PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 24th July 2008 | 15:26
  #107 (permalink)  
Lost man standing
 
Joined: Apr 2008
Posts: 92
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From: Socialist Republic of Europe
Can we all quote some cherry-picked economic statistics?

Bank of America's shares up 7pc after better-than-expected results, with Citigroup and Wachovia up 2.5pc and 4.55pc respectively off the back of this. So the banking crisis isn't all it was supposed to be.

Gold futures (expert judgement of what will happen to the haven in a tempest) down $23.30 at $925.20 per ounce.

The dollar has risen against the Euro, 0.6379 up from 0.6336 a couple of days ago. Up to more then £0.50 against sterling.

Crude prices have dropped by about 15% from their peak. More importantly serious men are now starting to mention the word "bubble", previously only seen in right-wing websites. Stockpiling is therefore a lot less likely, and upward pressure is likely to be relieved.

What effect will these have on the aviation industry? Except for the last one, which if it continues is bound to improve things compare continued artificial inflation of oil prices, we don't know, and moreover the effect will be different in different parts of the world. This is an international site for an international industry.

Having said all that I would not recommend anyone to start training now simply for the career. If you love the flying it is worth starting up, maybe part time to be ready in 3 or 4 years. Oh, and don't buy shares in companies offering integrated courses!
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