Almost amusing as a financial guy talking about aviationrookiepilot wrote: ↑Wed Dec 19, 2018 6:07 am The fact that a group of pilots are so actively talking about a recession means to me, we probably aren't quite there yet.
Actually amusing thread to read.
Are we entering another recession?
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Re: Are we entering another recession?
Re: Are we entering another recession?
DonutHole wrote: ↑Wed Dec 19, 2018 8:52 pmAlmost amusing as a financial guy talking about aviationrookiepilot wrote: ↑Wed Dec 19, 2018 6:07 am The fact that a group of pilots are so actively talking about a recession means to me, we probably aren't quite there yet.
Actually amusing thread to read.

- rookiepilot
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Re: Are we entering another recession?
Last I looked I've been a pilot too for more than a decade -- but hey nice try!DonutHole wrote: ↑Wed Dec 19, 2018 8:52 pmAlmost amusing as a financial guy talking about aviationrookiepilot wrote: ↑Wed Dec 19, 2018 6:07 am The fact that a group of pilots are so actively talking about a recession means to me, we probably aren't quite there yet.
Actually amusing thread to read.
What's your qualification to talk finance SugarDonut? What you read on Yahoo today?
Re: Are we entering another recession?
You can be a pilot as long as you have an IQ at least as high as your body temperature and you can do it for a living ( sort of a living. )
Try and be a successful financial adviser that far down on the IQ ladder.
Try and be a successful financial adviser that far down on the IQ ladder.
- rookiepilot
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Re: Are we entering another recession?
Markets are getting hammered again today.
Maybe Donut and his pals would like to offer advice to the viewers on what to do now.
I'm sure there would be interest today.
Re: Are we entering another recession?
You're a private pilot, right? Then stick to discussions relating to private piloting.rookiepilot wrote: ↑Thu Dec 20, 2018 4:37 amLast I looked I've been a pilot too for more than a decade -- but hey nice try!DonutHole wrote: ↑Wed Dec 19, 2018 8:52 pmAlmost amusing as a financial guy talking about aviationrookiepilot wrote: ↑Wed Dec 19, 2018 6:07 am The fact that a group of pilots are so actively talking about a recession means to me, we probably aren't quite there yet.
Actually amusing thread to read.
What's your qualification to talk finance SugarDonut? What you read on Yahoo today?
Re: Are we entering another recession?
Actually I find his posts and his thoughts quite interesting.You're a private pilot, right? Then stick to discussions relating to private piloting.
Is there something inferior about private pilots?
- rookiepilot
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Re: Are we entering another recession?
I'm a commercial rated pilot and use it personally.
I've commented lately on GA stuff, which you correctly guess is my arena, Bombardier, which I suspect I'm as entitled to comment on as much as you are, and a lot on a disturbing, at least to me, GA accident. I also fly a lot commercially, so as a pax I might throw in my oar occasionally from that perspective.
I don't see the problem.
Now how are you qualified to knowledgeably comment on anything regarding the economy or finance?
- schnitzel2k3
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Re: Are we entering another recession?
The big proponent to market downturns is sizable negativity and uncertainty. President Trump provides plenty of both, as is starting to show with the partial government shutdown. Globally everyone is taking a hit due to the America first strategy. And by everyone, I include Americans. His base is too busy crowdfunding the wall to see what's happening to their 401k's.
As Canadians, for the most part, we are an even keeled population and our economy has lots of checks and balances to provide stability. As long as we are proactive and avoid the partisan rhetoric, we will weather the coming storms. The challenge is combating division and limiting its negative impact (think Brexit).
Not to sound like a fortune cookie, but Canada needs to come together and develop plans now, to move resources more effectively to markets outside of the U.S. We have to plan to limit our markets vulnerability to U.S influence, even if President Trump is removed, it's just smart thing to do. We failed to diversify when we had a chance and locked in long term on one 'stock'.
S.
As Canadians, for the most part, we are an even keeled population and our economy has lots of checks and balances to provide stability. As long as we are proactive and avoid the partisan rhetoric, we will weather the coming storms. The challenge is combating division and limiting its negative impact (think Brexit).
Not to sound like a fortune cookie, but Canada needs to come together and develop plans now, to move resources more effectively to markets outside of the U.S. We have to plan to limit our markets vulnerability to U.S influence, even if President Trump is removed, it's just smart thing to do. We failed to diversify when we had a chance and locked in long term on one 'stock'.
