Thursday, December 15, 2011
Economy: What FedEx Wants To Tell Us
FedEx is an economic bellwether "because it moves goods ranging from pharmaceuticals to financial documents and electronics from China", explain Bloomberg (bloomberg) and MarketWatch (marketwatch). Their business depends strongly on global trade streams and reacts very sensibly to the ups and downs of the world economy and the global retail sales, especially e-commerce. The FedEx numbers are another sign that at least the U.S. economy is in better shape than many think and that the important Christmas season is doing well.