Screwball

I wasn't aware the 777 was about airplanes. Maybe you should be more clear instead of code. This isn't difficult, and I'm tired of arguing about this. One more time from a different source; Interest Expense - from Investopedia

In Latest Sentiment Poll, Buying Conditions Are the Worst in Decades

They have been trying to reduce their debt since may (see below). This latest report stated they were "Reduced its forecast for capital expenditure for the year by $500 million to $6.3 billion." Wonder why? I don't know where the 777 stuff came from, but that sure as hell ain't what they are doing, so nice try. FedEx to Reduce Debt by 11 Percent Following Completion of Strategic Public Offerings - from May FedEx shares sink after company cites weakening global demand - the capex info

I don't see the growth, and the Fed's GDPNow would agree.

You lost me here. FDX has 22 billion in debt according to their filing. A one percent rise in interest rates on that 22 billion is an increase of 222 million that goes directly to the bottom line. I don't see how that is good.

I get that. I used EBITDA as an example to show why interest on debt matters. The "I" in EBITDA is interest. It is just another tool investors use evaluate companies. If your argument is the balance sheet is a better source for sound investing advise, I'm on board with that. EBITDA might have a purpose but not a metric to fall in love with. But servicing debt matters - which was my main point. The price of debt going forward will determine how we live. Rising interest rates are deflationary. That is the purpose of doing so, which the Fed is doing. The rule of 72. The last CPI print was 8.3. That means a double in 9 years. Those numbers are simply unsustainable unless we want chaos. The only question is who will feel the pain? But don't worry, the Fed pukes and Bubblevision tell us hiking interest rates can be done and have a soft landing at the same time - whatever the fuck that means. It's different this time I guess. <giggle> Except it ain't funny.

The interest paid on debt?

Jesus h christ This all started when I brought up corporate debt, and the cost of servicing it. Which goes to the bottom line as a loss against revenue. Which is part of the bigger picture known as EBITDA of a particular company. This should be obvious, but when interest rates go up, so does the cost of servicing it. Since the 55 million seems to be a metric, and should be ignored, and people even fired over it, if I understood things correctly, fine. But the companies I worked for would fire my ass in a heartbeat if that happened. And maybe look at it this way; how many jobs would 55 million create? Doesn't matter, they are trimming fat because they are losing money, or at least the current investment community thinks so (bunch of downgrades today). Penny smart, dollar stupid. Should be corporate America's motto.

That's funny. You must be from the Paul Krugman "debt is good" school. These 4 Measures Indicate That FedEx (NYSE:FDX) Is Using Debt Extensively FTA: Debt load is part of (EBITDA).

Congress Stock-Trade Tracking Funds NANC and KRUZ Are On Way - Bloomberg Who held defense stocks while making national security policy?

Oh please. 55 million is not chump change in any corp, but keep jerking that chicken.

You said "Will increasing authoritarianism begin to rot the Chinese economy the way it has the Russian?." This sounds like you are blaming them for our own self destruction. It goes back further than 2009. My point still stands. Our problems are self induced.

The hits keep coming;

Our problems are self induced. Quit blaming everyone in the rest of the world and look in the fucking mirror. And it didn't start in 2016 either.

What's 1% of 22 billion? It matters.

Because corporate debt doesn't matter? Go ask FedEx.

I think the keyword is "here." Other places not so much. From the CEO of FedEx; FedEx CEO says he expects the economy to enter a ‘worldwide recession’ Coming from a large global shipper, and this isn't about housing.

I just realized this; on this date in 2008 which I call "Lehman Bros. Day" I told my place of work to shove it - because I was fed up with them - and them of me. Cool. Watching the upcoming mess seemed like a lot more fun than working for idiots, so I took a year off and took in the entertainment, then went back to work. Happy Lehman day! *** Don't read the baseball stuff, but I haven't read anything from Tiger Lee. He usually posts here. Hope all is well.

Funny, if you can't buy a house, you can rent one - maybe. Talked to a guy today who told me a 2 bedroom house with one bath here in Cornhole (read cheap in comparison to national averages) was getting 950 a month.

FDX They are getting crushed around 15% after hours due to forward guidance. FedEx issues ominous warning about the global economy, shares tumble

That thing was a POS. It seemed every year they were replacing the grating on the road. It got stuck and would not close many times. What was usually a 1 hour commute turned into 2 1/2 - 3 when that happened.

Yep, Phillips. Thanks. I used to eat at Inky's quite a bit. Not bad. Ate at Rudy's quite often too. But the best was Ideal Hot dog Chili Mac. I have to go up there at least once a summer and get one of those, and take one home as well.

Toledo was a parking lot many summers. Products going to the automakers in Detroit coming from the East under Lake Erie was using 280 because it was the shortest route - depending on the day and time. I finally started taking 20 to 75 thru downtown and get off close to Bennett. Can't remember the road. I watched 18 wheelers intentionally run into each other. Others liked to sit back a quarter of a mile and block both lanes so nobody could get by. They would run you off the road. Some cheated (not trucks, but cars) and tried to get on at Summit, just off the bridge going North, but the South ramp. A guy ran into me there once - didn't stop, neither did I and I wasn't going to - hence my shit car. I got stuck one night in the very first spot when the bridge went up and got to watch a big boat go by. That was kind of cool. Then it wouldn't go down. That wasn't so cool.

This conversation reminds me of my commute back in the 90s coming from the South to Bennett Rd. in Toledo and across the I-280 drawbridge for 10 years - 8 of which was one lane in the summer (or close). Backed up for miles at peak times - and then when you thought it couldn't be worse - the bridge wouldn't go down. It was like Mad Max.