S.
Re: Are we entering another recession?
Just imagine the leader of a country trying to protect the safety of the citizens of the country from foreign intruders.His base is too busy crowdfunding the wall to see what's happening to their 401k's.
Fortunately we don't have to worry about our leader doing that.
Re: Are we entering another recession?
Sure, markets are getting hammered, but that's just noise. Profit taking in time for the end of the so-so year. Many traders thought 2018 would be like 2017 and got burnt. So they sell at a loss now, so that they can show a loss during tax time.
Things are still going very very well. Except for Canada. Exxon just cancelled a $25B LBG project in BC.
Things are still going very very well. Except for Canada. Exxon just cancelled a $25B LBG project in BC.
Re: Are we entering another recession?
Crowdfund is going very well. Just passed the $10 million mark.C.W.E. wrote: ↑Thu Dec 20, 2018 7:39 pmJust imagine the leader of a country trying to protect the safety of the citizens of the country from foreign intruders.His base is too busy crowdfunding the wall to see what's happening to their 401k's.
Fortunately we don't have to worry about our leader doing that.
Also, the house just voted to approve 5.7B towards the Wall. Shows that they see how fast this wall is getting funded on GFM.
At one point this evening it went up 100k in 5 minutes.
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Re: Are we entering another recession?
Well, market should rally tomorrow. Wonder what that 10 mil is going to now?BigQ wrote: ↑Thu Dec 20, 2018 9:48 pmCrowdfund is going very well. Just passed the $10 million mark.C.W.E. wrote: ↑Thu Dec 20, 2018 7:39 pmJust imagine the leader of a country trying to protect the safety of the citizens of the country from foreign intruders.His base is too busy crowdfunding the wall to see what's happening to their 401k's.
Fortunately we don't have to worry about our leader doing that.
Also, the house just voted to approve 5.7B towards the Wall. Shows that they see how fast this wall is getting funded on GFM.
At one point this evening it went up 100k in 5 minutes.
S.
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Re: Are we entering another recession?
That was pretty painful to read when it popped up earlier today.
S.
Re: Are we entering another recession?
Short answer is yes. Who cares what all the "experts" say. Look at the situation around you. Everything is peaking or has already peaked. 2019 will be the beginning of a recession in Canada and probably 2020 for the USA. Europe is already in a recession.
Re: Are we entering another recession?
The feds increased interest rates and a government shutdown is looming so a toddler can build a wall, and today is following yesterday... ...opening with record selloffs on both US and Canadian markets.
Use your experience to tell us why this means that everything is just fine, rookie.
Use your experience to tell us why this means that everything is just fine, rookie.
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Re: Are we entering another recession?
Um, no. That's some shitty rhetoric. If you believe that you betray very little experience with financial advisers. The vast majority are nothing more than salespeople with zero ability, experience, training, or any relevant qualities whatsoever to actually offer financial advice of value. At best they may do your situation no harm, at worst they will lose everything you allow them to manage or advise on. The few good ones? A different story, but not accessible to most people.
As far as pilots, shame you see the profession you've spent your whole life in so poorly, though. Same old, same old - pilots with low self esteem!

hey rookie, if you have such contempt for pilots ability to assess macroeconomics, how about offering your own pearls of wisdom? So far you've only offered insults, nothing of value. Or is it just easier to take cheap shots and run away from stating your own opinion in fear it is as useless as everyone else's?

As far as what license one holds, if any...no one considers one type of pilot better than another, at least, I don't. I just find that people loudly spewing strong opinions outside their niche are..less than credible. Hence when a private or non-working commercially-rated pilot goes on a rant about things in the industry they simply don't have the perspective to even know about, I give it very little weight. By the same token, I don't act like a know-it-all about things...I know nothing about.
And that's the thing - smart people know that they don't know things. Stupid people don't have a clue, and unfortunately are more vocal.


I’m still waiting for my white male privilege membership card. Must have gotten lost in the mail.
Re: Are we entering another recession?
Financial advisors = salespeople
Financial analyst = actual education required
Financial analyst = actual education required
- rookiepilot
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Re: Are we entering another recession?
