Nichiebi you are hysterical.... house price falls mean people will buy more cars... a recession is good for Ryanair.... a recession is good for my company (do you work for a debt consolidation company?). Ask however many pilots you know whether a recession was good for the industry in 01/02 or the early nineties....
You are right the press do tend to sensationalise news stories but equally sticking you head in the sand like a ostrich is the wrong approach as well. The recruitment industry will tighten very very quickly over the next 12 months and if you are just starting you training you do need to thing about where we are in the cycle.