It's Officially A Recession.

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Geico266

Geico266

Touchdown! Greaser!
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Tighten up those seatbelts & shoulder harnesses boys & girls, it's gonna be a rough ride for the next few years.
They announced today we have been in a recession since LAST December. :eek:
 
Geico266 said:
Tighten up those seatbelts & shoulder harnesses boys & girls, it's gonna be a rough ride for the next few years.
They announced today we have been in a recession since LAST December. :eek:
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See spin zone for why this is poppycock.
 
Geico266 said:
What is the Spin Zone?? :confused:
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Spin zone is the area for political discussion here...its kind of hidden. To enable it, you have to go into your User CP and then Group Memberships and enable Spin Zone.

Then you have to go to Hangar Talk and click on "The Spin Zone"

Why is it so complicated? Not a clue :D
 
As with every recession, some sectors will be AWFUL, and some will be "what recession?" I'm hoping we are more towards the latter of the two.
 
TMetzinger said:
And Hey, we've been in it for a year? Good, that means it will be over sooner, right?
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Ive heard 2nd to 3rd quarter 2009 for the turnaround from a few different places.
 
EdFred said:
As with every recession, some sectors will be AWFUL, and some will be "what recession?" I'm hoping we are more towards the latter of the two.
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Me, too.

Still, things look tough. We were having a record-breaking year, right up until the day the gummint announced their $800 billion mortgage bail-out plan. As if on cue, businesses across the nation -- even healthy ones -- stopped spending. This, of course, included cutting business travel, which (despite our aviation theme) is our bread & butter during the week.

Thus, our "recession" started October 1st, approximately. Up till then, we were busier than we could have ever imagined. Since then, it's been dead, dead, DEAD. Truly a self-fulfilling prophecy.

:frown2:
 
I don't mind the recession talk, it's when they start yammering on about deflation. Say that often enough and deflation will be guaranteed. Who on earth would buy anything today when they know it will be half the price in a few months?

John
 
Yep similar to the "oil will go to 150/barrel" and it did. Then they said it would drop, and it did.
 
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Any other requests?
 
Ah well, then I think it's our duty to tell everyone we know "I heard the experts expect the recovery to happen in January!"
 
SkyHog said:
Why is it so complicated? Not a clue :D
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The decision to "hide" the Spin Zone was made by the MC to prevent posts there from being picked up by the web-crawling spiders of the search engines. The MC made the decision because it felt that PoA should not be characterized by what is written in that forum when folks went Yahoo/Googling.
 
The official naming of two quarters of reduced GDP is all well and good for the boys in the CEO suites. However, us boys down on the street level who listen to and treat ordinary folks have known about this for.....well, most of the year!
 
Ron Levy said:
The decision to "hide" the Spin Zone was made by the MC to prevent posts there from being picked up by the web-crawling spiders of the search engines. The MC made the decision because it felt that PoA should not be characterized by what is written in that forum when folks went Yahoo/Googling.
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If that were the only reason there would have been other ways to accomplish the task. I remember the reasons being that we had an influx of new members that were immediately turned off by all of the political talk on an aviation forum. They could have opted out, of course...but the process was not obvious. Hence the decision to make it opt in instead of opt out...and the quickest way to accomplish that was through group memberships.
 
Do you already have an airplane?
 
Man, I just got done with initial session with our Tenant Rep (lease broker). You'd think, with the economy in the tank, rents would go down. You'd be wrong.

With occupancy in our market at 92+%, they are talking about a 33% increase in our rent. Office leases are staying high... for now, anyway.

Go figure.
 
Jay Honeck said:
Me, too.

Still, things look tough. We were having a record-breaking year, right up until the day the gummint announced their $800 billion mortgage bail-out plan. As if on cue, businesses across the nation -- even healthy ones -- stopped spending. This, of course, included cutting business travel, which (despite our aviation theme) is our bread & butter during the week.

Thus, our "recession" started October 1st, approximately. Up till then, we were busier than we could have ever imagined. Since then, it's been dead, dead, DEAD. Truly a self-fulfilling prophecy.

:frown2:
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"We're from the government and we're here to help." Another ringing endorsement for government interference with commerce. When will we learn?

I hope your business picks up during the holidays, Jay.
 
nddons said:
"We're from the government and we're here to help." Another ringing endorsement for government interference with commerce. When will we learn?

I hope your business picks up during the holidays, Jay.
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Well the removal of regulation from the financial sector is what everyone agrees has led us to this mess.

Just yesterday there was an article of how the banking industry lobbied the Bush administration to remove even more oversight and swore up and down that their programs would not lead to this mess. Of course what happened was that with the fox watching the hen house things got even crazier.

Our economy is fully being based on what happens on Wall St. That means that we the citizens have to have an oversight as to what is happening there and the only tool we have to ensure that they are not running a muck is through regulation. I am sure someone will throw back stock holders have the real poser. Anyone who has actually attended a stock holder meeting knows that is not true. There are certain classes of stock holders that have the power but mom and pop don't. Regulation is there to protect the moms and pops aka us.
 
smigaldi said:
Well the removal of regulation from the financial sector is what everyone agrees has led us to this mess.

Just yesterday there was an article of how the banking industry lobbied the Bush administration to remove even more oversight and swore up and down that their programs would not lead to this mess. Of course what happened was that with the fox watching the hen house things got even crazier.

Our economy is fully being based on what happens on Wall St. That means that we the citizens have to have an oversight as to what is happening there and the only tool we have to ensure that they are not running a muck is through regulation. I am sure someone will throw back stock holders have the real poser. Anyone who has actually attended a stock holder meeting knows that is not true. There are certain classes of stock holders that have the power but mom and pop don't. Regulation is there to protect the moms and pops aka us.
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Speak for yourself. Deregulation is what everyone hears. I'm not sure everyone agrees.

Do you have a cite for the banking lobby article?

And tell me what deregulation you are speaking of. Sarbanes Oxley? I will tell you that post-Enron regulation of public companies is tougher than ever before.
 
nddons said:
Speak for yourself. Deregulation is what everyone hears. I'm not sure everyone agrees.

Do you have a cite for the banking lobby article?
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http://www.pilotsofamerica.com/forum/showthread.php?t=25849

nddons said:
And tell me what deregulation you are speaking of. Sarbanes Oxley? I will tell you that post-Enron regulation of public companies is tougher than ever before.
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SO had nothing to do with the mortgage mess and keep in mind it was put in place after deregulation of private companies brought us Enron and that mess that almsot brought down a large amount of the conomy and destroyed many people's retirement. And not jsut those that had invested directed in Enron stock. Lots of mutual funds in many people's 401ks took a bigh hit.
 
Why did it take 11 months to determine the recession began in December 2007? And if it began 11 months ago and a recession generally lasts a couple years, are we half way through this one?
 
Ron Levy said:
Reminder -- this is Hangar Talk, not Spin Zone. Keep the politics out of it.
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How can discussing regulation of the financial sector be politics but discussing building codes, property regulation, code variance not be politics? Seems to me that those latter topics are regulation of the home ownership sector. Either both are politics or both are not.
 
grumble...

Why is it that one person gets away with discussing politics on here with one particular viewpoint, but nobody else can?

I've raised this issue before with the MC and gotten nowhere. It's getting really, really tiresome.
 
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I have a conf call to go into, so in the interest of saving time...

...thread closed.

Politics belongs in SZ.
 
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