Growing Evidence That The Upturn Is Upon Us
What Will Happen To Austrlia Next Year !!!!!
Announced today that BMIBABY are reducing their fleet from 17 to 12 aircraft for next summer with a resultant 54 Pilot redundancies.
BBC NEWS | UK | England | Low-cost airline cutting 158 jobs
BBC NEWS | UK | England | Low-cost airline cutting 158 jobs
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495 pilots to go at Netjets.
Berkshire?s NetJets Fires 495 Pilots Amid Slowdown in Flights - Bloomberg.com
Berkshire?s NetJets Fires 495 Pilots Amid Slowdown in Flights - Bloomberg.com
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British Airways makes £292m loss
British Airways has reported a loss before tax of £292m for the six months to the end of September.
There is a rumour going round the flight deck that last in first out I just happened to be one of the last few in
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I expect more redundancies this winter, it's starting to show that winter bookings aren't looking great for the airlines.
Found this on a few CTC students, waiting for that flying job:
Training to fly a desk
Right now I'd love to wind the clock 2yrs forward, where one would expect more positive things happening in the world.
Found this on a few CTC students, waiting for that flying job:
Training to fly a desk
Right now I'd love to wind the clock 2yrs forward, where one would expect more positive things happening in the world.
http://www.pprune.org/professional-p...ml#post3885841
Not quite 2 years yet but if you wind the clock back 21 months you would find this:
Today the Euro/Dollar is 1.487
I was wrong about the interest rate cuts, they were massive, but right about them not being passed on.
WWW
Not quite 2 years yet but if you wind the clock back 21 months you would find this:
The US is in recession and we will be there by the summer. Europe will tear itself apart economically as the Euro brushes up to 1.50 euro to the dollar. House prices have gone lower for 5 months in a row and the shareprices of the 4 biggest UK housebuilders are all down by more than 65%.
Interest rate cuts will be small and in many cases not passed on to borrowers. New credit is drying up fast and now the credit card companies are just terminating accounts with 35 days notice.
Without the credit there is no spending. Without the spending there is no economy.
The party is over. Those with £80k of debt, 200hrs and a lovely stack of CV's have my sympathy.
WWW
Interest rate cuts will be small and in many cases not passed on to borrowers. New credit is drying up fast and now the credit card companies are just terminating accounts with 35 days notice.
Without the credit there is no spending. Without the spending there is no economy.
The party is over. Those with £80k of debt, 200hrs and a lovely stack of CV's have my sympathy.
WWW
Today the Euro/Dollar is 1.487
I was wrong about the interest rate cuts, they were massive, but right about them not being passed on.
WWW
10 months from now. BoE base rate to be below 4% for at least 3 years.
They are desperate to avoid the deflation monster. Hyper inflation here we come. Buy assets and get the hell out of money.
WWW
They are desperate to avoid the deflation monster. Hyper inflation here we come. Buy assets and get the hell out of money.
WWW
Alex - perhaps yes. I still think its a pretty rubbish non-liquid asset with poor returns, but, rents haven't fallen much and I think 'the plan' is to let inflation burn peoples debt burdens down to a more manageable size. Your cash is going to shrink and tangible assets will appreciate or maintain their real value.
See, I'm almost bullish on house prices
It seems that the ultimate priority is not to do a Japan. After fighting the inflation monster since coming off the gold standard we're throwing open the gates and beckoning him in. Not a good era to be on a low fixed income like many pensioners..
WWW
See, I'm almost bullish on house prices
It seems that the ultimate priority is not to do a Japan. After fighting the inflation monster since coming off the gold standard we're throwing open the gates and beckoning him in. Not a good era to be on a low fixed income like many pensioners..
WWW
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As said before 
If you think were going to get hyper inflation then take as much debt out as you can. (not on flight training)
Maybe buy some metals with the debt.
However unless they change the current Fiat currency were still battling with deflation......
Mr Blanchflower
Keep Spending, We Are In Economic War: Blanchflower - Economy * Europe * News * Story - CNBC.com
If you think were going to get hyper inflation then take as much debt out as you can. (not on flight training)
Maybe buy some metals with the debt.
However unless they change the current Fiat currency were still battling with deflation......
Mr Blanchflower
Keep Spending, We Are In Economic War: Blanchflower - Economy * Europe * News * Story - CNBC.com
Last edited by cjd_a320; 6th Nov 2009 at 19:08.
The possibility of a money reset and issue of new currency is what drives me to have some physical gold. In a world where major currencies were resetting gold values would be through the roof and a small holding would be enough to start again well ahead of the pack.
It won't happen though. But I still have house insurance etc.
