In Showdown, Trump Unveils USPS Task Force As Bezos Launches "Shipping With Amazon"

Discussion in 'Economics' started by Error Correction Funder, Apr 12, 2018.

  1. President Trump has unveiled (at 9pm on a Thursday night) an executive order (below) creating a task force on the US Postal System with a direct shot across Amazon's bow: "Evaluating... the expansion and pricing of the package delivery market."

    But, just as The White House released the text of the Executive Order, Bloomberg reports that Jeff Bezos is preparing to launch "Shipping with Amazon" to disrupt the shipping industry...

    https://www.zerohedge.com/news/2018...sps-task-force-bezos-launches-shipping-amazon
     
  2. Jack1960

    Jack1960

    Short Sell UPS?
     
  3. Cuddles

    Cuddles

    Uhh...no
     
  4. Jack1960

    Jack1960

    Also FDX
     
  5. Cuddles

    Cuddles

    You do you boo
     
    i960 likes this.
  6. ryancy

    ryancy

    The President doesn't seem to realize that USPS needs Amazon way more than Amazon needs USPS.
     
    comagnum likes this.
  7. SteveH

    SteveH

    Isn't there a more fundamental question to be answered about Amazon?

    That is, the most profitable sector of their businesses is AWS. They take profits from there to continually fund intentional losses in their customer retail operations (aka loss leaders). We're not talking about a small number of loss leaders to attract traffic. Virtually all companies do that. We're talking about a concerted effort to drive other competitors out of their retail sectors from doing so BY MEANS OF the "AWS printing money press", a very disparate part of their entire operation.

    There's some detailed speculation on some websites about this, based on Amazon's own financial reporting. The speculation gets into violation of RICO statutes. Who knows. The final outcome may be a break-up of their ever-growing monopoly.

    As typical with all of this, the really bad stuff gets exposed and traded negatively upon during the demise of raging bull markets and on into the depths of the bear. Ignorance is a cliche during the height of the bull where no analyst would dare question the golden goose.