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FedEx
As of September 2022 through May 2025 FedEx is slated to take delivery of 42 aircraft. That’s around 550 pilots when considering the permanent parking of the last 9 MD10s at the end of this year. Plus about 200 pilots per year retiring, so that’s about 1,000 pilots they need to hire in the next 30 months to cover for retirements and aircraft deliveries. They are just pausing hiring until February when they’ll start calling in the 150 pilots swimming in the pool.
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Originally Posted by FXLAX
(Post 3537058)
Until the Biden administration no one ever argued that the definition of a recession is two consecutive quarters of negative GDP.
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Originally Posted by FXLAX
(Post 3537058)
Until the Biden administration no one ever argued that the definition of a recession is two consecutive quarters of negative GDP.
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Except that simply isn’t true. I specifically remember having this discussion in undergrad (finance) in 1994 and again in grad school (MBA at at top 15 school) in 2015. There has never been an agreed upon definition of a recession by the NBER regardless of what partisan politics you attempt to interject.
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Originally Posted by JFS 3
(Post 3537051)
Whose definition? Yours? GDP growth last quarter, S&P higher than it was a year ago, record low unemployment, UAL has a record-breaking quarter... Maybe a real one is coming, but if this is what a recession looks like, I welcome it.
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Originally Posted by Tini
(Post 3537107)
Except that simply isn’t true. I specifically remember having this discussion in undergrad (finance) in 1994 and again in grad school (MBA at at top 15 school) in 2015. There has never been an agreed upon definition of a recession by the NBER regardless of what partisan politics you attempt to interject.
“In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin. This definition of a recession became a common standard over the years.” Source - https://www.forbes.com/advisor/inves...s-a-recession/ |
Originally Posted by majorpilot
(Post 3537196)
“In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin. This definition of a recession became a common standard over the years.”
Source - https://www.forbes.com/advisor/inves...s-a-recession/ “Top 15”…. |
Originally Posted by JFS 3
(Post 3537051)
Whose definition? Yours? GDP growth last quarter, S&P higher than it was a year ago, record low unemployment, UAL has a record-breaking quarter... Maybe a real one is coming, but if this is what a recession looks like, I welcome it.
2 consecutive quarters of negative GDP was recession until we re-defined it. S and P is higher??? Please put down your crack pipe. Look at the bond market yield curve for the 10 year and 2 year. They are INVERTED. This has happened in the recent past 4 times. 1. 1987 crash 2. Dot Com bubble/ 9/11 3. Housing Credit Crisis 4. NOW I don't think you want to welcome what is likely coming sir. As far as FEDEX goes, your guess is as good as mine. Looks to be a rocky road ahead through my eyes. |
Originally Posted by Nordhavn
(Post 3537307)
2 consecutive quarters of negative GDP was recession until we re-defined it. S and P is higher??? Please put down your crack pipe. Look at the bond market yield curve for the 10 year and 2 year. They are INVERTED. This has happened in the recent past 4 times.
1. 1987 crash 2. Dot Com bubble/ 9/11 3. Housing Credit Crisis 4. NOW I don't think you want to welcome what is likely coming sir. As far as FEDEX goes, your guess is as good as mine. Looks to be a rocky road ahead through my eyes. Recession: When your neighbor loses their job. Depression: When you lose your job. |
FedEx
Originally Posted by Tini
(Post 3537107)
Except that simply isn’t true. I specifically remember having this discussion in undergrad (finance) in 1994 and again in grad school (MBA at at top 15 school) in 2015. There has never been an agreed upon definition of a recession by the NBER regardless of what partisan politics you attempt to interject.
Academic elites, enough said. They can literally argue any side of any topic. Just look up the definition of recession or to recede. Then it will make total common sense why it’s never been argued amongst the populace that two consecutive quarters of negative (-) GDP is a recession. Because it can’t be said the economy has receded unless it happens at least twice in a row. Why is this even a big dea now? |
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