Notable FedEx Comments Of September 18, 2012

Yesterday, FedEx conducted their Q1 2013 Earnings Conference call.  A New York Times article dated September 18, titled “FedEx Lowers Forecast, Citing Weak Economy” summarizes various aspects of FedEx’s results and outlook. While I found several comments and forecasts to be interesting, I found a couple of statements by Frederick W. Smith regarding global trade, …

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U.S. Real Mean Household Income Growth Chart 1967-2011

In the September 20, 2010 post I first highlighted the lack of significant long-term growth in Real Median Income. Doug Short, in his September 18 blog post titled “U.S. Household Incomes:  A 44-Year Perspective,” has a variety of charts and commentary on various facets of Household Income distributions and growth. One chart, seen below, seems …

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Average Hourly Earnings Trends

I have written many blog posts concerning the worrisome trends in income and earnings. Along these lines, one of the measures showing disconcerting trends is that of hourly earnings. While the concept of hourly earnings can be defined and measured in a variety of ways, below are a few charts that I believe broadly illustrate …

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Markets During Periods Of Federal Reserve Intervention – September 7, 2012 Update

In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart from Doug Short’s blog post of September 7 …

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Comments Concerning GDP Revisions

GDP is an economic measure that I rarely mention in this blog, as I believe that, for a variety of reasons, it is a complex indicator that has various computational, structural and theoretical limitations, and as such should be used with caution.  However, given its prominence (or perhaps dominance) in policy making and near-ubiquity in …

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September 4 Gallup Poll Results On Economic Confidence – Notable Excerpts

On September 4, Gallup released the poll results titled “Economic Confidence in August Ties 2012 Low.”  The subtitle is “U.S. economic outlook lowest since December 2011; still better than year ago.” Two of the most notable excerpts: The Gallup Economic Confidence Index registered -27 in August, matching the prior monthly low for the year, recorded in …

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Disturbing Charts (Update 8)

I find the following charts to be disturbing.   These charts would be disturbing at any point in the economic cycle; that they depict such a tenuous situation now – 38 months after the official (as per the 9-20-10 NBER announcement) June 2009 end of the recession – is especially notable. These charts raise a lot …

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Walmart’s Q2 2013 Results – Comments

I found various notable items in Walmart’s Q2 2013 earnings call transcript (pdf) dated August 16, 2012.  I view Walmart’s results and comments as particularly noteworthy given their retail prominence and focus on low prices.  I have previously commented on their quarterly conference call comments; these previous posts are found under the “paycheck to paycheck” tag. Here are various excerpts …

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