the world getting a lesson in supply side economics... governments around the world creating money out of thin air at unprecedented rates while increases regulations that kill the supply - we get hyper inflation as we compete for the dwindling supply of goods. #Econ101
FedEx Parks Planes, Maersk Cancels Sails: World Trade Appears To Be Rapidly Deteriorating
Economic storm clouds are gathering worldwide as some of the largest shipping companies warn about sliding global trade. US shipper FedEx and Danish shipping giant A.P. Moller-Maersk A/S have been vocal about emerging signs of a global slowdown. Both of these companies are widely seen as a barometer for international trade.
The latest to warn about weakening economic growth is FedEx CFO Michael Lenz telling an audience Tuesday at the Robert W Baird Global Industrial Conference that the company has reduced flights and parked planes to cut costs in response to soft demand for package delivery.
#inflation #TheGreatReset #WEF #inflation #Depression #politics #economics
There are no comments yet.