For quite some time I’m publishing and warning about the fact that the global economy is slowing down. Now we see just another sign. For the second time in 3 months, FedEx reduced the turnover figures.
The international delivery company is not alone with its negative news. If we look at the role of FedEx in the economy than we see that they are in it on all sides. Every sector of the economy needs delivery and shipment.
Let’s have a look at some other negative news from the USA economy,
– The U.S. freight volume is down for three months in a row,
– In February the truck sales went down by 58%,
– The U.S. manufacturing is down for the second month,
– U.S. residential spending is down,
– The industrial production in Europe is down for the 3rd month in a row,
In combination with the retailer after retailer shutting down operations, we see the blood going down the street. The western economy is into a recession.
So what is the best thing to do? First of all, you should get out of debt. Simply have some extra money via your blog and use that to get out of debt. With your job being ready to be terminated it is better to have some back up.
Next, to this, it is time to get into Gold. Gold is the only real safe haven which will protect your wealth.