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#1173
Excellent point. Gubmint picking winners and losers.
“Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years. The money poured through the veins of the financial system and stoked demand for assets like stocks, corporate debt and commercial real estate bonds, driving up prices across markets.”
And then we wonder why we’re experiencing this great mystery called inflation?
When/if it all collapses who know what things will look like, but with no debt you’ve at least got options. 🤷♂️
“Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years. The money poured through the veins of the financial system and stoked demand for assets like stocks, corporate debt and commercial real estate bonds, driving up prices across markets.”
And then we wonder why we’re experiencing this great mystery called inflation?
When/if it all collapses who know what things will look like, but with no debt you’ve at least got options. 🤷♂️
You're going to be really shocked when you see the amount printed over the last two years.
#1175
Saw on Instagram. Funny... hits a little close to home... but (in my opinion) really only a problem when an airline with 10+ year FOs merges with an airline that has 3 year Captains. I believe ALPA merger policy still includes career expectations, doesn't it?
(If you haven't seen it in a while, Striker says "What a ****er.")
(If you haven't seen it in a while, Striker says "What a ****er.")
#1176
Saw on Instagram. Funny... hits a little close to home... but (in my opinion) really only a problem when an airline with 10+ year FOs merges with an airline that has 3 year Captains. I believe ALPA merger policy still includes career expectations, doesn't it?
(If you haven't seen it in a while, Striker says "What a ****er.")
(If you haven't seen it in a while, Striker says "What a ****er.")
The best thing to come out of the announced merger has been the memes and the quality content creators that have been added to my feed.
#1177
Saw on Instagram. Funny... hits a little close to home... but (in my opinion) really only a problem when an airline with 10+ year FOs merges with an airline that has 3 year Captains. I believe ALPA merger policy still includes career expectations, doesn't it?
(If you haven't seen it in a while, Striker says "What a ****er.")
(If you haven't seen it in a while, Striker says "What a ****er.")
#1178
I want to address this common refrain any time someone talks about the quick upgrade times at Delta (or UAL or FedEx etc..)
"Well sure, if you want to be based in New York and be on reserve for the next decade."
(Or Newark... or if you want to fly nights...)
It's about having the choice.
Here, our least desirable (and therefore most junior) domicile is nearly impossible to commute to from anyplace east of Denver and takes upwards of 11 years to upgrade to.
At Delta, their least desirable (and therefore most junior) domicile is served by 3 airports and 40 flights a day from just about anywhere in the Western Hemisphere. (Ok, I'm exaggerating a bit but you get the idea). There's also more crashpads than you can shake a stick at and free or low cost transportation to and from them. I've been based there at other airlines. Is it great? No, at least not for me. But it is for somebody. Pilots who live there or want to commute.
For those pilots the CHOICE of a junior upgrade is far better than a decade long slog. So the dismissal of that choice by many of our pilots just because of the domicile rings hollow. We have an equally unattractive domicile (or worse) and no choice whatsoever.
Yeah yeah, I know. "Delta's hiring. Don't let the door hit you on the butt on your way out."
Thanks Cap'n.
"Well sure, if you want to be based in New York and be on reserve for the next decade."
(Or Newark... or if you want to fly nights...)
It's about having the choice.
Here, our least desirable (and therefore most junior) domicile is nearly impossible to commute to from anyplace east of Denver and takes upwards of 11 years to upgrade to.
At Delta, their least desirable (and therefore most junior) domicile is served by 3 airports and 40 flights a day from just about anywhere in the Western Hemisphere. (Ok, I'm exaggerating a bit but you get the idea). There's also more crashpads than you can shake a stick at and free or low cost transportation to and from them. I've been based there at other airlines. Is it great? No, at least not for me. But it is for somebody. Pilots who live there or want to commute.
For those pilots the CHOICE of a junior upgrade is far better than a decade long slog. So the dismissal of that choice by many of our pilots just because of the domicile rings hollow. We have an equally unattractive domicile (or worse) and no choice whatsoever.
Yeah yeah, I know. "Delta's hiring. Don't let the door hit you on the butt on your way out."
Thanks Cap'n.
#1179
Gets Weekends Off
Joined APC: Feb 2018
Posts: 1,256
I want to address this common refrain any time someone talks about the quick upgrade times at Delta (or UAL or FedEx etc..)
"Well sure, if you want to be based in New York and be on reserve for the next decade."
(Or Newark... or if you want to fly nights...)
It's about having the choice.
Here, our least desirable (and therefore most junior) domicile is nearly impossible to commute to from anyplace east of Denver and takes upwards of 11 years to upgrade to.
At Delta, their least desirable (and therefore most junior) domicile is served by 3 airports and 40 flights a day from just about anywhere in the Western Hemisphere. (Ok, I'm exaggerating a bit but you get the idea). There's also more crashpads than you can shake a stick at and free or low cost transportation to and from them. I've been based there at other airlines. Is it great? No, at least not for me. But it is for somebody. Pilots who live there or want to commute.
For those pilots the CHOICE of a junior upgrade is far better than a decade long slog. So the dismissal of that choice by many of our pilots just because of the domicile rings hollow. We have an equally unattractive domicile (or worse) and no choice whatsoever.
Yeah yeah, I know. "Delta's hiring. Don't let the door hit you on the butt on your way out."
Thanks Cap'n.
"Well sure, if you want to be based in New York and be on reserve for the next decade."
(Or Newark... or if you want to fly nights...)
It's about having the choice.
Here, our least desirable (and therefore most junior) domicile is nearly impossible to commute to from anyplace east of Denver and takes upwards of 11 years to upgrade to.
At Delta, their least desirable (and therefore most junior) domicile is served by 3 airports and 40 flights a day from just about anywhere in the Western Hemisphere. (Ok, I'm exaggerating a bit but you get the idea). There's also more crashpads than you can shake a stick at and free or low cost transportation to and from them. I've been based there at other airlines. Is it great? No, at least not for me. But it is for somebody. Pilots who live there or want to commute.
For those pilots the CHOICE of a junior upgrade is far better than a decade long slog. So the dismissal of that choice by many of our pilots just because of the domicile rings hollow. We have an equally unattractive domicile (or worse) and no choice whatsoever.
Yeah yeah, I know. "Delta's hiring. Don't let the door hit you on the butt on your way out."
Thanks Cap'n.
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