Growing Evidence That The Upturn Is Upon Us
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A very good video showing exactly how it is in the world today, shocking as it is to beleive!.
Any amount of national monetry reform would have a negative effect on our economy as this is a global problem and needs to be tackled at a global level.
Also shows in reality how close we have come to a collapse of the global finacial markets, and its not over yet by a long stretch.
The system shows that actually, if you are a saver and avoid credit at all costs, your going to end up worse off, you got to be in it to win it, a slave to the system in effect.
is it infinate in the amount this system can carry on growing througout the global economy?, as surely the differential between interest and actual debt can only get bigger. If we come out of it this time unscathed, how many years before we end up in trouble again.
Any amount of national monetry reform would have a negative effect on our economy as this is a global problem and needs to be tackled at a global level.
Also shows in reality how close we have come to a collapse of the global finacial markets, and its not over yet by a long stretch.
The system shows that actually, if you are a saver and avoid credit at all costs, your going to end up worse off, you got to be in it to win it, a slave to the system in effect.
is it infinate in the amount this system can carry on growing througout the global economy?, as surely the differential between interest and actual debt can only get bigger. If we come out of it this time unscathed, how many years before we end up in trouble again.
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What people forget certainly in the UK is that our tax and spend Government is going to make the UK a ver very unhappy and unbearable place to live in the future. When this recession does slowly come to an end its then going to be down to robbing jo public to get all that spent money back. We think we have high income taxes and NI now, throw in a a nice dose of VAT increase and some other bits and bobs and were all F**** for many years ahead!
Thats my theory anyway, I stand to be corrected by WWW and the crew.
Oh and some how we are going to stage the olympics in three years time! I fear we could end up making a big big mess and as a nation having mud all over our face!
Thats my theory anyway, I stand to be corrected by WWW and the crew.
Oh and some how we are going to stage the olympics in three years time! I fear we could end up making a big big mess and as a nation having mud all over our face!
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What really gets me is some of the top economists and "financial gurus" who laughed when a couple of years ago , many of the more forward thinking and realists said that there would be a ressesion, the "bubble would burst" and it would be as bad as it has turned out.
Here is a perfect example, here is Peter Chiff being publicy mocked and laughed off air when he predicted EXACTLY what is happening in the world today.
LiveLeak.com - PEOPLE LAUGHED IN 2007 ...
Its a bit like the "Doctor" syndrome, we put our trust in their dignosis because after all, they are a Doctor, why would we question it, they are the experts.
Point being there are good and bad in every proffesion and sometimes we should question why they have that opinion or have made that decision if something inside is saying, that just doesnt make sense!. its easy for us all to be influenced by a individual or organisation who portrays superior knowlege or experience just to go along with it. I think many of us have benifited from the good times and not rerally wanted to beleive what was about to happen.
At least they recognised that fact years ago in aviation with the advancements in CRM!!.
Here is a perfect example, here is Peter Chiff being publicy mocked and laughed off air when he predicted EXACTLY what is happening in the world today.
LiveLeak.com - PEOPLE LAUGHED IN 2007 ...
Its a bit like the "Doctor" syndrome, we put our trust in their dignosis because after all, they are a Doctor, why would we question it, they are the experts.
Point being there are good and bad in every proffesion and sometimes we should question why they have that opinion or have made that decision if something inside is saying, that just doesnt make sense!. its easy for us all to be influenced by a individual or organisation who portrays superior knowlege or experience just to go along with it. I think many of us have benifited from the good times and not rerally wanted to beleive what was about to happen.
At least they recognised that fact years ago in aviation with the advancements in CRM!!.
hughesyd - I agree. Income tax for most Captains by 2013 will be 45%. Crime, burglary and knife and violent crime will be sharply up. The tax paying majority will be far more critical of the benefit claiming minority.
And its not coming back. This isn't an interruption to normal conditions. This is a permanent change.
The past decade was a once-only bubble. The airline pilot job growth it brought are now over.
