Do we have the wit and the wisdom to restore an environment of price stability without impairing economic stability? Should we fail, I fear the distortions and uncertainty generated by inflation itself will greatly extend and exaggerate the sense of…
Risin up, back on the street Did my time, took my chances Went the distance now I’m back on my feet Just a man and his will to survive Its the eye of the tiger, Its the thrill of the…
US economic activity deterioriated more rapidly than expected during the quarter. – Scott Davis, Chairman and CEO, UPS We see no signs of economic strengthening in the second quarter. – Kurt Kuehn, CFO, UPS Contributing to the softness in revenues…
The semiconductors are viewed as being tied to the economy as a whole. – Kim Caughey, Senior Investment Analyst, Fort Pitt Capital Group Another piece of news that caught my attention yesterday was Advanced Micro Device’s (AMD), the semiconductor company,…
The US economy has continued to weaken, causing a reduction in domestic package volume and a shift away from premium products. – UPS Press Release, April 8 The piece of news that most caught my attention today was UPS (UPS), the delivery…
Clear and unmistakable recession signals from the labor market….. This magnitude of a rise in the unemployment rate has never occurred in the post-war period without the economy being in recession. – Bear Stearns This economic slump is going to…
A recession is possible….. Our estimates are that we’re slightly growing at the moment, but we think that there’s a chance that for the first half as a whole there might be a slight contraction. – Fed Chairman Bernanke (subscription required),…
Despite the challenges, the company’s solid fundamentals make the stock especially attractive for long-term investors. The shares are trading at a historic low multiple of about 12.5 times estimated fiscal 2009 earnings…. In more normal times, the stock trades at…
Remember Friday March 14 2008: it was the day the dream of global free- market capitalism died. For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible…
Mr. Thompson, President of the United States: The country is in a terrible state. People are starving and giving up, the economy is falling to pieces, nobody is producing any longer. We don’t know what to do about it. You…