Mark it is arguably as a result of a large number of things... credit crunch, oil price etc etc.
The end result is the same.... the number of airlines that don't have a recruitement ban in place is dwindling rapidly. IF we go into the recession that some people have been flagging since the creidt crunch hit 12 months ago I hate to tell you but your "you were right for the wrong reasons" arguement will sound hollow to those wannabees without a job and £50-100k of debt.
You also seem to be ignoring the comments management teams at airlines are making about the outlook (Ryanair just last week were saying how they expect passenger yields to gap down). It is these management teams that make decisions about recruitment..... ignore WWW and other if you please..... but ignore what the airlines are saying at your peril
