You’ve Got (No) Mail!

In light of its 19th quarter of losses in a row, calls for a Federal bailout, and recent consideration of adding a Bitcoin exchange to its non-bank financial services (via a “postcoin”), we thought a glimpse how “postal” the USPS is set to become was useful. Some will call it progress of course but as the following chart shows, the number of US Postal Service employees has fallen to 50-year lows (and would and could be more) – “The Postal Service is doing its part within the bounds of law to right-size the organization,”  blaming federal mandates that restrict how it can conduct business and excessive funding requirements for its employee pension plan.



h/t @Not_Jim_Cramer


via Zero Hedge Tyler Durden

Leave a Reply

Your email address will not be published.