FedEx reported Thursday that it shipped 1,000,000 more packages than expected on Monday — which it anticipates will be its peak shipping day this holiday. The firm reported that this year’s busiest day is up 17% from its busiest day last year.
FedEx CEO, Fred Smith further observed that their business has now observed a significant [...]

As a puny yet honest attempt to show you that I actually read other things than plain economics I thought that I would share this piece with you on declining nomadism amongst Americans; it is written for Newsweek by author Joel Kotkin. I am not quite sure whether he believes the aging of the population [...]

Recently released data from OECD Economic Outlook (link) suggest that the recessionary period is likely ending as the output in world’s major economies is reversing the trend of the past year. In 2009, the U.S economy is expected to contract by 2.8 percent annually. Germany, suffering from a significant decline in inventory orders and foreign [...]

On Wednesday, the Fed’s Beige book was released for July and August. It summarizes reports from the 12 Federal Reserve Districts and pointed to economic activity that continues to stabilize.
Compared to the summary from the Fed’s last report 11 out of 12 regions asserted that economic activity had either stabilized or improved. Even [...]