UPS Taps the Guidance Brakes

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 10, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Taps the Guidance Brakes - Motley Fool

    I suppose I've grown somewhat weary of economic talking heads trotting out the "technical definition" of a recession (two consecutive quarters of negative growth) and harrumphing that thereby we can't really tell we've been in a recession until it's over. Other than "negative growth" being a decided oxymoron, excessive dependence on that definition avoids facing an apparent truth: We're knee-deep in a potentially severe and lengthy recession. UPS has simply confirmed the obvious from its important vantage point.