Complex:complexintentions wrote: ↑Fri Dec 21, 2018 9:35 am
hey rookie, if you have such contempt for pilots ability to assess macroeconomics, how about offering your own pearls of wisdom? So far you've only offered insults, nothing of value. Or is it just easier to take cheap shots and run away from stating your own opinion in fear it is as useless as everyone else's?![]()
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First I am not a financial advisor. As I've said before, almost all of them are salespeople. BTW -- so are the analyst community. The entire industry is a sales industry. Second, I never said everything was "fine" -- and I will not. We have serious, ugly structural debt issues not will not be easily solved; and I have written that many places until I'm blue in the face. No one cared.
On advice:
I warned on these pages many months ago, and on Twitter where I write on economics and markets. Repeatedly, and when prices were far higher than todays. I recall being openly mocked for my views and caution -- I believe one comment here was "why would I listen to financial advice from a random internet troll" -- or something like that. It wasn't valued then. I'm sure the same is true today.
So fine. Why would I offer advice from my area of long expertise to be mocked? Do you like that?
Now everyone is freaking out. This encourages me to buy quality stocks for a big bounce and I am doing so today and yesterday, after being very wary (which means net short) most of the year. Hopefully it works out. But a lot of short term risk has been wrung out in my so called amateur view. Vs. long term risk. Different.
I have no idea when the next recession will show up neither do you. It will of course as long as the business cycle continues to exist.
There you are. Good luck. If it makes you feel better assume I don't know anything. I'm sure the 25 year old bank financial advisors know what to do.
Re: Are we entering another recession?
Morning Complex hows things going with you?
I have been without electrical power since two PM yesterday due to a really bad windstorm that has put most of Vancouver Island out of power and we may be this way for days due to the widespread damage by falling trees.
Fortunately we have a very efficient wood stove to keep us warm and lots of dry wood.
And the cars to charge our phones and computers so things could be worse.
Now to this.
However I did come to the opinion that a large percentage of working pilots were poorly trained and it is my personal opinion that the fault lies with poor over site of the flying training industry, especially in Canada and part of my opinion was formed when I owned a flight school both fixed and rotary wing for around five years.
For sure there were a lot of very good pilots among the many I did advanced flight training with but that does not justify the many who were poorly trained with poor airplane handling skills.
I have been retired since 2005 and have not really had the opportunity to observe how today's pilots have been trained so it is possible the problem of poor training has been addressed and the airplane handling skills of this new generation has improved dramatically so my opinion just may be outdated in which case I would be happy to be wrong about this issue.
You seem to be in a position to comment on this, has there been a real noticeable improvement in the skills of the new pilots in the industry?
By the way have a Merry Christmas and a very good New Year.
. E.
I have been without electrical power since two PM yesterday due to a really bad windstorm that has put most of Vancouver Island out of power and we may be this way for days due to the widespread damage by falling trees.
Fortunately we have a very efficient wood stove to keep us warm and lots of dry wood.
And the cars to charge our phones and computers so things could be worse.
Now to this.
True I did spend most of my life in the flying industry and did very well in it because I flew in specialised sectors of the business such as Ag. flying, fire suppression, the TV industry and the movie industry and spent eight years the air show circuit in Europe so I did quite well.As far as pilots, shame you see the profession you've spent your whole life in so poorly, though. Same old, same old - pilots with low self esteem!![]()
However I did come to the opinion that a large percentage of working pilots were poorly trained and it is my personal opinion that the fault lies with poor over site of the flying training industry, especially in Canada and part of my opinion was formed when I owned a flight school both fixed and rotary wing for around five years.
For sure there were a lot of very good pilots among the many I did advanced flight training with but that does not justify the many who were poorly trained with poor airplane handling skills.
I have been retired since 2005 and have not really had the opportunity to observe how today's pilots have been trained so it is possible the problem of poor training has been addressed and the airplane handling skills of this new generation has improved dramatically so my opinion just may be outdated in which case I would be happy to be wrong about this issue.
You seem to be in a position to comment on this, has there been a real noticeable improvement in the skills of the new pilots in the industry?
By the way have a Merry Christmas and a very good New Year.

. E.
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Re: Are we entering another recession?
viewtopic.php?p=1044920#p1044920
Seems like this post and thread should be reshared. In it I offer a lot of reasonable financial advice, wouldn't you agree complex?
Seems like this post and thread should be reshared. In it I offer a lot of reasonable financial advice, wouldn't you agree complex?
Last edited by rookiepilot on Sat Dec 22, 2018 6:28 am, edited 1 time in total.
Re: Are we entering another recession?
