Growing evidence that the downturn is upon us....
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It does rather shove it in one's face if you are to talk about your own personal wealth in such a manner.
Hedge fund, or proprieter of a bizjet airline - it does not matter. Many wealthy families have wasted their cash on airlines, and you don't give us any indicator of the success of your family's fund. Neither do you mention if it is fund of funds, proprietary, outside managed, emerging markets, or indeed anything else to indicate that you might anything other than a dreamy, young wannabe - exactly the people to whom this thread is addressed and to whom it should be a wakeup call.
I am at the coalface of the financial industry, and happen to agree with WWW. Life is dire here, many capable people are out of work, and more has yet to hit. The housing market has 15 sellers for every buyer at present, mortage banks are unable to function, and interest rates are going up to prevent the mess of the 1970s.
WWW's preference to fly for a living does not deny him the right to comment upon other areas in which he is interested.
Hedge fund, or proprieter of a bizjet airline - it does not matter. Many wealthy families have wasted their cash on airlines, and you don't give us any indicator of the success of your family's fund. Neither do you mention if it is fund of funds, proprietary, outside managed, emerging markets, or indeed anything else to indicate that you might anything other than a dreamy, young wannabe - exactly the people to whom this thread is addressed and to whom it should be a wakeup call.
I am at the coalface of the financial industry, and happen to agree with WWW. Life is dire here, many capable people are out of work, and more has yet to hit. The housing market has 15 sellers for every buyer at present, mortage banks are unable to function, and interest rates are going up to prevent the mess of the 1970s.
WWW's preference to fly for a living does not deny him the right to comment upon other areas in which he is interested.
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dont get me wrong guys i was not flaunting sorry if thats how it appeared all i am saying WWW is full of bull i am saying this coming from a family that has dealt with economics for over 40 years and advises all the who is who in the business circle,and as of the bizjet company,its not ours we are advising..and i happen to have spilled the beans so that,all the wanabees can know that are not that bad.
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and one thing is people will always fly relax
Better pray for a magic alternative fuel.
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It was courtesy of knowing people in the know how,i was advised to buy them,knowing oil value will always be up,never would i thought in a few years it would pay off so well it was more of lack than foresight...
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This guy is not for real.... this thread has already seen a dozen like him (remember Nichebei Aviation?). Frankly I don't give a monkeys what dad the hedge fund manager thinks... for every hedge fund manager that thinks things "will be fine" believe me there are 10 that are short the market up to the whazzoos...
If you look at his previous posts he has splashed out a lot of cash on an ME/IR and was advocating spending up to €40k on a type rating with 300hr line training... he is in it up to his neck and trying to justify decisions he has already made... anyone who is prepared to pay for line training is part of the problem in my book.
If you are gonna make sweeping statements giving either a positive or negative stance PLEASE PROVIDE SOME FORM OF EVIDENCE OR LOGIC! That way you may add something valuable to this thread! (.... because my gran says so doesn't count.... unless of course she has a nobel prize for economics etc).
... and I forgot to mention this guy doesn't even seem able to write proper English
If you look at his previous posts he has splashed out a lot of cash on an ME/IR and was advocating spending up to €40k on a type rating with 300hr line training... he is in it up to his neck and trying to justify decisions he has already made... anyone who is prepared to pay for line training is part of the problem in my book.
If you are gonna make sweeping statements giving either a positive or negative stance PLEASE PROVIDE SOME FORM OF EVIDENCE OR LOGIC! That way you may add something valuable to this thread! (.... because my gran says so doesn't count.... unless of course she has a nobel prize for economics etc).
... and I forgot to mention this guy doesn't even seem able to write proper English
Last edited by Grass strip basher; 23rd Jun 2008 at 18:15.
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And I suppose that you don't give a sh.i.t that there are people that can't afford to have heating in their house anymore in the winter and die by freezing
You are quite right i dont give a 
there are many cheap methods of heating a house,
there are many cheap methods of heating a house,
Bart
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Sayawa, do you work for P & O? The reason I ask, is that the thought that a semi-literate sociopath such as yourself might one day worm his way onto the flightdeck of a public transport aircraft suddenly makes me want to avoid flight at all costs...
sawaya has emailed me apologising for his rambled nonsense postings and promised never to post on this thread again. Which was probably best for all concerned.
I think he may have been drinking or something.
WWW
I think he may have been drinking or something.
WWW
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sawaya has emailed me apologising for his rambled nonsense postings and promised never to post on this thread again. Which was probably best for all concerned.
Sayawa, do you work for P & O? The reason I ask, is that the thought that a semi-literate sociopath such as yourself might one day worm his way onto the flightdeck of a public transport aircraft suddenly makes me want to avoid flight at all costs...
