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Economist Caution: Prepare For ‘Massive Wealth Destruction’ Take immediate steps to protect your wealth . . . NOW! That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis. Marc [...] Dropping Fed Ex Package Shipments…Recession Coming? CHART OF THE DAY: From today’s “Bloomberg Economics Brief,” Bloomberg economist Rich Yamarone releases a chart showing that FedEx’s total U.S. package shipments may indicate a bleak outlook for economic activity. Is a recession in the cards? How Federal Express Package Shipments Relate to the Economy
Federal Express Cuts 2013 Profit Forecast on Economy, Fuel
FedEx Corp., an economic bellwether as operator of the world’s largest cargo [...] CHART OF THE DAY: From today’s “Bloomberg Economics Brief,” Bloomberg economist Rich Yamarone releases a chart showing that FedEx’s total U.S. package shipments may indicate a bleak outlook for economic activity. Is a recession in the cards?
Bloomberg Economics Brief
For more information or to subscribe, visit www.bloomberg.com/brief
TODAY’S EXCERPT BELOW:
How Federal Express Package Shipments Relate to the Economy
Federal Express Cuts 2013 Profit Forecast on Economy, Fuel
FedEx Corp., an [...] France’s central bank is expecting the country to slip into recession during the third quarter. The Banque de France said today that it expects Europe’s second biggest economy to contract by 0.1 per cent in the third quarter, which ends on September 30. The bank had already predicted that the economy would shrink the same amount in the second quarter. Bleak outlook: Banque de France is preparing for the country to sink into [...] Ina Drew oversaw JP Morgan office where huge losses were made French-born, British-based Bruno Michel Iksil believed to be responsible Malnutrition primary factor in bottom countries in list Niger is worst place in the world to be a mother, new research has revealed today. The West African country, one of the globe’s poorest, has replaced Afghanistan at the bottom of a list compiled by Save the Children. Norway was judged the best place for motherhood in the charity’s annual State of the World’s Mothers [...] Spain economy ‘shrinks in Q4, outlook bleak’ MADRID, Spain — Spain’s economy shrank in the last quarter and faces a bleak outlook for the coming months, its new economy minister said on Monday, heightening fears of a fresh recession. Its top priority is to cut its unemployment rate, which is the highest in the industrial world at 21.5 percent. http://www.google.co…ffe36b59242.741 John Taylor, founder of currency hedge fund FX Concepts, spoke with Bloomberg Television’s Betty Liu and Dominic Chu this morning and said that the euro is in a “death struggle” as European policy makers seek to salvage the currency amid the region’s crisis. Taylor also said that the outlook for the euro surviving in its present form is “bleak.” BLOOMBERG TELEVISION Taylor on the outlook for the euro: “It is absolutely incredible. It’s a [...] |
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