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Search: Posts Made By: Penguin68
Showing results 1 to 35 of 43
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Forum: Professional Pilot Training (includes ground studies)
13th Nov 2009, 23:31
Replies: 3,300
Views: 455,033
Posted By Penguin68

Agreed unless Sterling comes under serious...

Agreed unless Sterling comes under serious attack. Real US rates to remain negative for the forseeable future ... no change there then (since 9/11). You would think the powers that be would notice...
Forum: Professional Pilot Training (includes ground studies)
27th Oct 2009, 02:53
Replies: 3,300
Views: 455,033
Posted By Penguin68

You were obviously too busy posturing to notice...

You were obviously too busy posturing to notice the thread title or the general drift of the subject matter in it. If anyone gets to say what can be discussed here its WWW, not you. There are plenty...
Forum: Professional Pilot Training (includes ground studies)
26th Oct 2009, 01:47
Replies: 3,300
Views: 455,033
Posted By Penguin68

Been wondering about that myself recently. If the...

Been wondering about that myself recently. If the latest crappy UK GDP figures don't cause the FTSE (and Sterling) to tank I don't know what will. The 'greater fools' may have been geniuses after...
Forum: Interviews, jobs & sponsorship
23rd Oct 2009, 18:17
Replies: 21
Views: 16,471
Posted By Penguin68

Let's be fair ... he's not the only one - even in...

Let's be fair ... he's not the only one - even in this thread. This board is overrun by people whose command of the lingo is downright scary. A lot of them are pretending to be real airline pilots....
Forum: Professional Pilot Training (includes ground studies)
18th Sep 2009, 19:15
Replies: 3,300
Views: 455,033
Posted By Penguin68

So wrong on so many levels. I find it interesting...

So wrong on so many levels. I find it interesting that the last Tory chancellor, the amiable and eminently pragmatic Ken Clarke agrees with me that the UK banks need to quit their casino habit - or...
Forum: Professional Pilot Training (includes ground studies)
17th Sep 2009, 15:30
Replies: 3,300
Views: 455,033
Posted By Penguin68

made? they wanted to do it. we wanted to do it on...

made? they wanted to do it. we wanted to do it on our CDOs and did. if the structure doesn't tank the equity tranche is a goldmine - you own the pool at the bottom of the waterfall. the early ones we...
Forum: Professional Pilot Training (includes ground studies)
17th Sep 2009, 01:44
Replies: 3,300
Views: 455,033
Posted By Penguin68

Just one more thing ... for the most part the...

Just one more thing ... for the most part the mid-noughties vintage mortgages left on the books of most UK banks are the ones that they couldn't securitise, i.e. the worst of the lot. The government...
Forum: Professional Pilot Training (includes ground studies)
17th Sep 2009, 01:39
Replies: 3,300
Views: 455,033
Posted By Penguin68

the first time I had CDOs explained to me (04?) I...

the first time I had CDOs explained to me (04?) I had exactly that thought.
Forum: Professional Pilot Training (includes ground studies)
17th Sep 2009, 01:31
Replies: 3,300
Views: 455,033
Posted By Penguin68

You are making a few assumptions that are false....

You are making a few assumptions that are false. My casino traded virtually everything, not specifically US RMBS, and we didn't securitise mortgages. Thanks to the fear of being left behind and the...
Forum: Professional Pilot Training (includes ground studies)
16th Sep 2009, 20:40
Replies: 3,300
Views: 455,033
Posted By Penguin68

If I was at a big casino (failed or otherwise) I...

If I was at a big casino (failed or otherwise) I probably would but the story of the downfall of a cruddy little camel-shop isn't going to sell.

I totally agree that ultimately it is top level...
Forum: Professional Pilot Training (includes ground studies)
16th Sep 2009, 16:53
Replies: 3,300
Views: 455,033
Posted By Penguin68

Which is why the responsibility lies with the...

Which is why the responsibility lies with the pushers and the champions of financial deregulation who facilitated the pushers. You might as well blame your cat/dog/hamster instead of the moronic...
Forum: Professional Pilot Training (includes ground studies)
16th Sep 2009, 16:46
Replies: 3,300
Views: 455,033
Posted By Penguin68

Don't I know it. The risk group warned our casino...

