Oil Rise Could Lead UAL to Ground Planes

[AWACoff]

Freightdogfred, this guy still thinks Greenspan is running the show. Anything he types you can pretty much throw out the window. He has no credibility.

 

[luckytohaveajob]

As for everything else, we disagree. I didn't attack you in my original post, I just did not agree with your opinion. Yet you chose to attack me...classless!

I apologize for attaching you personally. I did not express my disagreement tactfully enough. Thanks for the correction.

 

[luckytohaveajob]

Freightdogfred, this guy still thinks Greenspan is running the show.

I know Greenspan has retired. But I also know who got us to where we currently stand.

And why did you ask who Greenspan is earlier?

Will Ben Bernake leads us out. Not likely as a secret organization has no credibility. The Open Market Committee has ZERO oversight by any American.

 

[AWACoff]

I know Greenspan has retired. But I also know who got us to where we currently stand.

Will Ben Bernake leads us out. Not likely.

I retract what I originally posted. I also whole heartedly agree with the last sentence of your post. In honor of Veterans' Day, I believe we have a "SNAFU".

 

[luckytohaveajob]

In honor of Veterans' Day, I believe we have a "SNAFU".

And that this the worst part about all this tragedy. The blood spilled is not for America but unknown bankers controlling the Open Market Committee who could careless about any American.

 

[luckytohaveajob]

I watched your video and it states the obvious.

I picked a simple one because I did not know how much you could take. Most people won't accept the truth if it is presented.

But the video I chose gives you an idea of the inherit risks to investors and Americans in a soft money system.

And as this relates to the airlines, the downside of a FLEXIBLE money supply is sure to effect all our lives as airline pilots.

Every airline I know of except SWA is playing with this virtual money beyond its fuel costs. And even SWA requires a large reserve to operate its owned aircraft because of the high consumption of fuel to run 500 B737s. So it to is vulnerable although to a lesser extent hopefully lasting a little long in the cycle.

But this problem will effect all airlines. Resulting in the consolidation and lowering of working conditions as a result of the indentured servitude at all levels of all carriers who must endure as a debtor to the banks or the oil companies.

America's superpower status rests in the dollar not in its army. And that power is quickly fading as planned by the central banks.

America will be defeated without a shot ever being fired on its current path.

America's wealth is shifting and we are not part it.


http://www.washingtonpost.com/wp-dyn/content/article/2007/11/09/AR2007110902573.html?hpid=topnews

"High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and oil-producing nations this year alone."

 

[climbhappy]

lucky,
when you say america will be defeated. by whom? are we taken captive or do we become cheap labor for the foreigners who become rich and need cheap labor to make their goods?

 

[jetflyer]

Most people don't know the Federal Reserve, created in 1913, is a Private Entity with shareholders that include all the nations major banks.

The Federal Reserve does what is good for the nations banks and corporations not the American people like Thomas Jefferson warned......

The Federal Reserve is going to continue to cause inflation which helps the banks and cover it up with their manipulated figures to help the banks. We will all become very poor by the acceleration of this trend in the next few years as prices of goods increase exponentially as the dollar is being killed at this very moment.

Learn the truth about the Federal Reserve.
You must watch this video!!!
I beg you to learn how it was created and what they're doing:
Watch this video: The Truth about the Federal Reserve is here

Become enlightened and watch the video.

By watching the video above you'll learn so much about the Founding Fathers and their feelings on money and central banks and why they found central banks criminal.

We've been manipulated by the banking interests to think the central bank is good. This couldn't be further from the truth.

Only one Presidential candidate dares talk about the criminality of the Federal Reserve and wanting to shut it down: RON PAUL.

Jet

 

[climbhappy]

my sunday paper had a great story on this very thing. the Fed is in a "bind" It wants to lower rates to help stagnant or low growth, but if does, the foreigners will run from our securities.

if they do, the economy goes to crap, chinese goods in all the Wal marts become pricey like macy's and all the wal marts close. then mom n pop can open their stores again and we'll have the dream back.

this housing bubble (worse yet to come) could make the dot com bubble look pale the story said... nobody at all the financial cos know the value of their portfolios...they keep falling...so will the stocks

 

[Andy]

Could you provide a link to where you got this quote?
I don't think the word or concept of "corporation" existed in 1776.

I got a bunch of hits by googling it.
Here's one: http://www.alternativereel.com/conspiracy/American_Conspiracy.php

I'm too lazy to pursue your question by googling letters to gallatin, but I'd bet that if you did a minute or two of research, you could find a clean source document.

Wiki would also have answered your question about the origin of corporations: http://en.wikipedia.org/wiki/Corporation

"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."
—Thomas Jefferson, letter to Albert Gallatin, 1802

 

[Andy]

Gents, anyone who thinks that mentioning parking aircraft at an investor conference is meant to be a threat to union labor is completely out of touch with the economy and what's happening in the markets.

The huge housing bubble is finally bursting, and it's going to take the rest of the economy down with it. This is not just a subprime loan problem; it's much deeper than that. Once the option ARM resets kick in full force, it'll make subprime seem like a minor bump in the road.