WWW
And its not coming back. This isn't an interruption to normal conditions. This is a permanent change.
The past decade was a once-only bubble. The airline pilot job growth it brought are now over.
WWW
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The airline pilot job growth it brought are now over
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I was having my medical renewed last week in dublin, I asked the nurse if there was a reduction in people taking initial class 1 medicals and she said there was a huge reduction.
Sign of the times i reckon....not good news for FTOs.
Sign of the times i reckon....not good news for FTOs.
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Sadly I can see it going the other way, with the integrated schools surviving on the "daddy i want to be a pilot and this nice man from oxford says the only way to do it these days is to give him £63,000" brigade.
It will be the smaller schools with more prudent, but less well off, customers that will fall by the wayside.
I really hope this isn't the case but i can see more elitism and "not what you know, but who you know" on the way.
It will be the smaller schools with more prudent, but less well off, customers that will fall by the wayside.
I really hope this isn't the case but i can see more elitism and "not what you know, but who you know" on the way.
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never a true word spoken, and i am halfway through a modular route i might add!!.
WWW in a previous thread summed it up for me with the perfect description, describing the intergrated route at the moment as "zombie like". To be fair, who can blame them, if they have the means and the "dream" still in place, its hard to go against everything you have wanted all your life. Even the well experienced guys on here must remember the days when they were first starting out and dreamed of flying the big jets. Granted things were very different then, but the dream doesnt change.
But changed it has, and as painful as it is to be realistic, that we must be, and weigh up the cost of throwing away good money over bad, in a hope of that dream jet job , earning big money and living the life of the guy in the recent Virgin Add!!.
Joking aside, i have about 3 weeks to make the decision whether to carry on with the modular route, or forget aviation entirely and carry on in M and E engineering. But like everything else, thats Boll££%xed as well!!. i think im more inclined to think about moving countries at the moment!!.
strap yourselves in, its gonna be one hell of a ride!!!
WWW in a previous thread summed it up for me with the perfect description, describing the intergrated route at the moment as "zombie like". To be fair, who can blame them, if they have the means and the "dream" still in place, its hard to go against everything you have wanted all your life. Even the well experienced guys on here must remember the days when they were first starting out and dreamed of flying the big jets. Granted things were very different then, but the dream doesnt change.
But changed it has, and as painful as it is to be realistic, that we must be, and weigh up the cost of throwing away good money over bad, in a hope of that dream jet job , earning big money and living the life of the guy in the recent Virgin Add!!.
Joking aside, i have about 3 weeks to make the decision whether to carry on with the modular route, or forget aviation entirely and carry on in M and E engineering. But like everything else, thats Boll££%xed as well!!. i think im more inclined to think about moving countries at the moment!!.
strap yourselves in, its gonna be one hell of a ride!!!
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Buck up chums, the end is in sight!
More high-end reporting by the beeb on the stories that really matter...
BBC NEWS | Health | Breast ops defy financial gloom
JR
BBC NEWS | Health | Breast ops defy financial gloom
JR
The BBC bless them only stopped calling it a Downturn this week when Sky News has been talking about The Recession for months. Auntie doesn't like to scare the children..
WWW
WWW
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Hughseyd,
Dont give up hope though for the future. PersonallyI would maybe put it on hold for a while to see how it all pans out! I have done exactly that, modular and 20 hours in to the IR, but needs must and my concentration must go in to keeping my job and lucky for me I have had a progression chance too, so my focus must now be with that. Add to that getting married at the end of the year and looking for a house! I am not prepeared to throw that away for what is really a lottery. No matter what people say its pure luck! RULE 1: KEEP YOUR JOB!
Decison time for me will really come towards the latter part of this year. My ATPL credits expire next May ( unless the CAA see sense and see that that the industry is currently stagnant, and therefore take the silly time limits off! )
Best of luck to all
Dont give up hope though for the future. PersonallyI would maybe put it on hold for a while to see how it all pans out! I have done exactly that, modular and 20 hours in to the IR, but needs must and my concentration must go in to keeping my job and lucky for me I have had a progression chance too, so my focus must now be with that. Add to that getting married at the end of the year and looking for a house! I am not prepeared to throw that away for what is really a lottery. No matter what people say its pure luck! RULE 1: KEEP YOUR JOB!
