the sunshine.
They were playing in the parks, swimming in the creeks, having lunch out doors and just enjoying themselves in relaxed and comfortable ways of life.
While the former wealthy leaders were holed up in the slightly dark, smelly, falling apart fake atmosphere of this dome life which they thought was saving them but it was killing them.
The joke is going to be on our elites, not us.
And CNNBuisness is shocked, just shocked.
“US stocks fell on Friday after FedEx served investors a brutal pre-earnings announcement about the state of the global economy.
The Dow was down 354 points, or 1.2%, lower on Friday afternoon. The S&P 500 fell 1.5% and the Nasdaq was down 1.8%.
Shares of FedEx were down more than 22% after the company withdrew its full-year guidance late Thursday and warned that a slowing economy will cause it to fall $500 million short of its revenue target. The weakening global economy, particularly in Asia and Europe has hurt FedEx (FDX) (FDX)’s express delivery business. The company said demand for packages weakened considerably in the final weeks of the quarter.
During an interview Thursday on CNBC, FedEx CEO Raj Subramaniam was asked if he believes the slowdown in his business is a sign of the start of a global recession.”
“I think so,” he responded. “These numbers, they don’t portend very well.”
FedEx is a nearly $100B company. A $500M earnings shortfall is significant but against $96B, they’re not dead yet.
https://www.macrotrends.net/stocks/charts/FDX/fedex/gross-profit
Declining revenues have been a feature of FedEx since Spring 2021.
Here’s UPS:
https://www.macrotrends.net/stocks/charts/UPS/ups/gross-profit
Similar story.
I see more amazon trucks then fedex or ups they exploded in past few years usps needs to get blown up
USPS is Amazon where I live. It’s telling that no one has contracted yet as a direct Amazon delivery service nor has Amazon started their own coverage. Hence, the Amazon semi’s back up to the post office loading dock early each morning and the sort begins. I imagine it’s like that in many parts of rural America.
I wish I knew more about the relationship so I could figure out better ways of sticking it to Amazon. I love their pricing errors and non-returnable policy on food. Manna from heaven, heh.
The globalist cabal is emptying our retirement accounts while we watch.
A few months ago, actually shortly after the Canada bank run, I was posting, repetitively to the point of spamming I think, that we have enormous financial and economic warfare levers we can pull. I won’t repeat it here but you hit on one of them.
Imagine the real enemies in industry and government are using our own money to destroy us. Think about it. Pick a popular target like PDJT. Or pick one’s self. What can we do about it? The answers are out there.
Very true Dunes, I remember you comments.
And 4 to 6 weeks ago they sent out a nudge to those in cash about how they were making a mistake “locking in losses.”
Then they followed that up by having their minions (excuse me, stockbrokers) make a round of phone calls to pull the dumb money back in.
We are nearing the last few inches of ground before we are pushed over that precipice. And when that happens, then what?
This government is busy handing the United States over, piece by piece, to a foreign authority. By subterfuge and stealth.
It seems we are no longer a sovereign nation but rather the personal property of those who see themselves not as legitimately elected representatives but as rulers, who can do as they please, selling us off in what by any definition is not their constitutional or legal right to do.
At such point when the bills of sale have been signed by evil men and women, where will be the Supreme Court to say no…this cannot be done. Already neutered and filled with traitors and communists (with the notable exception of Thomas and Alito, who will not live forever), it seems there is nothing to stop what’s coming.
To repeat myself, a pox on every person who has brought us down from the heights we were experiencing through a legitimately elected president who loves this country and wants only the best for us, to the misery we are experiencing through the malicious and greedy destroyers of all that is good and right.
Nemesis can’t come quickly enough.
Steve Bannon was on a rant today about Fed Ex. He wants to see an investigation as to when the CEO actually knew about their financial disaster and I hope some Politicians do take this up. I am a Fed Ex stock holder and when I looked at the stock price this morning I almost had a coronary. I lost over $30,000 in one day. Can you imagine how many other companies are not telling the truth. Raj has a lot of explaining to do.
Yes he does. It is interesting. I think they (the DeepState/Uniparty) were hoping to delay most of the pain until after the November election so they would have an easier time cheating and/or casting blame. I believe the wheels on the economy have come off sooner than they ever anticipated.
FedEx banned OT several months ago, cut hiring, and canceled some new buildings. They knew what was coming.
Did Nancy and Paul Pelosi short FedEx? I bet they did.
Biden’s War on Energy aims to triple the cost of energy for Americans. With demand relatively inelastic, that means the cost of energy as a percent of the economy will go from 10% to 30%. That is a loss of real income. Add in the economic overhead of rejiggering all industry and we can expect a 25% decline in real incomes. This will be a depression. It will also be global, which will hurt our exports. This impact will hurt working (tax paying) Americans the most as retirees have cost of living adjustments. Add to the declining real wages an increase in taxes to finance the national debt and I worry that workers cannot carry that burden.
