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  • batbeer2 commented on Hoang Quoc Anh's article 02-05 14:23
    This Highly Profitable Airline Is Cheap Now
    Whenever investing in airlines, first and foremost, remember Richard Branson’s advice: “If you want to be a millionaire, start with a billion...
    View all 1 comment
    batbeer2 02-05 14:23
    • Thanks for an article about an interesting company.Do you have any idea why Spirit has lower costs?

      They pay the crew less?

      They have a cheaper source for fuel?

      Pay lower fees to airports?

      They have older planes? newer planes? More seats per plane? Don't pay insurance? ....

      It is good to know they have lower costs but i find it interesting to know if their lower cost base is permanent or temporary.


  • batbeer2 commented on Sheila Dang's article 01-30 02:55
    Soros: China Will Be Root Cause of Another 2008
    Investors’ concerns over the economic situation in China may not be overblown, as the country is now the root cause that will lead to another 2008,...
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    batbeer2 01-30 02:55
    • Soros says:

      “None of us have lived in a deflation environment,” Soros said. “We just don't know how to handle it, it's a different environment.”

      How the #ˆ@ck does he know? I certainly have and I have friends and family who do.

      Besides, I remeber 2008. I liked it. I made a boatload of money.

      @ Gina Zhang 

      With regards to the reserve; China is a big place.

      I think most of the debt is at the local level (local governments and local banks subsidizing local industry). The reserve Soros mentions here is at the national level.

      This is not unlike the US where you had the city of Detroit in default and you have the state of California overspending on retirement benefits etc. It certainly is a problem and it could have severe consequences for employment but on a national level China is quite wealthy. 


      For deflation.... go to Zimbabwe. They had inflation, switched to the USD as currency and now they have deflation. This is because the USD is rising against the Rand and most of the goods they buy come from South Africa. This means your nominal salary buys you more gas/bread/tuna each month. That's deflation.


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