One thing is for sure, “repeating the same failed actions and expecting a different outcome” has never been a solution for success... We are reasonably confident it won’t work this time either.
“If our freight forecast is correct, they are going to experience some very solid levels of profitability for the remainder of this year and for next year as well.”
Tthe good news is that the base case for the economy has improved significantly... However, the bad news is that risks are accumulating to the downside
The lack of available capacity was also “reflected in the premium firms are paying.” The transportation pricing subindex increased 410 basis points in the month to 87.9%, the highest reading since October 2018.
The choice, by all measures, is heinous. But sometimes, like Aron Ralston, one must cut off their hand if they want to live. By this, voluntary abandonment of further credit expansion is the way out of the current financial predicament...
We have lived in a ‘mirage’ of economic expansion since 2011... The simple fact is that is time has come for the central banks to go. The sooner, the better...
US carriers will burn through $77 billion in cash during the second half of 2020. They will continue to burn cash at an average rate of $5 billion to $6 billion per month in 2021, or $60 billion to $70 billion for the full year.
"We are at the beginning of a multiyear effort to build a stronger, more efficient company for our customers, employees, communities and shareholders..."
Through the sweeping and indiscriminate indictment of oppression that it makes against the American republic, wokeism poses the first serious challenge to our constitutional democracy since communism...
This was the first monthly drop in total job-opening since the March/April crash in the labor market, suggesting the recent V-shaped recovery in the labor market may be peaking.
The economic plan proposed by President Clinton in February 1993 was the exact opposite of his campaign platform. The plan called for raising taxes to reduce the federal deficit rather than cutting taxes for the middle class.