In another year, oil prices will be in decline due to decreased demand for petroleum. (ie worldwide recession) The demand for air travel will have a major dropoff.
The consumer is tapped out; forecasts of Christmas spending are indicating a huge drop in sales.

I'm chuckling at those that think this statement was made just to screw the pilots. There is a fear developing across the markets due to what's happening in the commercial paper markets. And it is going to spill over into the entire world's economy very soon.

 

[Andy]

my sunday paper had a great story on this very thing. the Fed is in a "bind" It wants to lower rates to help stagnant or low growth, but if does, the foreigners will run from our securities.

if they do, the economy goes to crap, chinese goods in all the Wal marts become pricey like macy's and all the wal marts close. then mom n pop can open their stores again and we'll have the dream back.

this housing bubble (worse yet to come) could make the dot com bubble look pale the story said... nobody at all the financial cos know the value of their portfolios...they keep falling...so will the stocks

While it seems like inflation is lurking, the big problem is the possibility of substantial deflation. Bernanke & the FOMC are making the best possible choice by lowering interest rates. While it is causing a short term spike in inflation, it is to fight off future deflationary forces. I'd talk more indepth on this subject, but most here consider the looming recession as an unlikely scenario. They're in for a very unpleasant 2008.
The rest of the world may initially resist the US efforts to cut interest rates, but they will eventually have to match the rate cuts as their economies slow and they have the same problems in their housing sectors. The housing bubble in the US is small compared to some other EU countries - less so in Asia, except for China. China's setting itself up for a HUGE fall.

Our economy is going to go to crap no matter what the Fed does; it's now a question of how bad it will be. I personally think that Bernanke's making the right decision, in spite of the fact that my short positions occasionally get burned.
If you've got a bunch of money tied up in equities, now's the time to shift that to defensive stocks. It's getting ready to get very bloody in the markets.
I'd recommend that anyone who wants to learn from some very sharp people visit the following forum: www.tickerforum.org. They've got some of the best investment minds posting on those boards that I have ever run across.

Kommutrdog, you're not Krush on that forum, are you?

 

[climbhappy]

this paper said to buy NIke. growing profits at a 20% clip in asia. world markets.

as to your comment about the recession, martin barnes, managing editor of the Bank Credit analyst said, " the economy faces a protracted period of subpar growth rather than a recession."

" the biggest risk to our view is that the contagion, ( i looked it up-contagious influence) from housing to consumer spending (proves to be ) greater than we expected."

with the outlook for corp profits good, this says to me that poor will get poorer and the rich richer.

slow growth means no growth in wages, income

 

[luckytohaveajob]

lucky,
when you say america will be defeated. by whom? are we taken captive or do we become cheap labor for the foreigners who become rich and need cheap labor to make their goods?

We become servants of the creditors who hold our personal and public debt.

We lose our freedoms, we answer to those who do not have our best interest, we lose our lives, and we get put in situations we should never have to face leading to our death without a shot being fired.

 

[Andy]

as to your comment about the recession, martin barnes, managing editor of the Bank Credit analyst said, " the economy faces a protracted period of subpar growth rather than a recession."

" the biggest risk to our view is that the contagion, ( i looked it up-contagious influence) from housing to consumer spending (proves to be ) greater than we expected."

with the outlook for corp profits good, this says to me that poor will get poorer and the rich richer.

slow growth means no growth in wages, income

Climbhappy, the US consumer is the key to the world's economic health. And the US consumer is tapped out. Savings rates went negative a couple of years ago due to cheap money available from HELOCs, introductory credit card rates, subsidized auto loans, and other cheap consumer credit.
The party's finally over and we've got a huge hangover and mess to clean up.

Now that the commercial paper market is tanking, those cheap sources of money are evaporating. A case in point is the residential mortgage markets. In spite of a 75 basis point cut in the fed funds rate since mid-Sep, 30 year fixed rates have moved up approximately 10 basis points. The only mortgage product that's moved down, and only nominally, is the 5/1 ARM. http://mortgage-x.com/general/average_rates.asp
Risk premiums are shooting through the roof.

All of that cheap money powered the American consumer to spend, spend, spend. Now those cheap sources of credit are disappearing. Worse yet, they're not even available to a majority of the big spenders. With home prices dropping, HELOCs are rapidly becoming a dinsaur due to tighter LTV ratios on HELOCs.
There has recently been a noticable spike in 401k borrowing. This is the consumer's last place to find more money; the couch cushions were overturned this last summer and all of that change has been spent.

While a slow growth period would be nice, I do not see this as a likely outcome; we're staring squarely into a recession. A rate cut in December is all but certain and there will likely be a Fed intervention prior to that.

As far as Martin Barnes, he is likely looking at a slow growth period as a best case scenario, he's already hedged his statement by mentioning consumer spending. I can tell you that retail numbers last week weren't good, in spite of earlier Christmas sales. We'll have to see how the season plays out, but if you see/hear that Black Friday (the day after Thanksgiving) does not fare well for the retailer, a recession will be all but a foregone conclusion. And don't even think that a recession will be confined to the US; it will rapidly spread throughout the world.