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Petróleo Brasileiro S.A. - Petrobra Message Board

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  • jaquecroissant jaquecroissant Jun 27, 2011 2:03 PM Flag

    Good Read: US Economic Cycle

    Thanks Musk. I've been seeing these stories lately.

    Fedex CEO Fred Smith sounded positive after they had a good qtr.

    "FedEx 4Q net income rises 33 percent
    FedEx: US, global economy to grow as fuel prices drop from spring highs
    ap



    NEW YORK (AP) -- FedEx Corp. expects the global economy to hit a higher gear later this year as fuel prices retreat from three-year highs and the Japanese economy recovers.

    While much of the growth will be driven by China and other developing nations, FedEx said the U.S. economy will improve as well.

    "We believe the industrial sector will lead growth in the United States and overseas in the next two years," Chairman Frederick W. Smith said Wednesday, as the world's second-largest package delivery company released its quarterly earnings report.

    FedEx expects the U.S. economy to grow 2.5 percent this year and 3 percent in 2012. The International Monetary Fund expects the U.S. economy to grow 2.5 percent this year and 2.7 percent in 2012.

    The company's outlook assumes that oil and fuel prices will remain below peak levels from earlier this year. The benchmark price for oil in the U.S. topped out at about $114 per barrel. It's now around $95 per barrel.

    "The impact of fuel prices, as always, will influence the pace of growth," Smith said.

    The Memphis, Tenn., company is considered a bellwether of global economic health among analysts and economists because it ships a wide variety of goods. Its financial performance reflects the ups and downs of business and consumer spending."

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    • Aggregate profits and margins are meaningless in the US.

      profits are all overstated because losses are often left off balance sheet....especially in the financial sector.

    • Thanks for that, Jaq... good news, I guess.

      How is your guitar playing? I have a lot of time and am making slow, painstaking progress... but VERY satisfying.

      I looked at some tabs from Jason Mraz and they opened up some new lines... esp. use of Maj7 chords and major progressions. (As a blues guy, I find major scales and progression difficult. My approach has been: a) to use the Greek modes to get to major=Iolian and Lochrian (very similar, easier for me to understand) from other modes and b) to think in terms of nursery rhymes, as in *Now Ive leaned my ABCs, tell me what you think of me* -- a classc of the major scale. LOL. That great piano tune *Chopsticks* is also a classic of Major proportions! LOL! Now you know my level of playing. LOL

      Then I went back to my copies from the Real Book and noticed how important the Maj7 is to Jazz... Bill Evans is considered one of the true innovators... every other chord is Maj7.

      Have I mentioned that I like disco music? FULL of Maj7 chords.

      I guess you could say: I am in Major7th Heaven!

 
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