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Originally Posted by Nick Bradshaw
(Post 3716376)
Yeah, go with that. Best of luck to you in your career choice, lol.
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Originally Posted by skitheline
(Post 3716381)
I would just like to point out some facts here. Auto-loan delinquencies are the highest they've ever been in history, and credit card debt is soaring past 1 trillion dollars with delinquency rates rising rapidly. Do with that information what you will.
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Originally Posted by Bluedriver
(Post 3716506)
Sounds like some cars are going to get repossessed and some people won't be able to spend on their Macy's credit card anymore... I think it's going to take a lot more than that to bring this economy completely to its knees. A recession is certainly possible, in fact, a recession is always coming, but more likely to be a garden variety. Normal recession in my opinion, unless something else changes.
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Originally Posted by Nick Bradshaw
(Post 3716376)
Yeah, go with that. Best of luck to you in your career choice, lol.
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Originally Posted by Nick Bradshaw
(Post 3716256)
They (Spirit and Frontier) are the canaries in the coal mine of our failing economy, and eventually it will work its way up until we see a crash worse than 2008 with foreclosures and bank failures. America learned nothing from that. We doubled down on spending money we don't have.
Anyhow, best of luck to all of you. If I was at a Spirit/Frontier/Allegiant/Jetblue or even Southwest, I'd be trying to get in at a legacy airline before the door slams shut. |
Originally Posted by Bluedriver
(Post 3716506)
Sounds like some cars are going to get repossessed and some people won't be able to spend on their Macy's credit card anymore…
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Originally Posted by kaputt
(Post 3716580)
Let them eat cake.
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Originally Posted by Bluedriver
(Post 3716592)
Dumb thing to say. I don't wish ill on anyone, and I'm not insensitive to people in difficult situations. But the economy continues to demonstrate it's resilience despite predictions of its failure "just around the corner" for the last several years. Some repossessed cars and some banks taking a loss on some of the credit card debt are not likely to cause more than a garden variety recession. It will take more than that to cause the collapse predicted by genius Nick.
the 2007/2008 housing market crash was predicted by a few markers that some people picked up on. defaults on subprime mortgages started to slowly climb years before it even happened. they even made a good movie about it called “the big short” |
Originally Posted by Nick Bradshaw
(Post 3716256)
Anyhow, best of luck to all of you. If I was at a Spirit/Frontier/Allegiant/Jetblue or even Southwest, I'd be trying to get in at a legacy airline before the door slams shut. In fact, I'd probably want to have a couple thousand pilot furlough buffer below me, because that's probably coming within the next 2 years when the SHTF.
Although legacies might be less inclined to furlough, or furlough less, if a recession were to hit in the next couple years.... retirements will still happen and they may not want to waste all that training capacity by moving backwards, if they can afford to ride it out. |
Originally Posted by Saabs
(Post 3716484)
Think you mean Delta. United will payout next quarter and have a loss.
they could possibly take a small hit in Q4 if the under judged https://www.cnbc.com/2023/03/13/unit...rter-loss.html |
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