English is the common aviation language, but did you know that:
You need to be able to speak and write/read French to get a job with Air France
You need to speak and write/read German to apply with Lufthansa
You need to speak and write/read Italian to apply at any Italian airline
You need to speak and write/read Spanish to apply at most Spanish airlines
Same for Portuguese, Greek and Danish airlines.
Point 2. you don't need to be a master in English literature to become a pilot.
This guy is not for real.... this thread has already seen a dozen like him (remember Nichebei Aviation?).
See, we've seen hundreds of articles posted by WWW and others concerning the housing crisis. How come they've stopped posting these articles?
2 points here:
Point 1: No one's posting them anymore because the housing crisis has not lasted 20 years as some predicted and there's nothing anymore about it in the headlines, simply because the crisis has vanished in no time.
Point 2: The guys who were posting them realised that housing crisis was not interconnecting with ab-initio pilot jobs.
2 reasons: -Reason 1 People who could not pay off their loans can not afford to travel
-Reason 2, interest rates increasing from 6.5% to 7.5% are a non-issue for people loaning 60K for training.
So what's the real issue at this moment?
That's right, energy crisis and the resulting food crisis.
Who are the potential actors who make crude oil sustain a value 4 times higher than its original value?
-Governments and lobbyists who want to make someone electable
-Western oil companies earning record profits
-Financial institutions that lost money in the housing crisis
-Private investors
-Opec
Out of these 5, I think the last is the least likely.
Somehow, the first and the second interact, make a good mix and can explain many things. A fatal question is: why would the US threaten the Middle-East with a new war if they badly need to lower oil prices? Maybe they're simply not trying to lower oil prices.
Only when and if the bubble blows, will we know who's behind it, because those people will lose alot of money. The least detectable will of course be the government.
Future prospects:
After the elections in November there will be two possible patterns:
-bubble bursts and oil price descends to a healthy 90$ in 2009.
-oil rises over 150$, OPEC starts quoting oil in different currencies than the USD. The US economy will crash together with the oil prices and the dollar.(also, a new war in the Middle-East, new issues, maybe even a civil war in the US because of desperation)
Immediate and easy solution?
Opec start quoting oil in euro or any other stable currency, making oil prices crash (because American speculators will no longer be able to hedge their falling buck into oil). Collateral damage: US economy to the ground.
Why is it not applied?
Because the US are still the biggest customer of OPEC, and unless OPEC sees demand from other countries decreasing strongly as a result of the high prices, they won't do it.
Last edited by nich-av; 24th Jun 2008 at 03:28.
Looks like WWW wasn't painting a scary picture at all. Seems more like he had rather a more optimistic view than some. Has anyone seen the state of the world today? Gas prices to rise 40% further here in the UK this year. House prices falling further. Even India laying off pilots now. So much for far Eastern growth. Another US carrier (US second largest??) laying off 1000+ staff and pilots.
Tighten those seat belts, it's gonna be a turbulent spell.
Tighten those seat belts, it's gonna be a turbulent spell.
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Down-to-earth ways sought to cut airlines' soaring costs
Down-to-earth ways sought to cut airlines' soaring costs
CALGARY - Did that recent flight feel a little longer than usual? Chances are, it was.
As the price of fuel continues to rise, airlines are responding by trying new measures aimed at making flights more fuel efficient - everything from flying slower to reducing weight to using the planes' engines less.
"With fuel the way it is right now, we have been flying slower," WestJet Airlines Ltd. spokesperson Richard Bartrem said.
As the price of fuel continues to rise, airlines are responding by trying new measures aimed at making flights more fuel efficient - everything from flying slower to reducing weight to using the planes' engines less.
"With fuel the way it is right now, we have been flying slower," WestJet Airlines Ltd. spokesperson Richard Bartrem said.
Certainly the house price crash is happening faster and harder than I expected.
The average North American house is now down 23% in the last three months and we are about 13 months behind them. The British Banking Association figures out yesterday were horrific for the number of mortgage approvals:
May 2008: 27,968
May 2007: 77,443
That is a 74% drop in the number of mortgages approved in May this year compared with May last year. The vast majority of house sales involve a mortgage so its a good indicator of why estate agents and conveyancing solicitors are going bust left right and centre.
This is 1990.
Prepare yourself. Avoid debt. I predict mortgage rates above 9% and a sharp, deep, recession.
WWW
The average North American house is now down 23% in the last three months and we are about 13 months behind them. The British Banking Association figures out yesterday were horrific for the number of mortgage approvals:
May 2008: 27,968
May 2007: 77,443
That is a 74% drop in the number of mortgages approved in May this year compared with May last year. The vast majority of house sales involve a mortgage so its a good indicator of why estate agents and conveyancing solicitors are going bust left right and centre.
This is 1990.
Prepare yourself. Avoid debt. I predict mortgage rates above 9% and a sharp, deep, recession.
WWW