Citi says 65% Chance of recession next year

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12-07-2015, 07:43 AM

#11

Hilltopper89

Gets Weekends Off

Joined APC: Oct 2012

Position: 737

Posts: 1,061

Quote:

Originally Posted by Normann

Interesting reading about why Saudi is not cutting production:

Why is Saudi Arabia lowering the price of crude oil?
https://www.quora.com/Why-is-Saudi-A...e-of-crude-oil

Another interesting reading, not about oil but about recession. From the Jerome Levy Forecasting Center (David Levy predicted 2008, his grandpa predicted 1929):

Why the Global Economy Is Facing Recession

Reference the date of this article. This has been going on for at least a year and a half and it appears to be working to some extent. See companies like Magnum Hunter whose stock price dropped 95% in the past 8 months and who was recently delisted from the exchange. These smallish U.S./Canadian oil exploration companies and drillers can't afford cheap petroleum for very long.

This said, I take little stock in what one analyst says about the chance of a recession. Sure, it might happen, but we can't base all our financial decisions based off analysts.

12-12-2015, 09:31 AM

#12

azdryheat

Not on Reserve

Joined APC: Feb 2011

Position: Seat 0A

Posts: 117

Quote:

Originally Posted by gettinbumped

Why do you assume that a yes vote to this AIP can only be out of fear?

Just responding to posts that indicate this.

Also some want instant cash, not willing to be patient. I'm sure there are other reasons also, such as making furloughed pilots whole.

12-12-2015, 10:04 AM

#13

Old UCAL CA

(retired)

Joined APC: Apr 2011

Position: Old, retired, healthy, debt-free, liquid

Posts: 422

Quote:

Originally Posted by azdryheat

Just responding to posts that indicate this.

Also some want instant cash, not willing to be patient. I'm sure there are other reasons also, such as making furloughed pilots whole.

I can't vote but, "a bird in hand is worth two in the bush" comes to mind, as does "a dollar today is worth more than a dollar tomorrow."