Growing Evidence That The Upturn Is Upon Us
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I find it amazing that people appear to talk about the economy in a similar fashion to the weather - that it happens, and is unpredictable in the long term...
Pathetic really, we 'created' the worldwide economy, therefore it is within our power to control it.
As eccentric a statement as that is, through a global coordination across all sectors, it is THEORETICALLY possible to reverse this - all that would be left is the damage caused thus far.
We really do have a nest of boneheads running this planet...
Pathetic really, we 'created' the worldwide economy, therefore it is within our power to control it.
As eccentric a statement as that is, through a global coordination across all sectors, it is THEORETICALLY possible to reverse this - all that would be left is the damage caused thus far.
We really do have a nest of boneheads running this planet...
Rumbled - BullionVault has been my backstop for a while now.
Ambrose has called each stage of this crisis and called it early - its a bit scary but its mostly all accurate. Not for the feint hearted:
Failure to save East Europe will lead to worldwide meltdown - Telegraph
Protect yourselves.
WWW
Ambrose has called each stage of this crisis and called it early - its a bit scary but its mostly all accurate. Not for the feint hearted:
Failure to save East Europe will lead to worldwide meltdown - Telegraph
Europe is already in deeper trouble than the ECB or EU leaders ever expected. Germany contracted at an annual rate of 8.4pc in the fourth quarter.
If Deutsche Bank is correct, the economy will have shrunk by nearly 9pc before the end of this year. This is the sort of level that stokes popular revolt.
The implications are obvious. Berlin is not going to rescue Ireland, Spain, Greece and Portugal as the collapse of their credit bubbles leads to rising defaults, or rescue Italy by accepting plans for EU "union bonds" should the debt markets take fright at the rocketing trajectory of Italy's public debt (hitting 112pc of GDP next year, just revised up from 101pc – big change), or rescue Austria from its Habsburg adventurism.
So we watch and wait as the lethal brush fires move closer.
If one spark jumps across the eurozone line, we will have global systemic crisis within days. Are the firemen ready?
If Deutsche Bank is correct, the economy will have shrunk by nearly 9pc before the end of this year. This is the sort of level that stokes popular revolt.
The implications are obvious. Berlin is not going to rescue Ireland, Spain, Greece and Portugal as the collapse of their credit bubbles leads to rising defaults, or rescue Italy by accepting plans for EU "union bonds" should the debt markets take fright at the rocketing trajectory of Italy's public debt (hitting 112pc of GDP next year, just revised up from 101pc – big change), or rescue Austria from its Habsburg adventurism.
So we watch and wait as the lethal brush fires move closer.
If one spark jumps across the eurozone line, we will have global systemic crisis within days. Are the firemen ready?
Protect yourselves.
WWW
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Darwinism at its best.
Let them fail - unfortunately we must learn from our mistakes, and if the powers that be refuse to take the necessary steps to alleviate this crisis, there is no other option than to let those destined to the grave, fall.
Sorry, but nobody saw this coming? This recession (depression?) will only have a beneficial effect on the future world - those selfish enough to indulge at other peoples' expense for all these years will soon pay the penalty for their crimes against the people.
Their fairytale is about to come to a gloriously shattering end.
Good riddance.
Let them fail - unfortunately we must learn from our mistakes, and if the powers that be refuse to take the necessary steps to alleviate this crisis, there is no other option than to let those destined to the grave, fall.
Sorry, but nobody saw this coming? This recession (depression?) will only have a beneficial effect on the future world - those selfish enough to indulge at other peoples' expense for all these years will soon pay the penalty for their crimes against the people.
Their fairytale is about to come to a gloriously shattering end.
Good riddance.
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"those selfish enough to indulge at other peoples' expense for all these years will soon pay the penalty for their crimes against the people"
Reluctant737 - A rather sweeping statement, one I do not agree with at all!
Reluctant737 - A rather sweeping statement, one I do not agree with at all!
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Rugbyears -
Well judging by your username, we can agree on one thing I think, good man, happiest years of my life etc
Please don't read into what I put too much - I share similar morals to most decent people, and I refer to those who deserve exactly what they get through being downright reckless.
I refer not to those trying to make an honest living out of an honest business. My sympathies go to those who have lost in recent times.
I think we know primarily to whom I direct my anger, especially within the UK. Or rather, what group of people.
Cheers, Ad
Well judging by your username, we can agree on one thing I think, good man, happiest years of my life etc
Please don't read into what I put too much - I share similar morals to most decent people, and I refer to those who deserve exactly what they get through being downright reckless.
