Recession incoming

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7ECA
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Re: Recession incoming

Post by 7ECA » Sun Nov 17, 2019 12:01 am

9/11 arrived at the cusp of yet another mass retirement wave, and what happened there? If you weren't permanently laid off, most chose to hang on longer to try and recoup/rebuild what was left of their pensions. Odds are the same thing will happen this time around - assuming things aren't much worse from the get go - senior pilots will stay on as long as possible, and junior pilots will be handed the sack.
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hithere
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Re: Recession incoming

Post by hithere » Sun Nov 17, 2019 6:25 am

Ok so now your saying we will have another 911? Recessions and downturns in the economy are cyclical and inevitable. 911 was a force majeure that is completely unpredictable. I thought this thread was about whether we headed into another recession and it’s effect on pilot hiring. If you are going to alter your career choices based on a force majeure you may as well go work at McDonald’s and not waste any money on education
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ayseven
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Re: Recession incoming

Post by ayseven » Sun Nov 17, 2019 2:32 pm

Worrying about the future is pointless. You just choose a path, and do your best.
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EPR
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Re: Recession incoming

Post by EPR » Tue Nov 19, 2019 12:30 pm

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Keep the dirty side down.

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'97 Tercel
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Re: Recession incoming

Post by '97 Tercel » Tue Nov 19, 2019 7:54 pm

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vermont
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Re: Recession incoming

Post by vermont » Thu Nov 21, 2019 6:52 pm

'97 Tercel wrote:
Tue Nov 19, 2019 7:54 pm
This content is available to globeandmail.com subscribers
CN Rail to lay off 1,600 employees amid weakening economy, trade tensions
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vermont
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Re: Recession incoming

Post by vermont » Thu Nov 21, 2019 6:54 pm

shawnthesheep wrote:
Thu Oct 10, 2019 9:52 am
What is the chance of the industry just shutting down in 3-5 years? Airlines are starting to go belly up in Europe. Are there similar chances that it will happen in Canada?
It's because they're travel airlines for the most part and brexit along with some other stuff is making people hold off on vacations
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vermont
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Re: Recession incoming

Post by vermont » Thu Nov 21, 2019 6:59 pm

Zaibatsu wrote:
Tue Oct 08, 2019 10:19 pm
The real question to ask is why these people who think it’s so much better everywhere else live in Canada? Why do people who have lived in other better nations choose to live here? Why are there so many European immigrants in Canada who left Europe and have absolutely no desire to go back?
At the risk of being political, In the US all that matters is the individual, in Europe it's the group. (Hence why everything is illegal there) Canada is more in the middle, if you're someone against a nanny state you'll probably be happier here
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7ECA
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Re: Recession incoming

Post by 7ECA » Thu Nov 21, 2019 8:03 pm

vermont wrote:
Thu Nov 21, 2019 6:52 pm
CN Rail to lay off 1,600 employees amid weakening economy, trade tensions
Announced nearly simultaneously with the strike by 3,000 unionized employees. Gosh, isn't that ironic...
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vermont
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Re: Recession incoming

Post by vermont » Fri Nov 22, 2019 6:22 am

7ECA wrote:
Thu Nov 21, 2019 8:03 pm
vermont wrote:
Thu Nov 21, 2019 6:52 pm
CN Rail to lay off 1,600 employees amid weakening economy, trade tensions
Announced nearly simultaneously with the strike by 3,000 unionized employees. Gosh, isn't that ironic...
I might be misreading your comment but depending on how the layoffs are structured it might cause safety issues for the remaining people
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rookiepilot
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Re: Recession incoming

Post by rookiepilot » Fri Dec 20, 2019 3:41 pm

Evidence is piling up.

Any anecdotes from the pilots?
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losercruiser
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Re: Recession incoming

Post by losercruiser » Fri Dec 20, 2019 6:42 pm

Save your pennies.
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7ECA
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Re: Recession incoming

Post by 7ECA » Fri Dec 20, 2019 7:51 pm

rookiepilot wrote:
Fri Dec 20, 2019 3:41 pm
Evidence is piling up.

Any anecdotes from the pilots?
Brass and lead are valuable commodities? :wink:
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'97 Tercel
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Re: Recession incoming

Post by '97 Tercel » Fri Dec 20, 2019 11:02 pm

I'm melting down all my gold and burying it in an underground bunker.
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piperdriver
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Re: Recession incoming

Post by piperdriver » Sat Dec 21, 2019 8:30 am

rookiepilot wrote:
Fri Dec 20, 2019 3:41 pm
Evidence is piling up.

