Stephen Green posts the following two items at Instapundit. If you don't think we are headed into a recession, think again.
FedEx issues ominous warning about the global economy, shares tumble. “Cost-cutting measures outlined by FedEx include reducing flights, temporarily parking aircraft, closing more than 90 FedEx office locations, and deferring hiring plans.”Goldman Sachs preparing layoffs across all departments as soon as next week.
Remember to give thanks to President Biden for his help in bringing this "correction" about. Biden was never very smart on his best day, which was some decades ago.
I forgot to add that Bed, Bath & Beyond is closing 150 stores and will lay off 20% of their workforce.
