And consumers who are not buying. FedEx and UPS must be solid bellwethers for recessions.
The GD government really screwed all of us by needlessly shutting down the economy then sending out trillions of dollars of “free” money igniting inflation. You can count the FedGov to grossly mismanage everything it touches. Then they throw themselves a party to pat each other on the back for passing a law that is going to make inflation even worse.
We are really screwed. I believe this is going to make the 2010-2012 real estate melt down look tame.
There are some brokers/banks/hedge funds that are highly (over) leveraged. My very humble hunch is they will be the next bubble to burst.
I’ve generally have be a somewhat risk tolerant investor/speculator, but the last several months I have been wanting staunch, ultra conservative, slow but steady growth companies that do business based on fundamentals. Guess what, that doesn’t exist.