While UPS furloughs, FedEx grows
06-27-2010, 07:18 AM
#21
Gets Weekends Off
Joined APC: Dec 2009
Position: Short the Market
Posts: 139
Going down?
"The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth. The department had initially said the economy grew 3.2% from January to March, then said it had grown 3%."
Anyone notice any trends or the amount of credit being destroyed in the monetary system? Anyone know how much credit yet to be destroyed?
Or how about this bit of trivia: Name the current UPS CEO who was recently the Chairman of the Federal Reserve Board of Atlanta.
06-27-2010, 07:35 AM
#22
Gets Weekends Off
Joined APC: Aug 2006
Position: B777 Captain
Posts: 566
Unfortunately, the Fed has recently guessed wrong - a lot. Greenspan used to consult with the FedEx economists on a regular basis. Predictions are fine, but there is more to running a company than economic theory. I'm not sure that I'd want to have a former Fed chairman running the company. Is he a monetarist or a new Keynesian? Do you know? It might be useful information for you in terms of what he might do next.
06-27-2010, 08:12 AM
#23
Gets Weekends Off
Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
Ding, ding, ding. We have a winner!
"The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth. The department had initially said the economy grew 3.2% from January to March, then said it had grown 3%."
Anyone notice any trends or the amount of credit being destroyed in the monetary system? Anyone know how much credit yet to be destroyed?
Or how about this bit of trivia: Name the current UPS CEO who was recently the Chairman of the Federal Reserve Board of Atlanta.
"The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth. The department had initially said the economy grew 3.2% from January to March, then said it had grown 3%."
Anyone notice any trends or the amount of credit being destroyed in the monetary system? Anyone know how much credit yet to be destroyed?
Or how about this bit of trivia: Name the current UPS CEO who was recently the Chairman of the Federal Reserve Board of Atlanta.
As our Guinness friends would say...Brilliant!!
06-27-2010, 08:37 AM
#24
With The Resistance
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Ding, ding, ding. We have a winner!
"The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth. The department had initially said the economy grew 3.2% from January to March, then said it had grown 3%."
Anyone notice any trends or the amount of credit being destroyed in the monetary system? Anyone know how much credit yet to be destroyed?
Or how about this bit of trivia: Name the current UPS CEO who was recently the Chairman of the Federal Reserve Board of Atlanta.
"The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth. The department had initially said the economy grew 3.2% from January to March, then said it had grown 3%."
Anyone notice any trends or the amount of credit being destroyed in the monetary system? Anyone know how much credit yet to be destroyed?
Or how about this bit of trivia: Name the current UPS CEO who was recently the Chairman of the Federal Reserve Board of Atlanta.
Unfortunately, the Fed has recently guessed wrong - a lot. Greenspan used to consult with the FedEx economists on a regular basis. Predictions are fine, but there is more to running a company than economic theory. I'm not sure that I'd want to have a former Fed chairman running the company. Is he a monetarist or a new Keynesian? Do you know? It might be useful information for you in terms of what he might do next.
Not a double dip, a very long and drawn out decline that will require major fundamental changes to worldwide economic policy if it is to be reversed.
06-27-2010, 09:17 AM
#25
Gets Weekends Off
Joined APC: Dec 2009
Position: Short the Market
Posts: 139
Unfortunately, the Fed has recently guessed wrong - a lot. Greenspan used to consult with the FedEx economists on a regular basis. Predictions are fine, but there is more to running a company than economic theory. I'm not sure that I'd want to have a former Fed chairman running the company. Is he a monetarist or a new Keynesian? Do you know? It might be useful information for you in terms of what he might do next.
You bring up an excellent point. I could certainly speculate, but I'm more interested in what you think.
D. Scott Davis - UPS Pressroom
06-27-2010, 10:04 AM
#26
Gets Weekends Off
Joined APC: Aug 2006
Position: B777 Captain
Posts: 566
Frankly, it doesn't matter to me that much. If I worked for UPS I would research it, though. His views on economic theory could influence his predictions on the economy and, therefore, his plans for where the company needs to position itself to best survive/take advantage of any predicted changes.
06-27-2010, 12:59 PM
#27
Gets Weekends Off
Joined APC: Jun 2006
Position: UPS Captain
Posts: 837
Yep. He helped wreck the US economy based on false assumptions. Now he is betting the farm on some more of those assumptions at UPS. Everyone from the top down is so wrapped up to save a penny, they don't see the nickels, dimes, and quarters falling out of their pocket when they bend over! Best case they lose some money. Worst case they lose money and fall (hurting themselves and maybe others they pull down with them).
06-27-2010, 01:02 PM
#28
Gets Weekends Off
Joined APC: Jun 2006
Position: UPS Captain
Posts: 837
Frankly, it doesn't matter to me that much. If I worked for UPS I would research it, though. His views on economic theory could influence his predictions on the economy and, therefore, his plans for where the company needs to position itself to best survive/take advantage of any predicted changes.
06-30-2010, 09:57 PM
#29
Gets Weekends Off
Joined APC: Dec 2006
Position: I was acquired, Not Hired
Posts: 1,784
If you're going to fight the 800 lb gorilla, don't throw nice banners at them. If you're going to go at them with a baseball bat, why not use two.
Reminds me of a bag tag I saw on a Flt Attd.'s bag the other day.
C reate
H avoc
A round
O ur
S ystem
They have our attention, are we going to get their attention ?
07-02-2010, 02:06 PM
#30
Gets Weekends Off
Joined APC: Nov 2005
Posts: 397
Pri 3,
Interesting.
UPS currently has a penny pincher at the top. That is the atmosphere he has created as a leader. Its in every department at Brown. Companies that reduce costs and cut corners normally end up losing big time in the end game.
This could be bad news for UPS long term. They are losing ground that they may never be able to break into (insert Gummer commment here). The rumor is FedEx is make HUGE purchases on the 777 (300F and 200). It really makes you scratch your head.
Hope I am wrong. Even though I got a reprieve till July, I want everyone still working and everyone on furlough to have a job, to have or come back to.
Interesting.
UPS currently has a penny pincher at the top. That is the atmosphere he has created as a leader. Its in every department at Brown. Companies that reduce costs and cut corners normally end up losing big time in the end game.
This could be bad news for UPS long term. They are losing ground that they may never be able to break into (insert Gummer commment here). The rumor is FedEx is make HUGE purchases on the 777 (300F and 200). It really makes you scratch your head.
Hope I am wrong. Even though I got a reprieve till July, I want everyone still working and everyone on furlough to have a job, to have or come back to.
nothing new since day one.
"end up losing big time in the end game" ???? Care to explain the last 100 years of UPS? You seem to have an axe to grind and thats all.
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