Wednesday, July 8, 2009

American Express (AXP) CEO: "Way Too Early to Call for Recovery"

This seems like a reasonable point of view - a good 12 minute interview with Kenneth Chenault, the CEO of a stock we've had some battles with: American Express (AXP). Certain companies provide good overviews of what the US economy has become - the Fedex's, the railroads, the credit card companies... hence, I'd rather listen to a reality check from this sort of perspective rather than panting over oil surges, or Baltic Dry Index changes which seemingly are dominated by (a) speculators or (b) the Chinese choosing or not choosing to make a purchase of commodity ABC that week.

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