Re: Recession
[Re: rex123]
#6944729
07/27/20 07:08 PM
07/27/20 07:08 PM
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Joined: May 2010
Posts: 10,421 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,421
mn north of blakely
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Three reasons, the stimulus plans, quantitative easing and the FED buying corporate junk bonds. It won't be long until the FED starts buying equities
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Recession
[Re: rex123]
#6944744
07/27/20 07:21 PM
07/27/20 07:21 PM
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Joined: Dec 2006
Posts: 21,536 Sandhills Nebraska
Gary Benson
trapper
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trapper
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
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Star Flakes mentioned Doritos. I refuse to pay $5 for a bag of chips of any kind. Inflated with air, two potatoes in each bag, the bag costs more than the product inside. Aint happenin'.
Life ain't supposed to be easy.
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Re: Recession
[Re: rex123]
#6944761
07/27/20 07:38 PM
07/27/20 07:38 PM
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Joined: Mar 2011
Posts: 25,381 williams,mn
trapper les
trapper
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trapper
Joined: Mar 2011
Posts: 25,381
williams,mn
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I have never had so much work.
"Those who hammer their guns into plowshares will plow for those who do not."
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Re: Recession
[Re: trapper les]
#6944764
07/27/20 07:42 PM
07/27/20 07:42 PM
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Joined: Jan 2018
Posts: 4,524 MN
Donnersurvivor
trapper
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trapper
Joined: Jan 2018
Posts: 4,524
MN
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I have never had so much work. we are busy as well. Not buying equipment though, do not trust this economy and phone calls to continue into spring.
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Re: Recession
[Re: rex123]
#6944767
07/27/20 07:47 PM
07/27/20 07:47 PM
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Joined: Mar 2013
Posts: 2,159 chelsea,wi
keets
trapper
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trapper
Joined: Mar 2013
Posts: 2,159
chelsea,wi
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me too , Les....2X the work I can even get done
2021 goals....make time to trap PROUD MEMBER WTA NTA FTA GOA SPORTSMANS ALLIANCE
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Re: Recession
[Re: rex123]
#6944812
07/27/20 08:36 PM
07/27/20 08:36 PM
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Joined: Dec 2010
Posts: 11,134 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,134
Armpit, ak
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"Geneva - The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion.
“Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this year will add $230 million to industry losses. In total that’s a loss of $84.3 billion. It means that—based on an estimate of 2.2 billion passengers this year—airlines will lose $37.54 per passenger. That’s why government financial relief was and remains crucial as airlines burn through cash,” said Alexandre de Juniac, IATA’s Director General and CEO."
"The global cruise industry expected to carry 32 million passengers and take in $71 billion in revenue this year. That will fall by at least 50% this year, says Euromonitor International, a consulting firm. It took the industry three years to recover from the 2009 recession; this time, it will take longer, Euromonitor analyst Alex Jarman said."
Last edited by Dirt; 07/27/20 08:42 PM.
Who is John Galt?
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Re: Recession
[Re: Kansas Cat]
#6944847
07/27/20 09:00 PM
07/27/20 09:00 PM
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Joined: Dec 2006
Posts: 21,536 Sandhills Nebraska
Gary Benson
trapper
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trapper
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
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I own a little Delta. Some of the airlines will survive. I figured Delta has as good a chance as anyone. People will eventually start flying again. All apologies to AOC! I am sure she is just as convinced that people will switch to electric train travel between the US and Europe. I wish she would take that train.
Life ain't supposed to be easy.
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