Recession incoming

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C.W.E.
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Re: Recession incoming

Post by C.W.E. »

Thanks.

It will take a long time to pay that back based on what most low time pilots get paid.
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thruster
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Re: Recession incoming

Post by thruster »

C.W.E. wrote: Sun Aug 18, 2019 7:29 pm Thanks.

It will take a long time to pay that back based on what most low time pilots get paid.
yes, and usually bank loans have interest so that would only add to the time it takes to pay back. Sault College's program is subsidized up to CPL Multi IFR, which is why I opted to do that instead of private
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cdnpilot77
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Re: Recession incoming

Post by cdnpilot77 »

DanWEC wrote: Sun Aug 18, 2019 3:50 pm Wtf, what's your minority? Nickelback fan!?
He said minority, not disability
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GhostRider6
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Re: Recession incoming

Post by GhostRider6 »

Hey!

Yeah, welcome to Aviation it’s pretty cyclical.. as many have said, there’s so many variables at play with respect to employment opportunities.

Have you thought of northern 705? There’s Air north up in YXY who will put you in an ATR up north with a decent wage to boot.

As for the “ visible monitory” comment .. I’ve flown with many exceptional pilots who would fit that “category.” From my standpoint, you’re a fellow pilot, competence, CRM abilities, work ethic, willingness to learn etc are king...Race, religion, sexual orientation etc do not matter.
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Jack Klumpus
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Re: Recession incoming

Post by Jack Klumpus »

Dry Guy wrote: Sun Aug 18, 2019 6:03 pm When I was up north I didn't see any visible minorities slinging cases of Pepsi with me but when I got to AC half my class was a minority so they must have got their start somewhere. You'll be fine.
Since you cracked it, I’ll let you in on a secret. Pilots who are of a visible minority don’t have to work prior to AC, they get let through a secret back door, even without an interview. Only white pilots have to work their asses off in the bush, to maybe then get an interview at big red.

Here’s what I came across during my 4 years of bush flying. People who talk shit, not based on anything relevant, but just to talk shit and make themselves feel better, mostly because their life was/is shit.
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When I retire, I’ll miss the clowns, not the circus.
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rookiepilot
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Re: Recession incoming

Post by rookiepilot »

Getting much, much closer.

Get settled and sit right. Might be a real doozy.

Note I focus on the US. We are the tail, they are the dog.
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Capt. Underpants
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Re: Recession incoming

Post by Capt. Underpants »

And if it happens, the idiot with the keys to the dog pound down south has single handedly created it with his ridiculous fiscal and trade actions.
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ayseven
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Re: Recession incoming

Post by ayseven »

Recession or not, the aviation business is a tough going. Yes, you have to be positive, but it can be heartbreaking. You never have any job security, and are often away from family and friends. I wish anybody starting out the best of luck. Don't give up, and do not take no for an answer; it just might take longer than you want. Take one day at a time, or you will drive yourself nuts.
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rookiepilot
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Re: Recession incoming

Post by rookiepilot »

Capt. Underpants wrote: Sat Oct 05, 2019 9:16 am And if it happens, the idiot with the keys to the dog pound down south has single handedly created it with his ridiculous fiscal and trade actions.
Really.

So your're like most other voters.

Whatever bad happens to you financially, just blame Trump, Trudeau, Sheer, Harper, Clinton.

Let's take it back to Lester Pearson.

Easier, isn't it.

It's called the business cycle.......and it has phases.

No one forces consumers to load on on debt, like the new pickup my brother just bought, 11 years into an economic expansion.


That's nothing to do with Trump or anyone else.
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tbayav8er
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Re: Recession incoming

Post by tbayav8er »

In my opinion, if there is a recession in the near future, it won't be as bad as the one in 2008/2009.
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Beefitarian
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Re: Recession incoming

Post by Beefitarian »

Edit: Opps I though page 2 was the start of this topic.

Rookie pilot, How long will the "phase" take?

Cue tinfoil hat pictures. I don't know how involved Trump is, or others on your list for that matter, but it's certainly driven by the good folks running reserve banks and creating currencies.

They have to break the American dollar so people will dump it for whatever world currency they are going to replace it with. I always wondered how they would convince US citizens to switch over. Turns out it's simple, make the US dollar worth very little to nothing. No one uses the Zimbabwe dollar anymore. You can buy actual former currency numbered in the billions.

Anyways, you're right when you say that people with debt will lose their property first.

What are you buying to protect equity? I don't trust gold this time, it's probably still going to be great at first but it will eventually crash pretty hard too. :rolleyes:
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rookiepilot
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Re: Recession incoming

Post by rookiepilot »

Beef, there are many timelines in your questions, and no one knows them with precision.

Just like when you see TCU's building rapidly, you just know to get out of there with a 172.....even know one might not know exactly when it's going to pour.
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C.W.E.
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Re: Recession incoming

Post by C.W.E. »

And if it happens, the idiot with the keys to the dog pound down south has single handedly created it with his ridiculous fiscal and trade actions.
Amazing statement Capt. Under ::

I wish I were as much of an idiot as Trump is.