Don't I know it. The risk group warned our casino that the models were grossly understating our ABS book's VaR in 2006 because the timeseries we were using were becoming inappropriate - we wanted to...
Forum: Professional Pilot Training (includes ground studies)
16th Sep 2009, 01:47
Replies: 3,300
Views: 455,033
Posted By Penguin68

thats a common republican talking point. blame...

thats a common republican talking point. blame the junkie - the pusher is just an honest enterprising capitalist. the mortgage brokers knew the loans could not be repayed, and told their clients how...
Forum: Professional Pilot Training (includes ground studies)
15th Sep 2009, 22:11
Replies: 3,300
Views: 455,033
Posted By Penguin68

or Mystic Meg. Most people who work in the...

or Mystic Meg.

Most people who work in the city (and presumably WS too) become extremely cynical in time - you take your bonus and you look the other way - I did. Now I'm like the anti-smoking...
Forum: Professional Pilot Training (includes ground studies)
15th Sep 2009, 21:39
Replies: 3,300
Views: 455,033
Posted By Penguin68

WWW - apologies if I sound a bit over feisty...

WWW - apologies if I sound a bit over feisty today ;)

Cards on the table - I now work in IT and I'm doing my PPL with a local FBO and I will very likely do my IR and ME eventually (there are...
Forum: Professional Pilot Training (includes ground studies)
15th Sep 2009, 19:59
Replies: 3,300
Views: 455,033
Posted By Penguin68

When (maybe I shouldn't say 'when' but its pretty...

When (maybe I shouldn't say 'when' but its pretty certain) the next stock market crunch hits (Q4?) the dollar will gain a lot of ground rapidly vs. Sterling and everything else but I doubt it will...
Forum: Professional Pilot Training (includes ground studies)
15th Sep 2009, 19:23
Replies: 3,300
Views: 455,033
Posted By Penguin68

The 'Swedish route' is entirely justifiable and...

The 'Swedish route' is entirely justifiable and typically pragmatic of them - as opposed to the dogma of the 'invisible hand fundamentalists' still clinging to their failed religion. You don't want...
Forum: Professional Pilot Training (includes ground studies)
11th Sep 2009, 21:18
Replies: 3,300
Views: 455,033
Posted By Penguin68

There's no deflation in the price of things...

There's no deflation in the price of things people actually HAVE to buy in either the UK or US. The official inflation figures are total BS based on a basket of flatscreen bluray wiigits, naff oaky...
Forum: Professional Pilot Training (includes ground studies)
2nd Sep 2009, 19:11
Replies: 3,300
Views: 455,033
Posted By Penguin68

Its a question of timing - it will correct itself...

Its a question of timing - it will correct itself to a more neutral supply/demand position but not any time soon. There is a glut of cheap pilots and a contracting airline industry that still has to...
Forum: Professional Pilot Training (includes ground studies)
1st Sep 2009, 21:09
Replies: 3,300
Views: 455,033
Posted By Penguin68

Okay, but as we've seen, if you guarantee only...

Okay, but as we've seen, if you guarantee only domestic retail deposits some uppity foreign government ;) will use anti-terrorist legislation to seize your assets held overseas.

I'd love to have...
Forum: Professional Pilot Training (includes ground studies)
1st Sep 2009, 18:35
Replies: 3,300
Views: 455,033
Posted By Penguin68

Presumably not the one your money is in? From a...

Presumably not the one your money is in? From a moral hazard perspective, thats the right thing to do, but its politically impossible.



Agree completely. And all the more so because a lot of...
Forum: Professional Pilot Training (includes ground studies)
1st Sep 2009, 18:19
Replies: 3,300
Views: 455,033
Posted By Penguin68

Absolutely spot on. But the supply of wannabes...

Absolutely spot on. But the supply of wannabes who can fund training, let alone PFT/PFJ will be drastically curtailed by the dire economic situation, so PFJ will be a temporary phenomenon the...
Forum: Professional Pilot Training (includes ground studies)
1st Sep 2009, 18:07
Replies: 3,300
Views: 455,033
Posted By Penguin68

Right, but a mass outbreak of personal bankruptcy...

Right, but a mass outbreak of personal bankruptcy would reduce the money supply ... all that debt vanishing into thin air, and the assets being sold off at firesale prices. The 'funny money' might be...
Forum: Professional Pilot Training (includes ground studies)
1st Sep 2009, 04:12
Replies: 3,300
Views: 455,033
Posted By Penguin68

"I've shorted the FTSE today over the next 6...