As a retiree, I must say our cost of living adjustment will be immediately devoured by increases in Medicare. The cost of living increase doesn’t come close to reality. We are struggling along with others. Inflation is a terrible tax on our savings…our seed corn as I think of it.
No one is immune from the effects of what is happening now, seemingly with no end.
BJ, and anyone else struggling with this issue.
Obviously, each persons situation is different, but something many may not consider as an option, but should?
Bearing in mind that the medical or healthcare system is all in on;
The Trans foolishness.
The Covid hoax.
The TRANSHUMANIST insanity.
Do you REALLY want to continue to rely on it, for your medical care?
Paying $170/ month, per person for ‘health insurance’ so that, after stressing over co-pays and deductibles, and out of network and out of pocket expences, you get not just crappy healthcare, but healthcare that may well kill you.
Consider (again, not for everyone) opting out of medicare, part B and D, which is what the premium pays for.
You will still have part A (hospitalisation) can not opt out, and nothing is taken from SS for that.
So, heart attack or any major issue leading to hospitalisation is still covered.
For those who have medications they take every day, first off do some research to detirmine do they REALLY need them, for instance statins are trash. And if necesary, consider the cost of ordering from India.
Long term, given how medical care has shown its true nature, ALL need to start thinking “outside the box” and how to wean themselves off of established medicine AND break that false narrative link between healthcare INSURANCE, and medical treatment.
Remember when a kidney donor and recipient were denied the surgery, without the jab?
They are now finding the jab is causing organ recipients to reject the donated organ.
Do you REALLY want to depend on the medical system that is prioritising POC patients over white, to make up for past discrimination, rather than prioritising patients without regard to race, based on severity of condition?
WHAT is a medicare ‘beneficiary’ actually benefiting FROM?
WHAT are they actually getting, for the $170/ mo?
I appreciate that, Dutchman, and I know you have posted these points before.
The misnomer here is healthcare. There is no such thing anymore. And when one reaches a certain age, the government is not interested in maintaining health. Soonest gone is their goal. So to that end we do our best to stay out of the clutches of doctors and hospitals. So far, so good. But that won’t last forever. But for the moment we will, as the British say, stick with nurse for fear of something worse.
I can remember when I was about 8 my surgeon father having a rant about the NHS in Britain, saying the worst thing for the practice of good medicine would be the government taking over. Don’t ask me how I remember that, but it made an impression on me, and I’ve never forgotten it. Decades later, I experienced the NHS, which is not fit for purpose. My father is probably doing somersaults at this moment, pointing a finger and delivering the most righteous “told you so”, as the profession he served compassionately and well continues to morph into nothing but a vehicle to hurry us off this planet as fast as it can. And if it can bankrupt you in the process? Well, that is just a bonus.
So healthcare? It isn’t. Not by a long shot.
My own mother was a victim of a “Death Panel” type of prognosis. It broke my heart as the Doctors at this state teaching/medical school simply couldn’t be bothered.
Ah, but it won’t be a “Global recession”, so much as a 1/2 global recession, and both geographically and populationwise, only the SMALLER 1/2.
WEF countries, all in on the jointly agreed disasterous energy policies, are and will continue to have their economies collapse.
Meanwhile, Russias Ruble at a 7 year high, and Countries that align with BRICS and so continue to have affordable energy?
Granted, America IS, or at least has long been THE consumer nation, so even BRICS+ nations will see some contraction, but nothing like the WEFers.
While I absolutely agree that it’s a waste of $170 a month for so called health care, I have some very expensive assets. Before following up on your advice I’d have to add, find a way to protect your assets because the hospitals WILL BE coming after them.
I had a bad fall from a horse a few months ago and while unconscious I was transported to the hospital. For a simple concussion and no other issues, I was charged $28,373 for a ct scan, the transport, iv, hospital room for 1 day and doctor.
Had I been conscious I wouldn’t have gone, but I wasn’t given a choice. It took me almost 4 hours to regain consciousness.
If not for Medicare the bill would have been $73;886.
That’s a big chunk of change to fork over out of pocket.
They get you over a barrel with charges.
They want it all.
So far now most assets can not be entailed for medical bill, at least not here in Colorado.
It might be a good idea to check and move vulnerable asset’s into more protects ones if you are worried about that.
But as things sit here in our state the medical provider is stuck with the patient saying ” I can pay you $100 a month until the bill is paid or $50 a month or whatever.
They can not take assets en force.