If he is such an idiot how did he manage to become so wealthy and secure that he is now the most powerful man in the world with some of the most expensive properties in the world?

One thing for sure he is not idiot enough to become a pilot to try and get rich.
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Zaibatsu
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Re: Recession incoming

Post by Zaibatsu »

It’s amazing what you can do with a ‘small loan of a million dollars’

Truth is between his failed schemes and bankruptcies its been said that he isn’t as rich as he would have been just investing in mutual funds.
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goingnowherefast
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Re: Recession incoming

Post by goingnowherefast »

Trump isn't smart, he's lucky. Daddy made him rich, then he had one good venture and quite a number of failures. He's an attention whore, hence the reality TV shows and his behaviour as president. He doesn't do smart things, he just does what will make his fan base give him more attention, racism, sexism, xenophobia and all.

He has made significant government investments in dying industries. The tax on Airbus is going to be retaliated by an EU tax on Boeing. Then Boeing suffers (even more) and US airlines using Airbus products will also suffer. It's a lose-lose deal, but looks good to his fans because it's a short sighted attempt at "protecting" a very specific segment of the industry at the cost of everyone else.
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rookiepilot
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Re: Recession incoming

Post by rookiepilot »

You guys think Trump is bad, just wait till Warren gets in.
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Beefitarian
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Re: Recession incoming

Post by Beefitarian »

Sure Trump might not be smart but he is connected. Anyone that doesn't think he'll be back in with all his old friends like the Clintons making money when recession comes.... Well, I suspect you're wrong.
rookiepilot wrote: Sat Oct 05, 2019 12:42 pm Beef, there are many timelines in your questions, and no one knows them with precision.

Just like when you see TCU's building rapidly, you just know to get out of there with a 172.....even though one might not know exactly when it's going to pour.
Fair enough, if it was easy I'd just buy whatever is going to make money and enjoy that. We're out of debt and I know how to fish and build a hut so I suppose if things get ugly enough it's carrots, potatoes, hares* and fish.

Have a great week everyone.



*Someone claims all those critters bounding around here are hares not rabbits.
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GhostRider6
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Re: Recession incoming

Post by GhostRider6 »

Aviation is and will always be cyclical.

It’s better to train during a downturn than in the upswing.

Regardless, as others have said, there’s plenty of work to be had in downturns: instruct, get a ramp job, tow gliders for air cadets..you name it. When the “ upswing” hits you’ll have some time under your belt and off you go and be able to ride the rising wave of employment.

Many of us started our Careers post-9/11 and 2008/2009.
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7ECA
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Re: Recession incoming

Post by 7ECA »

rookiepilot wrote: Sat Oct 05, 2019 10:55 am That's nothing to do with Trump or anyone else.
Nothing, at all? Would you care to comment on the trade war with China - is that having an effect on the world economy, or how about its effects on the US in manufacturing, farming, etc.? How about the pissing match with Canada about aluminum, steel, and soft wood lumber - I mean, I guess all the mills shutting down in BC are unrelated...?

Then there's the Brexit fiasco with "Not a good start" Boris thinking he can fight with the EU. Japan and South Korea getting in a pissing match over trade. India and Pakistan - who just happen to be nuclear armed and trigger happy, looking to get something started over Kashmir and settle old scores. China is of course mixed up in Kashmir, as well as trying to gain influence and standing by intervening in the Japan/S. Korea game. North Korea is a nuclear armed wildcard in the region - albeit one who tends to focus on their own survival more than anything, but they've gained "street cred" internationally of late. Hong Kong, showing Xi has remarkable patience before rolling the cavalry. Iraq is unstable - big surprise. Syria is shot to hell, but still uppity and trying to push Turkey around - of course the wildcard in this fight is Russia being that they like to cozy up to Syria and Turkey, and the US can't be left out the show either... Saudi Arabia is overextended in Yemen and showing more than her usual tendency of being a complete road apple when it comes to defence. Iran, same old story since '78/79 but showing a lot more tenacity but also doing a remarkable job with her cohorts in the region (beating up ISIS). Israel, yeah...

Anyhow, I'm of the opinion that when the upcoming recession kicks off that the previous bitching from Trump in regard Federal Reserve policy will start up again in earnest, and will do little to help ease the strain - actually it'll probably end up doing the exact opposite and make things worse. I'm just wondering though if the predictions will be correct, that this will end up being a Depression rather than a recession - and possibly worse than the crash of '29, with all the associated fun that brought about.
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photofly
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Re: Recession incoming

Post by photofly »

rookiepilot wrote: Sat Oct 05, 2019 12:42 pm Beef, there are many timelines in your questions, and no one knows them with precision.
And that’s the cop-out, there it is in one line.

I’m an excellent weather forecaster. I’m 100% sure it’s going to rain again. Just don’t ask me when.
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DId you hear the one about the jurisprudence fetishist? He got off on a technicality.
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