Meme In Command

Last AE ATL had no 320 A slots, however about half of the backfills are 737/717 ATL captains. My prediction is loosely based on the trend I saw here*

*I may be wrong. Other restrictions apply. Offer not valid in Alaska, Hawaii and Puerto Rico*

tcco94

Tell me you don’t know what happened in 2008 without telling me you don’t know what happened.

Yeah. As I expected. This is a total strawman.

Let’s not talk realistic, let’s talk doomer. The boys on chitchat would LOVE this conversation! Nothing like the good ‘ol classic “this will be worse than 2008!”

it’s like I’ve gone to the economics section of newsmax.

sayinf we have economic pain coming is like saying water is wet at this point. Your drivel post is the minority on the spectrum of radical. The market majority of economists who even see a recession coming are not even in the same stratosphere of what you’re saying.

but hey! That one article a year ago said Saudi is considering not backing oil on the dollar, Russia might take over the world, AND the US will default on their debt! I mean, just look at the regional bank industry! Worse than 2008!!!

gloopy

Of course. But not without significant consequences. And the Fed is running out of airspeed and ideas. Long term, they caused this. Near term, they were handed the wheel of the Titanic after it hit the iceberg.

The good news for us is there at least some foundational positives compared to prior downturns. Way less competitors and a pilot crunch that makes it hard to flood seats with first year C scale employees. That will help a lot.

gloopy

We've had a couple massive events in those 20 years. 2008 hurt a lot of people (and contrinuted to another furlough for many pilots). The insane policy positions from 2020 have transferred many trillions from small and medium businesses to mega corps and unleashed harmful inflation for the working class.

Things can be very bad and very harmful to many people but not be the financial End of Days.

No matter how bad it is, the policy reaction to it will for sure be worse in the long run.

gloopy

What advice was that exactly?

Everything is fine. Its all fine. And it will continue to be fine forever because Murica and WWII and democracy and stuff.

gloopy

Even if nothing else "happened", compounded current inflation is devistating to the middle class. How many small businesses have closed permanently?

How much money is spent on debt interest? Now index that 31T worth to at least 50T at an average higher cost per trillion.

Where will that money come from? Oh right, the "rich paying their fair share" lol sure.

Its fine. Everything is fine. Murica Marshall Plan Muhdemocracy.

Nantonaku

A 25% SS haircut at a minimum, massive Medicare cuts and debt payments becoming our largest Federal expenditure but everything is good. Some people
aren’t paying attention. This can’t go on forever.

RonRicco

None of us know for sure how things will turn out. I do remember though people poo pooing cautions about inflation while parroting media talking points. Anyone remember the term “transitory?”

There may be some way out of the looming banking crisis, but right now regional banks are getting crushed and are disadvantaged compared to the large banks due to their relationship with the Fed. Like it or not, we are printing money to backstop the banks. Maybe confidence returns, but it also doesn’t help the original problem which is too many dollars chasing too many goods and services, causing Jerome to raise interest rates at the quickest rate in my lifetime in an attempt to combat the “transitory” inflation.

And just to be clear, the money printing party isn’t being thrown by solely by one specific political party. Both have a hand in what we are dealing with.

Gunfighter

Inflation is the answer you are looking for. 4.5% inflation and 3.5% interest results in a net reduction in debt when calculated in real dollars.

Read Grunch of Giants and The Creature from Jekyll Island, then you will have your answer.

Inflation combined with debt on income producing assets is the path to wealth.

peepz

Holy thread drift .