I have told several friends to never take out a loan to pay off big medical bills, just talk to the provider and make payment arrangements.
That way the provider is “the banker” and they carry the interest instead of you.
I have a good friend who just got a whopper of a hospital bill and she just made arrangements to pay $50 a month.
She laughed a bit because at her age she will pay this until the day she dies and still might not get this bill payed completely off but she will give it a shot.
I am spreading this article along with CTH’s map of the Green Continents vs. the Fossil Fuels Continents and the BRICS coalition. It is definitely an ENERGY DRIVEN RECESSION which I believe started in May of this year. CTH has all the data points to show me IMHO where we are at now. Stock up on the pantry goods while you can, grow what you can, and can what you can. Peace and love to all Treepers, prayers to keep us all safe. Thank you Sundance.
Main Street reality in Chicago with McDonald’s.
Op-ed piece by the McDonald’s CEO appeared in Wednesday’s WSJ plus new op-ed by the WSJ in today’s issue re Chicago.
Reality.
Maybe fedex should have gotten a contract for all those mail-in ballots.
Maybe.
Thank you for the laugh.
I had an epiphany today.
Doesn’t it seem rather ironic that these globalist idiots are hitching their countries to climate change for energy?
Wind is subject to climate change.
Solar is subject to climate change.
So the very thing they claim they can cure is the very thing they are expecting us to count on for survival.
They don’t expect us to survive
They know it is not a real crisis and the know that their green agendas would do nothing even it was an actual crisis.
It is a transfer of wealth, sovereignty and population control that is needed for depopulation and global governance. That, they know.
Yeah little to no wind and cloudy days means NO energy!! What could go wrong? But reliable, plentiful oil, natural gas and coal burn 24/7 no need for wind or sunshine!!!
Say “Hello” to “Next-Decade Air”…when you absolutely, positively need to get it there by 2032!
Well that’s one way to fix the fleet of ships stuck 80 miles offshore of Port of LA waiting to unload. Kill demand by making everyone poor.
The powers that be are working assiduously to hide the destruction until after the midterms when it will no longer be able to be hidden. It’s a neck and neck race between a visible economic tsunami and the election.
‘Denial is everywhere.’ – Sundance
Dr Campbell Harvey, a professor of finance at Duke, points out that after the Fed’s expected rate hike next week, the yield on 3-month Treasury bills likely will exceed the yield on 10-year Treasuries. That’s an upside-down situation called yield curve inversion. And it’s the single best predictor of recession.
“It is a pity that the Fed needs to induce a recession to make up for their lethargic reaction to early signs that inflation was going to be persistent as well as their inexplicable policy missteps.”
“For example, why [did they] continue QE and near zero rates [in 2021] when unemployment was so low and stock prices at record highs?”
‘Harvey is a research associate at the National Bureau of Economic Research in Cambridge, Mass., which makes the official announcements on the beginning and end of U.S. recessions.’ – Marketwatch
https://archive.ph/yNvMj#selection-2379.0-2379.179
As Dr Harvey notes, the 2-year vs 10-year yield curve has been inverted since July 5th. It also is a good predictor of recession, especially when the inversion endures for 3 months or more.
Post-pandemic distortions in the labor market are misleading the Fed. Many exited the labor force, and aren’t counted in the unemployment rate. A Heritage Foundation researcher estimates that 1.3 million people who hold two jobs are double-counted in the establishment survey.
In every recession, unemployment is a lagging indicator, often not rising strongly until the recession is already half over.
Thus the Federal Reserve, like Ray Charles trying to drive a school bus down Pikes Peak, won’t see the recession coming until the bus has already gone airborne after missing a hairpin turn.
I believe that a lot of companies are also downsizing by attrition, so the layoffs have not been anything close to what may come in the next waves.
Monica Crowley was on Bannon’s Warroom the other day and said one of her local restaurants was charging $29 for a BLT. She was calling in a carryout order and when she founf out the price she said No Thank You.
Just finished my lunch here–a huge and yummy BLT on a couple of slices of Dave’s Killer Bread and some homemade applesauce.
Homegrown tomatoes are huge and yummy. The bacon came from great sale my son picked up on about a year ago.
My cost was about maybe around a dollar: every necessary purchase involved was made over a year ago.
Good job Sharon.
And even if you made that BLT from products brought more recently it would not cost $29.
Dave’s Bread in my area supermarkets sells for $6 to $7 a loaf.
The question I have is why did FedEx believe back in June that the outlook was good? Were their accountants and bigwigs not buying food or filling their gas tanks? Couldn’t they see the impact those huge price increases would have on most people? Are they so lacking in empathy that they couldn’t predict the massive fallout that would hit their own business?