Metal is OK as an asset but then you are very unlikely to ever be able to take delivery of it. I lean towards assets that you can actually see and touch and own in a hyperinflation world. A cellar with 700 bottles of (currently cheap ad about to become much more expensive) Champagne is what I've just spent my ISA allowances on. They take up suprisingly little space when you rack them.
WWW
It won't happen though. But I still have house insurance etc.
Metal is OK as an asset but then you are very unlikely to ever be able to take delivery of it. I lean towards assets that you can actually see and touch and own in a hyperinflation world. A cellar with 700 bottles of (currently cheap ad about to become much more expensive) Champagne is what I've just spent my ISA allowances on. They take up suprisingly little space when you rack them.
WWW
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Its about time we had a some sort of fiat reset
1971- for the US & UK is getting long in the tooth for any fiat system..
Fine liquor, cigars & watches are another popular hedge which would complement your Champagne well.
Your right you have to own physical (offshore if your US/UK which is not practical for most people) No Futures, ETF's or any other form of paper IOU metals.
Were still only at the very start....
Shame the wannabes still don't see whats happening.....
(Dollar SDR's & Triffin Dilemma for anyone who's interested in such things)
Video - CNBC.com
1971- for the US & UK is getting long in the tooth for any fiat system..
Fine liquor, cigars & watches are another popular hedge which would complement your Champagne well.
Your right you have to own physical (offshore if your US/UK which is not practical for most people) No Futures, ETF's or any other form of paper IOU metals.
Were still only at the very start....
Shame the wannabes still don't see whats happening.....
(Dollar SDR's & Triffin Dilemma for anyone who's interested in such things)
Video - CNBC.com
Last edited by cjd_a320; 6th Nov 2009 at 22:25.
Watches is interesting. A bit of a play on the Swiss Franc but that may not be a bad thing. You'd have to avoid the lurid stuff and the chaff like Brietling but its not unattractive if you can avoid the fashion issues. A couple of dozen Rolex Submariners or similar might be a reasonable store of value.
I actually fancy english antique furniture at the moment. It hasn't been this cheap for maybe 2 decades. There are larger pieces going through auction now for £500 that would have fetched triple that only five years ago.
We may have wandered a little further off track than is wise...
WWW
I actually fancy english antique furniture at the moment. It hasn't been this cheap for maybe 2 decades. There are larger pieces going through auction now for £500 that would have fetched triple that only five years ago.
We may have wandered a little further off track than is wise...
WWW
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No one takes any notice.....
Trying to get back on track.....
10.2% U3 & 17.5 U6 unemployment rates in the US today....
Table A-12. Alternative measures of labor underutilization
The rule of thumb goes, once unemployment gets over 10% it becomes a leading indicator instead of lagging......
Trying to get back on track.....
10.2% U3 & 17.5 U6 unemployment rates in the US today....
Table A-12. Alternative measures of labor underutilization
The rule of thumb goes, once unemployment gets over 10% it becomes a leading indicator instead of lagging......
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WWW gives a hint there. Buy something that you know. He obviously knows the price of furniture. Find something you know more about than others that is currently of low value and buy.
Last year I would have said simply buy gold, but I have been proved so correct that I am not sure it can keep its absolute value. Probably a good bet against sterling, but so are Euros or any currency not influenced by Bob Mugabe, Barack Obama or Gordon Brown. OK, I exaggerate; you probably should not buy Venezualan or Cuban currency either (Honduras already covered - it's influenced by Obama's tragically inept foreign policy).
Last year I would have said simply buy gold, but I have been proved so correct that I am not sure it can keep its absolute value. Probably a good bet against sterling, but so are Euros or any currency not influenced by Bob Mugabe, Barack Obama or Gordon Brown. OK, I exaggerate; you probably should not buy Venezualan or Cuban currency either (Honduras already covered - it's influenced by Obama's tragically inept foreign policy).
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Fitch Says U.K. Rating Most at Risk Among Top-Rated
In the rare event wannabes take any notice of such things ....
Fitch Says U.K. Rating Most at Risk Among Top-Rated (Update1) - Bloomberg.com
Nov. 10 (Bloomberg) -- The U.K.’s sovereign credit rating is most at risk among top-rated nations, Fitch Ratings said, citing concern over the country’s budget deficit.
The rating faces risks because the U.K. needs “the largest budget adjustment,” David Riley, head of global sovereign ratings at Fitch, said in an e-mailed statement. “Our stable rating outlook reflected our expectation that the U.K. government will articulate a stronger fiscal consolidation program next year.”
The rating faces risks because the U.K. needs “the largest budget adjustment,” David Riley, head of global sovereign ratings at Fitch, said in an e-mailed statement. “Our stable rating outlook reflected our expectation that the U.K. government will articulate a stronger fiscal consolidation program next year.”