"Energy" represents 12% of the Canadian economy. That is HUGE! Alberta sells refined petroleum to the U.S. at below cost. The "Auto Sector" represents 3% of Canada's economy, almost all Ontario based. Alberta's unemployment rate reached record highs last year at 9%. Alberta's unemployment rate was around 4.5% for several decades. Alberta's unemployment rate is presently around 6.5% That is still huge for a G8 nation. Recession? Yes. Inflation? Maybe. How much debt are you carrying? Depression? Depending on where you live, the value of your house may have fallen. The cost of fuel fluctuates, but the cost of food, automobiles, banking, prescription drugs, property taxes, public transit, and utilities continue to rise beyond income level increases.
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Re: Are we entering another recession?
[quote=BigQ post_id=1062663 time=1545230396 user_id=13500
I have no idea where y'all think that we have global headwinds (fake news maybe?). The US economy is on fire. It has, essentially full employment. Corporate profits are up by a ton. The reduction in corporate tax rate was a huge boost to their economy, and by association but to a lesser extent, us. Yes, other G7 economies are suffering, but again, the US is the biggest economy and the way the US goes, so does the rest of the world
[/quote]
Well I spend a fair bit of time in various parts of the World and there are plenty of unreported events.
Dubai
- Construction like there's no tomorrow right next to projects where construction has stopped or not started at all. All with borrowed money.
- Debt to GDP of 140% (2016)
- Collapse of several construction firms
- Consolidation of banks
- Collapse of a supermarket chain
- Sale of a number of properties by Emaar
- Housing price/Rental price decline.
- Large decline in the Stock Market
- Mass exodus of white collar workers (includes a lot of people I know)
- Nasty war in Yemen that the UAE has decided to get mixed up in. Victory would take 2 weeks - that was 3.5 years ago. Retaliation has been promised.
But according the to local papers - "It's all Good!"
One "Black Swan" event will collapse the entire house of cards - 2008 will be nothing by comparison imho.
Australia
-Housing prices are dropping
-Businesses are closing shop
-Lots of contractors let go as various mega projects are finished. This has a huge knock on effect on the local economy.
-Construction is slowing on on hold especially Commercial projects.
Airlines
-A number have gone under in Europe and there are more to come imho.
-Jet Airways is in financial trouble.
-Etihad is in financial trouble and are laying people off
-WoW Air is in financial trouble
-Hainan has stopped hiring
Just browsing this morning and I found these stories
https://www.newsinenglish.no/2018/12/20 ... e-trouble/
https://www.pprune.org/terms-endearment ... elled.html
I have no idea where y'all think that we have global headwinds (fake news maybe?). The US economy is on fire. It has, essentially full employment. Corporate profits are up by a ton. The reduction in corporate tax rate was a huge boost to their economy, and by association but to a lesser extent, us. Yes, other G7 economies are suffering, but again, the US is the biggest economy and the way the US goes, so does the rest of the world
[/quote]
Well I spend a fair bit of time in various parts of the World and there are plenty of unreported events.
Dubai
- Construction like there's no tomorrow right next to projects where construction has stopped or not started at all. All with borrowed money.
- Debt to GDP of 140% (2016)
- Collapse of several construction firms
- Consolidation of banks
- Collapse of a supermarket chain
- Sale of a number of properties by Emaar
- Housing price/Rental price decline.
- Large decline in the Stock Market
- Mass exodus of white collar workers (includes a lot of people I know)
- Nasty war in Yemen that the UAE has decided to get mixed up in. Victory would take 2 weeks - that was 3.5 years ago. Retaliation has been promised.
But according the to local papers - "It's all Good!"
One "Black Swan" event will collapse the entire house of cards - 2008 will be nothing by comparison imho.
Australia
-Housing prices are dropping
-Businesses are closing shop
-Lots of contractors let go as various mega projects are finished. This has a huge knock on effect on the local economy.
-Construction is slowing on on hold especially Commercial projects.
Airlines
-A number have gone under in Europe and there are more to come imho.
-Jet Airways is in financial trouble.
-Etihad is in financial trouble and are laying people off
-WoW Air is in financial trouble
-Hainan has stopped hiring
Just browsing this morning and I found these stories
https://www.newsinenglish.no/2018/12/20 ... e-trouble/
https://www.pprune.org/terms-endearment ... elled.html
Always fly a stable approach - it's the only stability you'll find in this business