Delta, Allegiant, and United only furloughs?
05-27-2020, 11:52 AM
#31
Gets Weekends Off
Joined APC: Jan 2016
Posts: 128
Originally Posted by Silver02ex
In 2019 consumer debt have increase 19% since 2009. Credit Cards hit record high of $829 Billion. Many people will find a way to spend money when they see a good deal. I'm willing to bet that, even last year families who spent $6000-$10,000 for a Disney Vacation probably couldn't afford it, or didn't have the money to do it, but they can afford the "payments"
05-28-2020, 10:04 AM
#32
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,261
Originally Posted by BoldPilot
Which is a whole bigger problem waiting to explode. Tons of people and companies have taken on large amounts of debt over the last couple of months. I’m afraid the coronavirus is just the wind blowing into the sails of another financial crisis on the horizon. How soon it will get here is anyone’s guess.
05-31-2020, 06:36 AM
#33
On Reserve
Joined APC: Apr 2020
Position: B717 FO
Posts: 22
Originally Posted by BoldPilot
Which is a whole bigger problem waiting to explode. Tons of people and companies have taken on large amounts of debt over the last couple of months. I’m afraid the coronavirus is just the wind blowing into the sails of another financial crisis on the horizon. How soon it will get here is anyone’s guess.
Of course we came out of that with a fairly strong economy. The question in my mind is weather they can use the printing press again without destroying the currency. I'm hopeful. So far it's inflating the stock market, but will it trickle down to Main street? I hope and pray that it does.
05-31-2020, 06:44 AM
#34
Gets Weekends Off
Joined APC: Mar 2005
Posts: 1,888
Originally Posted by Cfiimebob
I agree with you, and am worried about a financial crisis in the making. In 2008 the feds turned on the printing press, and brought us out of a great recession. At the time I thought the dollar would collapse, and that America was gone as we know it.
Of course we came out of that with a fairly strong economy. The question in my mind is weather they can use the printing press again without destroying the currency. I'm hopeful. So far it's inflating the stock market, but will it trickle down to Main street? I hope and pray that it does.
Of course we came out of that with a fairly strong economy. The question in my mind is weather they can use the printing press again without destroying the currency. I'm hopeful. So far it's inflating the stock market, but will it trickle down to Main street? I hope and pray that it does.
Thread
Thread Starter
Forum
Replies
Last Post