I refer not to those trying to make an honest living out of an honest business. My sympathies go to those who have lost in recent times.
I think we know primarily to whom I direct my anger, especially within the UK. Or rather, what group of people.
Cheers, Ad
Rugbyears - that's a tough place you are at being someway through training ATPL studies.
Thankfully you've not yet done anything that has an expensive shelf life like a Multi or IR.
Stop.
Stop.
Stop.
Go back to whatever it is that makes you money and do that. Don't go flying. There's no jobs. End of.
Actually thats not true.
There are jobs and there will be loads more of them. They will involve being selected and managed by some training organisation. You will be placed in a company flying an attractive jet for the 6 months of summer. You will be paid a nominal sum and thank yourself that you are sort of being paid to fly - albeit a temporary pittance.
Then in the Winter you will be cast out to starve under the weight of your bank debt.
Its not an enticing picture is it?
WWW
Thankfully you've not yet done anything that has an expensive shelf life like a Multi or IR.
Stop.
Stop.
Stop.
Go back to whatever it is that makes you money and do that. Don't go flying. There's no jobs. End of.
Actually thats not true.
There are jobs and there will be loads more of them. They will involve being selected and managed by some training organisation. You will be placed in a company flying an attractive jet for the 6 months of summer. You will be paid a nominal sum and thank yourself that you are sort of being paid to fly - albeit a temporary pittance.
Then in the Winter you will be cast out to starve under the weight of your bank debt.
Its not an enticing picture is it?
WWW
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WWW -
A dismal view, but very accurate. I must add, however - here at RYR, if you, as a cadet, have the means to fund a TR, for goodness sake get on board as soon as possible. We are possibly best placed to ride out this recession than any other airline, and ultimately, it will be the locos and the monopolies that see this storm through. As WWW quite rightly said, those in between will wither away into nothingness.
Plus, in our little world, it is still very improbable that you will be made redundant over the Winter - as the recession hits harder, those that need to fly will choose the cheapest fares (and guess who that is).
And I'm not sure who began spouting all these rumours about pilots being laid off after 500 hours, but it is categorically untrue.
All the best, Ad
A dismal view, but very accurate. I must add, however - here at RYR, if you, as a cadet, have the means to fund a TR, for goodness sake get on board as soon as possible. We are possibly best placed to ride out this recession than any other airline, and ultimately, it will be the locos and the monopolies that see this storm through. As WWW quite rightly said, those in between will wither away into nothingness.
Plus, in our little world, it is still very improbable that you will be made redundant over the Winter - as the recession hits harder, those that need to fly will choose the cheapest fares (and guess who that is).
And I'm not sure who began spouting all these rumours about pilots being laid off after 500 hours, but it is categorically untrue.
All the best, Ad
CTC flexiwings. Circa 500 summer hours then bye bye and thanks for the memories.
I'm not being dismal. I'm just being informed and accurate. The Govenor of the Bank of England (FFSK) has just said:
And still there are people fretting that their CV will portray them as too old when they qualify to apply to airlines for a first job...
ZOMBIE ARMY!
Unstoppable.
WWW
I'm not being dismal. I'm just being informed and accurate. The Govenor of the Bank of England (FFSK) has just said:
Mr King admitted last week that the UK was already in a deep recession. His forecast — that economic growth would fall by 4 per cent during 2009 — would amount to the most severe peacetime recession since 1931
And still there are people fretting that their CV will portray them as too old when they qualify to apply to airlines for a first job...
ZOMBIE ARMY!
Unstoppable.
WWW
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Thanks for that WWW,
The image of thousands upon thousands of people of all ages, sexes and races has just manifested itself in my delicate mind! All waving a blue book in one hand and a written, stamped cheque in the other.
On the other side of the wall, within the headquarters, a shadowy figure slowly raises the gun to his head.
Hehe, thanks
The image of thousands upon thousands of people of all ages, sexes and races has just manifested itself in my delicate mind! All waving a blue book in one hand and a written, stamped cheque in the other.
On the other side of the wall, within the headquarters, a shadowy figure slowly raises the gun to his head.
Hehe, thanks
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And just to reiterate, wasn't aimed at you - just generally, a bit of a dismal view, but indeed accurate.
Oh dear, perhaps everyone will wake up tomorrow and realise it was just a bad dream
Ad
Oh dear, perhaps everyone will wake up tomorrow and realise it was just a bad dream
Ad
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WWW where do you get this crap from. I've been reading your posts for a good couple of years and all you do is spout bollocks. I'd be interested to know where you got the terms and conditions of the flexicrew agreement from since the cadets at CTC only got a brief introduction to the scheme yesterday. And it's a lot more positive than you're making it out to be. If you would be so kind as to elaborate where these jobs that make you money are please, I have been looking for a while and I think you'll find it's not just airlines that are struggling, all industries are, there are few jobs everywhere. So might as well do something you enjoy and something you can continue to do through this downturn.
