JoeMerchant
ASA pilot
- Joined
- Mar 31, 2005
- Posts
- 6,353
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The Fed has a couple more rate cuts left; they'll probably expend those bullets before summertime. At that point, the dollar will likely be at it's low point. By then, I'd expect to see the rest of the world cut their rates due to their economies slowing down. After the second rate cut or whenever the Fed funds rate gets cut to below 1% (in case they decide to spread the cuts out to 3 cuts), I would expect to see the dollar strengthen.
As for oil, it looks like commodities speculators are starting to unwind their positions across all commodites (not just oil). Oil prices should continue downward; worldwide demand is decreasing.
OPEC will likely cut production targets in the next couple of months, but that will not stop price declines.
All of the above will not matter much; we're going into a worldwide economic slowdown. Airline passenger traffic is going to decrease. That will result in less block hours and less pilot jobs.
It's the economic circle of life.
Andy,
Blasphemy, Dal is going to take delivery of hundreds of 777s and blanket the globe while the rest of us will bow in their presence.
....I hear Obama is consulting with his spiritual advisor on how to deal with the economy....
From the ICSTFWRCCS Club
(I can't stand flying with republican cookie cutter suburbanites)
Oil prices should continue downward; worldwide demand is decreasing.
Flat-out wrong.
It's true that demand in the USA has flattened out, or may be even slightly falling. But worldwide, demand is still growing at 2% per year.
Do some research next time before you pull "facts" out of your butt, please.
Flat-out wrong.
It's true that demand in the USA has flattened out, or may be even slightly falling. But worldwide, demand is still growing at 2% per year.
Do some research next time before you pull "facts" out of your butt, please.