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his business shows we re on a path towards a worldwide recession and fedex believes things will only get worse as we head toward the end of the year. in a pre-earnings announcement fedex said it missed revenue targets by a half billion dollaring. research analyst ken heckster from bank of america told me that fedex s announcement shows that the u.s. economy is decelerating and it is one more xafrmel of the drumbeat getting louder and louder about where the economy is headed. heckster says other companies over the past few months have noticed a slowdown in the economy, too, like walmart and target indicating they have too much inventory and amazon closing warehouses because they overbuilt. so fedex is just another canary in the coal mine. its announcement caused shares of fedex to tank more than 20% and also causing a frenzy in the market because fedex is seen as a barometer for the bigger economy and the thinking is if it s doing poorly, what does that mean for the economy as a

Revenue targetsU sKen hecksterBank of americaClosing warehousesCoal mine