This CEO and probably the Board knew what is coming. All it takes is the promise and riches and power after the reset. Their job is to usher it in without anyone knowing.
Really if they think that we do not know then they are dumber than I thought they were.
We know.
The Fed was busy telling everyone the consumer had plenty of money in their wallets because of the stimulus
They knew. They banned OT a couple of months ago, canceled new buildings, and have been offering the contractors a lots less money when their contracts come up – leading to contractors leaving or cutting routes/drivers.
I want these reptiles incarcerated and sent to the scrap heap of history
And, I’m not pretending.
….and Fedex is only the first domino to fall
I was talking to my farmer buddy’s this morning who farm all crops from “soup to nuts. We talked about the food shortage and growing their own food. Not a one of them have a garden and all agreed on the same thing. “Go down and buy a case of ‘canned peaches’ then put it in your storeroom”.
Not a one of them do that. They just buy as they go. They did complain about the prices they are receiving for what they grow is too low because of oversupply due to low demand for the quantity they grow.
That is weird Fangdog.
My farmer friends are exactly the opposite.
They have huge barns and storage facilities that they have stashed lots and lots and lots of boxes of canned goods and hundred pound sacks of potatoes and carrots and dried beans.
They are growing gardens and have flocks of chickens and goats that are somewhat hidden from sight.
They have let their trees and bushes around their homes over grow to hide these flocks and animals.
They do not tell people what they have and what they are preparing for.
They have accommodated their house well with hand pumps and they are preparing.
They just do not yak it all about for the world to know about it.
They have continued to farm the big stuff and complain about everything in public but they are working on their own personal prep.
Economists have sparred for months over whether or not the US is heading into a recession’
What do you know, these ‘economists’ must have gone through the same university training as the meteorologists predicting out weather. Just Open the Fricking Window!!
… and during Trump’s presidency they were always ‘surprised’ by the ‘unexpected’ jobs and wage growth numbers.
Now, not so much.
Went to Sam’s Club today. Got 7 items. red Taters, brocoli, asparagas , rotissarie chicken, paper plates (members mark brand), garbage bags (members mark brand), and 4 NY strip steaks. Total was $112.00. Had it been bagged, I could have Carried it out in one hand. Not that many people shopping in the store. As a matter of fact, for a Friday, it was pretty empty of customers. Upstate S.C.
Thanks for the report and enjoy the steaks!
I recall a couple months ago when the convoy was in D.C. a local wandered Eastern Market there and, though I wasn’t shocked at the plentiful selection I was shocked at how inexpensive the prices were, far less expensive than locally where I live in Oregon. Sample:
That’s not some dive, rather a historic, widely known market practically in the shadow of the Capitol. Privilege has its perks?
The mid-Atlantic has a lot of fresh food – seafood, beef, produce, chickens, etc.
Atlanta FED says GDP for quarter will drop one full point, the market is in 30k territory, Bitcoin is flirting with 18k, transactional activity in banks is evaporating, and we know how inflation is adding increase upon increase. All the metrics are headed down. But people still vote for these crooks. It’s like being in a subway with a pickpocket’s hand jammed down your pants and you say and do nothing. Societal suicide is quite a remarkable thing to watch.
Is the UPS announcement being held back on purpose or will it be held back until the UPS union contract expires in spring ?
Of course we’re not heading into a recession – we are already in one.
When I see a FedEx plane I think Tom Hanks.
I hate that movie. My husband will always land on it when he’s flipping through the channels. He’ll watch it to the end and then get all pissed off all over again when he sees that the Helen Hunt character waited about 20 seconds to find someone new.
Who knew there could be such an intense relationship with a coconut…..
I’m sure they will be fine if they just convert over to E-FedEx Trucks \s\.
Thought to post this here to have a link to it since it was written in 2007 and references definitions from 2003 wherein it explains what the definitions were then of recession and depression – just in case the talking heads prefer to come up with a new definition for depression sometime in the next year, or two:
The article is from the Federal Reserve San Francisco explaining the difference between the two:
https://www.frbsf.org/education/publications/doctor-econ/2007/february/recession-depression-difference/
Just like they changed the definition of vaccine because people were using the CDC’s own definition of it against them, the Biden crew will change the definition of recession, depression or anything they want in order to lie and advance their agenda.
I believe they already coined the term “growth recession”.
Can “growth depression” as a definition be far behind?
Orwellian is an understatement.
They *LIE*.
I would add a “walk in” “secure border” to the list of ChiCom Joe’s Orwellian speak!
Can I add “most secure election” to the list?
Most Secure Election–Election of a Democrat.
A rose by any other name…?
Good to be ahead of the curve.
It looks like we’ll blow right through recession & depression in the race to the bottom.