"I've shorted the FTSE today over the next 6 months at £9 a point. This suckers gonna blow."

brave :ooh:

I agree its headed seriously south again before the real bottom and it ought to happen...
Forum: Professional Pilot Training (includes ground studies)
13th Aug 2009, 02:26
Replies: 3,300
Views: 455,033
Posted By Penguin68

Cows_Getting_Bigger ... you were very lucky to be...

Cows_Getting_Bigger ... you were very lucky to be living in Scotland.

I sold my 5 bed detatched in the 'saarf daahns' in Nov 2008. Bought it new in Jun 2002 - not peak of the market. Didn't make...
Forum: Professional Pilot Training (includes ground studies)
8th Aug 2009, 01:40
Replies: 3,300
Views: 455,033
Posted By Penguin68

Wannabes should not borrow money for training,...

Wannabes should not borrow money for training, period. Even if you get a job the financial payoff is just not there but the interest sure will be. Work first, fly later.
Forum: Professional Pilot Training (includes ground studies)
7th Aug 2009, 23:23
Replies: 3,300
Views: 455,033
Posted By Penguin68

WWW - I'm not in the deflation camp - I think...

WWW - I'm not in the deflation camp - I think that is b*ll*cks. I just don't buy oil at 200 in 5 years. I have a friend who works for Shell in Canada who was worried about her job prospects when oil...
Forum: Professional Pilot Training (includes ground studies)
7th Aug 2009, 19:09
Replies: 3,300
Views: 455,033
Posted By Penguin68

Oil at $200 in real terms is not going to happen...

Oil at $200 in real terms is not going to happen for quite a while because it will induce a global economic collapse just as sure as 20% interest rates or another freezing of the money markets would....
Forum: Professional Pilot Training (includes ground studies)
6th Aug 2009, 03:49
Replies: 3,300
Views: 455,033
Posted By Penguin68

Maybe I missed the point but the instruments...

Maybe I missed the point but the instruments mentioned - MBS, CDS, CDO - those ARE all derivatives - their value is derived from other financial instruments. So they are included in the very very big...
Forum: Interviews, jobs & sponsorship
5th Aug 2009, 04:09
Replies: 45
Views: 11,264
Posted By Penguin68

To the junior Scargillites on here foaming at the...

To the junior Scargillites on here foaming at the mouth about PFT/PFJ ... as John Lydon put it: "unlucky you ... well boo hoo". Your demeanor is unlikely to help you get or keep ANY professional job....
Forum: Professional Pilot Training (includes ground studies)
5th Aug 2009, 03:00
Replies: 3,300
Views: 455,033
Posted By Penguin68

The Northern Crock results were appalling. 39% of...

The Northern Crock results were appalling. 39% of their book is in negative equity and as house prices continue to fall into the bleak winter of 2009/10 that is going to quickly get worse. And all...
Forum: Professional Pilot Training (includes ground studies)
26th Jul 2009, 14:27
Replies: 3,300
Views: 455,033
Posted By Penguin68

WWW

"The looming collapse of the emerging Eastern European countries is likely to cripple the Austrian and Swedish banking system."

You've been reading Ambrose Cassandra-Malthus' column in the...
Forum: Professional Pilot Training (includes ground studies)
26th Jul 2009, 14:21
Replies: 3,300
Views: 455,033
Posted By Penguin68

Well if the Euroland banks are sitting on 16.3...

Well if the Euroland banks are sitting on 16.3 trillion of toxic waste they should try the same accounting wheeze as the US banks just did and turn them into Phantom record profits then pay...
Forum: Medical & Health
21st Jul 2009, 03:38
Replies: 1,771
Views: 463,155
Posted By Penguin68

"I did my class one medical i was asked to read...

"I did my class one medical i was asked to read the 4th line which was fine and 5th line which i did but with some strain. However i couldn't read the bottom line. Could anyone guess, to tell me what...
Forum: Professional Pilot Training (includes ground studies)
21st Jul 2009, 03:23
Replies: 3,300
Views: 455,033
Posted By Penguin68

Moaning Moping Morrissey

WWW - I agree with much of your analysis on the economy but eventually some good will come of this almighty clusterf*ck - one thing that will be better is that real UK house prices will be at least...
Showing results 1 to 35 of 43
 
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