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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (120054)	5/1/2008 8:09:36 PM
From: DebtBomb	Respond to of 306849

We're fuked. Just buy oil and gold, ok? LOL.

To: patron_anejo_por_favor who wrote (120054)	5/1/2008 9:04:26 PM
From: DebtBomb	Respond to of 306849

UPS warned for the full year. Don't trannies go down when oil goes up? WTF?

To: patron_anejo_por_favor who wrote (120054)	10/4/2008 9:32:45 AM
From: Perspective	Read Replies (1) \| Respond to of 306849

Amidst all the chaos, I hadn't even noticed this: reuters.com Naturally, I covered CNW a few months back after it plagued me for so long. Perhaps now is finally the time. Got steely knives? Con-way slashes 08 outlook as US economy "battered" Wed Oct 1, 2008 5:02pm EDT CHICAGO, Oct 1 (Reuters) - Trucking and logistics company Con-way Inc (CNW.N: Quote, Profile, Research, Stock Buzz) slashed its full-year 2008 earnings outlook on Wednesday as an embattled U.S. economy undercut demand for its services and forced it to lower prices. "The economy has been battered by an unprecedented confluence of macroeconomic crises, curtailing demand for freight transportation services," Chief Executive Doug Stotlar said in a statement. Con-way said the peak season the trucking industry -- normally in full swing by this time of the year ahead of the crucial U.S. holiday retail sales season -- has been weak so far. Con-way said it now expects the full-year to be in a range between $2.60 and $2.80 per share. This was down from a previous range of $3.00 to $3.40 and significantly below analyst expectations for the full year of $3.23 per share. "To date, the traditional peak seasonal uptick in demand has been muted so we expect the challenging business environment to continue through the 2008 fourth quarter," CEO Stotlar said. The San Mateo, California-based company is regarded by analysts as one of the better performing, publicly-traded less- than-truckload operators. Less-than-truckload companies consolidate smaller loads into a single truck. The U.S. trucking industry itself been battered since the third quarter of 2006 by a combination of the U.S. housing meltdown, weak retail sales and slumping auto sales. The credit crunch has further compounded their woes. The U.S. Commerce Department said last week that home sales fell to a 17-year low. U.S. auto sales have declined to 15-year lows. Con-way's take on the economy echoed a point made by Ford Motor Co's (F.N: Quote, Profile, Research, Stock Buzz) sakes chief Jim Farley earlier in the day after the industry released poor September sales figures. "An already weak economy compounded by very tight credit conditions has created an atmosphere of caution," he said. (Reporting by Nick Carey, Editing by Andre Grenon)