Season 1 · Episode 49
Flight #49: The Story of a Father, The Markets Have No Memory and the Obsession with Recessions
The Pilot Money Guys · The Pilot Money Guys
January 27, 202342m 17s
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Show Notes
Airline News
- Delta Airline Pilot Contract Updates:
- https://www.cnbc.com/2022/12/03/delta-pilots-would-get-more-than-30percent-in-pay-raises-under-new-contract-deal.html
- The agreement includes an 18% increase on the day the contract is signed, then a 5% increase one year later and two 4% raises in each of the following years. It also includes a one-time payment of 4% of 2020 and 2021 pay each, plus 14% of 2022 pay.
Being a Father:
People have memories – markets do not.
"One of the best things about markets is that they don't have memories. They don't remember what happened last week or last year. They don't even remember what happened a minute ago. Prices change based on what's happening right now and what people think will happen in the future." ~David Bood, Chairman and Founder of Dimensional.
Obsession with Recessions:
Other resources:
- Why can't we time the market before a recession?
- Flight #43 Myth vs Fact in Down Markets. What the evidence says with Apollo Lupescu, VP Dimensional
- Here what Kevin and Charlie say about a "Dead Cat Bounce"!