You want a warm exchange of information? Well here it is and its red hot. Did you want a back slapping sympathy club? If you are here to discuss aviation then that's lovely but a big element of aviation is money - because that and that alone make aeroplanes fly - and money comes soley from the economy and the economy here in the UK and there in portugal is in deep deep trouble (but not as deep as Spain).
Trillions of dollar losses are evidenced here. Despite the ECB literally pouring money onto their heads the Euribor rate is at high not seen since Christmas. There is only one reason for this mass banking panic - they KNOW that they are bust and that things will only get worse..
http://www.reuters.com/article/rbssF......03?rpc=401&
The US banks are INCREASING their desperate borrowing from the Fed. They are deep in a dark hole and digging like crazy.
http://www.ft.com/cms/s/0/508fcb8e-0...nclick_check=1
House prices are opinion. The debt is real.
WWW