Any anecdotes from the pilots?
Times are tough. Pilots at Swoop have resorted to performing sexual favors in downtown CYHM just to make ends meat.
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rookiepilot
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Re: Recession incoming

Post by rookiepilot » Sat Dec 21, 2019 9:01 am

Hey, your favourite politician agrees. Nothing to worry about.

https://www.ctvnews.ca/politics/irrespo ... -1.4739153
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DadoBlade
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Re: Recession incoming

Post by DadoBlade » Sat Dec 21, 2019 8:40 pm

"vermont" said that "in the US all that matters is the individual", yet they are a patriotic society, and usually identify as "American" when asked, yet a Canadian, two generations removed, just might identify as "Hungarian". Funny that. Actually stoopid-sad. Canadian trade barriers on trans-provincial commerce are draconian. And are horrendous, unlike America's, (USA's), nearly unrestricted inter-state trade. Even today, economically at least, the U.S.A. looks like a country, while Canada resembles a loose collection of fiefdoms.
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DadoBlade
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Re: Recession incoming

Post by DadoBlade » Sat Dec 21, 2019 8:55 pm

"piperdriver" said "...make ends meat". Isn't that what they do to wieners at the old Schneider's Plant in Kitchener?
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motuara
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Re: Recession incoming

Post by motuara » Tue Dec 24, 2019 2:15 pm

look on the bright side , if theres a recession, house prices might go down.........
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mbav8r
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Re: Recession incoming

Post by mbav8r » Tue Dec 24, 2019 2:27 pm

motuara wrote:
Tue Dec 24, 2019 2:15 pm
look on the bright side , if theres a recession, house prices might go down.........
Who for? I’m guessing you don’t own a house!
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7ECA
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Re: Recession incoming

Post by 7ECA » Tue Dec 24, 2019 2:43 pm

motuara wrote:
Tue Dec 24, 2019 2:15 pm
look on the bright side , if theres a recession, house prices might go down.........
mbav8r wrote:
Tue Dec 24, 2019 2:27 pm
Who for? I’m guessing you don’t own a house!
It's a double edged sword. For those whom own a house free and clear and want a windfall selling - they'll consider that a loss. For those whom own free and clear but have no intention of joining the rat race - a decrease in value is often welcomed as it will decrease property taxes. For those whom do not own free and clear, but rather are mortgaged to the hilt, if the value declines - they're still F'd and continue to pay top dollar for a mortgage on an asset with declining equity.

Of course, there's also the millennial generation who as of a recent study have a less than 50/50 shot at home ownership in their lifetime, so they may benefit marginally in a decline in value. Then again odds are values will not decrease anywhere near enough to give the working poor a shot at ownership.
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digits_
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Re: Recession incoming

Post by digits_ » Tue Dec 24, 2019 3:51 pm

7ECA wrote:
Tue Dec 24, 2019 2:43 pm
a decrease in value is often welcomed as it will decrease property taxes.
That is incorrect. If housing prices go down, it is safe to say all housing prices in your city/municipality will go down. Hence your property taxes will be unaffected.

If only your house decreases in value, then your poperty taxes will go down.
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'97 Tercel
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Re: Recession incoming

Post by '97 Tercel » Tue Dec 24, 2019 8:33 pm

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vermont
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Re: Recession incoming

Post by vermont » Tue Dec 24, 2019 8:59 pm

motuara wrote:
Tue Dec 24, 2019 2:15 pm
look on the bright side , if theres a recession, house prices might go down.........
Nobody would loan you the money though
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vermont
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Re: Recession incoming

Post by vermont » Tue Dec 24, 2019 9:00 pm

DadoBlade wrote:
Sat Dec 21, 2019 8:40 pm
"vermont" said that "in the US all that matters is the individual", yet they are a patriotic society, and usually identify as "American" when asked, yet a Canadian, two generations removed, just might identify as "Hungarian". Funny that. Actually stoopid-sad. Canadian trade barriers on trans-provincial commerce are draconian. And are horrendous, unlike America's, (USA's), nearly unrestricted inter-state trade. Even today, economically at least, the U.S.A. looks like a country, while Canada resembles a loose collection of fiefdoms.
brb pulling driving back into ottawa since we can't bring beer across the bridge, wtf!
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