In the meantime stop spreading lies about something you know absolutely nothing about.
In the meantime stop spreading lies about something you know absolutely nothing about.
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Originally Posted by Wee Weasley Welshman
CTC flexiwings. Circa 500 summer hours then bye bye and thanks for the memories.
I'm not being dismal. I'm just being informed and accurate.
I'm not being dismal. I'm just being informed and accurate.
fastjetpilot - strong words. Care to share how its been presented to you as a cadet?
I agree there are few jobs anywhere but if you already have experience in a career, possibly still a position, and that job doesn't have a clutch of qualifications that expensively expire every year - then I recommend taking shelter there.
For many such as yourself its too late and you're too far in and it looks like Flexi is the only game in town so I hope it works well for you. There will certainly be plenty of others on the outside of the scheme wishing they were on the inside.
WWW
I agree there are few jobs anywhere but if you already have experience in a career, possibly still a position, and that job doesn't have a clutch of qualifications that expensively expire every year - then I recommend taking shelter there.
For many such as yourself its too late and you're too far in and it looks like Flexi is the only game in town so I hope it works well for you. There will certainly be plenty of others on the outside of the scheme wishing they were on the inside.
WWW
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fastjetpilot.... you sound stressed old chap.... job market not what was promised to you by the shiney FTO who's course you signed up to? 
How does the CTC-Flexiwings scheme pay stack up in terms of absolute amounts and job security relative the 60k+ of debt CTC' students will have racked up??
Its a serious question.... if you have the answers please do let us know... we are all ears are are keen to know what a great deal this is....
How does the CTC-Flexiwings scheme pay stack up in terms of absolute amounts and job security relative the 60k+ of debt CTC' students will have racked up??
Its a serious question.... if you have the answers please do let us know... we are all ears are are keen to know what a great deal this is....
£1,000 a month plus something like £14 * 46 sectors = £644
So £1,644 * 6 months = £9,864 pa
Minus (a small amount of) income tax on the sector pay, living expenses and finance repayments.
Welcome to Breadline Britain.
Looks like the only game in town and the logbook will look seriously better at the end of the exercise. I feel desperately sorry that so many hard working, high calibre, go-getting people find themselves confronted with this. In times gone by - not so long ago - you would have had the world at your feet.
WWW
So £1,644 * 6 months = £9,864 pa
Minus (a small amount of) income tax on the sector pay, living expenses and finance repayments.
Welcome to Breadline Britain.
Looks like the only game in town and the logbook will look seriously better at the end of the exercise. I feel desperately sorry that so many hard working, high calibre, go-getting people find themselves confronted with this. In times gone by - not so long ago - you would have had the world at your feet.
WWW
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... less of course the repayments on your loan.... better hope you are based somewhere near mum and dads house because you will struggle to find somewhere to rent + run a car + pay living expenses..... or I guess you could buy a tent and pitch it in the airport car park.....
Reminds me of that sketch.... "In ma day we used to live in t' carboard box in t'middle of central reservation of motorway"....
Reminds me of that sketch.... "In ma day we used to live in t' carboard box in t'middle of central reservation of motorway"....
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Fastjetpilot.
A bold post by yourself I must say. I will credit you that all industries are suffereing at the moment, but there are those that will train you and pay for your development and give you half decent career progression and support! And then there is aviation..... Ill be all day typing this one up so Ill let you decide...
A bold post by yourself I must say. I will credit you that all industries are suffereing at the moment, but there are those that will train you and pay for your development and give you half decent career progression and support! And then there is aviation..... Ill be all day typing this one up so Ill let you decide...
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I think you are trying to say that this is not the career that many think it is, and is certainly not the career it was even 5 years ago. Experience counts for nothing.
Where else do you get hundreds of hugely experienced pilots being overlooked by those with minimal experience, the difference being only that one costs nothing to employ and pays for their TRs?
Where else do you get hundreds of hugely experienced pilots being overlooked by those with minimal experience, the difference being only that one costs nothing to employ and pays for their TRs?
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Deflation nears as living costs hit 49-year low
I came across this story on the times website - good or bad thing?
Deflation nears as living costs hit 49-year low - Times Online
Concerns grew today that the recession could push Britain’s economy into the grip of deflation as a key gauge of price pressures showed annual inflation tumbling to the lowest rate since 1960.
