Worried about the future...
03-13-2008 | 08:55 AM
#21
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The glass is half empty fuel prices will not stop going up and the fact of the matter is that its not much we can do about it. All I can say is lace up your boots and if you have a pair of waders strap them on too the Shizzzzzzznit is getting thick.
03-13-2008 | 09:06 AM
#22
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From: Right Seat... Forever
Much of this is due to the shrinking dollar. 1.55 v-s the Euro is pretty bad. Oil prices are a reflection of the economic stagnation due to the lending crisis right now but when that all blows over and investors have bought all of the foreclosed properties things should get better -and just in time for another attack that will further weaken the industry. Time to get some Pesos.
03-13-2008 | 09:25 AM
#23
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Much of this is due to the shrinking dollar. 1.55 v-s the Euro is pretty bad. Oil prices are a reflection of the economic stagnation due to the lending crisis right now but when that all blows over and investors have bought all of the foreclosed properties things should get better -and just in time for another attack that will further weaken the industry. Time to get some Pesos.
It's not going to get better untill some figure out how to operate a 777 on
Ni-cades
03-13-2008 | 09:33 AM
#24
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Joined: Sep 2006
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Much of this is due to the shrinking dollar. 1.55 v-s the Euro is pretty bad. Oil prices are a reflection of the economic stagnation due to the lending crisis right now but when that all blows over and investors have bought all of the foreclosed properties things should get better -and just in time for another attack that will further weaken the industry. Time to get some Pesos.
The lending crisis is only the tip of the iceberg. It is only a symptom of a much larger economic problem in the US rather than being the problem itself.
03-13-2008 | 09:38 AM
#25
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I think the reason the US economy has traditionally outperformed other countries is because of our willingness to take on large amounts of debt to expand. That's fine when our economy is strong and currency is strong but when the opposite is true it's the same as defaulting on a credit card with high balances, and the lender jacking up the interest rate.
Once Americans got a taste for "luxury autos" in every garage, HD TV and Plasma TV's, buying coffee instead of setting the machine up every night, etc. they don't want to go back. It's really hard to take a cut in one's standard of living.
Once Americans got a taste for "luxury autos" in every garage, HD TV and Plasma TV's, buying coffee instead of setting the machine up every night, etc. they don't want to go back. It's really hard to take a cut in one's standard of living.
03-13-2008 | 10:56 AM
#26
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I must admit I'm becoming very concerned about this industry, and the economy overall. I'm seeing more and more articles about how this recession is going to be the worst we've seen since possibly WW2. Just a few days ago the WSJ predicted 20% of wall street will be laid off by the end of 08.
http://link.brightcove.com/services/...tid=1449581196
Sure, that is specific to the financial industry which is being hit especially hard, but the ripple effects from that could really hurt us all. Here's one article that got my attention. It's an editorial, but is based on what economists are saying. It may be totally wrong. Thing is I'm seeing this pattern of doom n gloom in many articles recently, saying a recession will only be the start.
http://www.intelligencer.ca/ArticleD....aspx?e=918803
http://link.brightcove.com/services/...tid=1449581196
Sure, that is specific to the financial industry which is being hit especially hard, but the ripple effects from that could really hurt us all. Here's one article that got my attention. It's an editorial, but is based on what economists are saying. It may be totally wrong. Thing is I'm seeing this pattern of doom n gloom in many articles recently, saying a recession will only be the start.
http://www.intelligencer.ca/ArticleD....aspx?e=918803
03-13-2008 | 10:59 AM
#27
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From: 737 Right
Of course, those days are over. With the deficit and public debt at their current levels, I fear some very difficult times ahead.
03-13-2008 | 11:05 AM
#28
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I don't see the correlation. 2003-2007 sure was great for the stock market but the government was running an INCREASING $500 BILLION dollar deficit year over year.
2000-2003 was pretty bad as far as the economy goes but again, debt increased between $200 billion and $500 billion year over year.
2000-2003 was pretty bad as far as the economy goes but again, debt increased between $200 billion and $500 billion year over year.
03-13-2008 | 11:08 AM
#29
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Just had a buddy email me this:
JP Morgan projects $4 billion-$9 billion loss for US airlines in 2008:
http://www.atwonline.com/news/story.html?storyID=12048
Hang on folks, it's going to be an ugly ride. Personally, being at an already shaky regional (XJT), I'm brushing up the resume for non-flying jobs, just in case.
JP Morgan projects $4 billion-$9 billion loss for US airlines in 2008:
http://www.atwonline.com/news/story.html?storyID=12048
Hang on folks, it's going to be an ugly ride. Personally, being at an already shaky regional (XJT), I'm brushing up the resume for non-flying jobs, just in case.
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