Decison time for me will really come towards the latter part of this year. My ATPL credits expire next May ( unless the CAA see sense and see that that the industry is currently stagnant, and therefore take the silly time limits off! )
Best of luck to all
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This man truely has no shame... and if he genuinely believes the twadle in this link that he should not shoulder a significant proportion of the blame for what is going on then frankly that is even more worrying... a delusional, unelected man with the support of only a fraction of the population that will do anything to stay in power... a bankrupt economy... potentially spiralling inflation... a collapsing financial system....it sound like bloody Zimbabwe.... is it only me that harbours a growing hatred (and I don't use that word lightly)for this idiot?
Gordon Brown: "I called for global financial reform ten years ago" - Times Online
I didn't used to give a monkeys about politics but every time this prat opens his mouth it is like rubbing salt in an open wound.
Sorry rant over.... just needed to vent... stressful day
Gordon Brown: "I called for global financial reform ten years ago" - Times Online
I didn't used to give a monkeys about politics but every time this prat opens his mouth it is like rubbing salt in an open wound.
Sorry rant over.... just needed to vent... stressful day
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The Commercial FTO I am currently at has never been busier! Odd, very odd. I suspect there must be some sort of lag, if it is still just as busy in 12 months time then I would be even more suprised. It is a modular school though so perhaps they will be the winners and the likes of OAA et al will start to struggle?
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Quite right Nick I would say, lots would have booked on to courses in the last 6 months or so as you say there is a lag at the moment. Give it six to nine months and the FTO's will start flagging
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Weak pound hurts British Airways
British Airways has warned it expects to make an operating loss of about £150m in the airline's 2008/2009 financial year.
The airline blamed economic weakness and the fall in the value of sterling for the deteriorating outlook.
It said that non-fuel costs were now expected to rise by 8%, compared with an earlier forecast of 5%.
The airline blamed economic weakness and the fall in the value of sterling for the deteriorating outlook.
It said that non-fuel costs were now expected to rise by 8%, compared with an earlier forecast of 5%.
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So WWW, which shares you buying right now?
I've got about £5k to spare. Was thinking RBS at 14p. Even if the price goes up to 250p in 3 years, by my calculations that's an £80k profit. Good move?
I've got about £5k to spare. Was thinking RBS at 14p. Even if the price goes up to 250p in 3 years, by my calculations that's an £80k profit. Good move?
Last edited by Superpilot; 29th Jan 2009 at 09:40.
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Not if it is nationalised and there are many many many more shares now in issue than there were when it was at 600p a why would it ever get back to 250p??
If you are not a specialist bank analyst then you may as well take your money to the casino and put it on red/black. It would just be a punt.
If you are not a specialist bank analyst then you may as well take your money to the casino and put it on red/black. It would just be a punt.
RBS - a share price that fell by 80%, then halved. I practically begged my dear old mum to sell all her Barclays shares at 350p as she's built them up as an employee all her working life... but she wouldn't listen - banks never collapse etc. etc.
If you want to invest then its only the mega-caps that makes any sense. Anything with a super reliable dividend and anything with exposure to major public infrastructure spending or which holds massive PFI contracts or provide swathes of public services such as Serco. I'd bet on the USA heading out of recession first and fastest and stay the hell away from the Eurozone for the next 18 months.
Pay off your debt. Conserve your money. Move somewhere safe.
WWW
If you want to invest then its only the mega-caps that makes any sense. Anything with a super reliable dividend and anything with exposure to major public infrastructure spending or which holds massive PFI contracts or provide swathes of public services such as Serco. I'd bet on the USA heading out of recession first and fastest and stay the hell away from the Eurozone for the next 18 months.
Pay off your debt. Conserve your money. Move somewhere safe.
WWW