Probably the best thread I've ever seen on PPRUNE, time to post!!
I left the military straight into the last recession, redundant from Air Europe going bust, big mortgage & only just kept the plates spinning. Have since taken a very keen interest in economics for obvious reasons. Ignore the cheerleaders they will talk it up all the way to the bottom. Listen to WWW and a few others who are bang up to date with the info (sorry, can't recall usernames), the outlook is not looking good. I'm flying in what might be considered the safest company to be in but I'm concerned.
The decade of debt and the turning off of the credit tap must have major ramifications, not to mention the state Gordenron Brown will leave us in.
As ever do your own research, sadly I fear the long wave cycle may be upon us because of this mess, it's being mentioned a little to often for comfort. Blame the banks/politicians/city boys whoever you like but Brown has not ended 'Tory boom and bust' and it's not 'different this time'.