FedEx Numbers a Flawed Predictor of the Economy

NEW YORK (TheStreet) — FedEx will report their earnings before the opening bell Tuesday and then we'll finally have a proper bead on the direction of the global economy, right? With apologies to the media and their rotating series of anticipated epiphanies: not exactly. Analysts are expecting earnings of $1.95 share on revenue of $11.5 billion, with any variance poised to be interpreted as …

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