Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.
This is incredibly serious. All Wannabes at all stages need to be very concerned and prepared for the implications of this. It will effect every UK airline in a negative way. There has never been a recession in the USA that did not result in a period of European airlines going bust.
Once a few go bust or shrink, and it only takes a few, you get a flood of highly experienced highly employable pilots on the job market. Joe "200hr" Wannabe is stuffed by this fact.
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