There's not much merit in a big debate about who was right, said what when and whatnot. I didn't mind in the slightest that people expounded very different views to me on the housing market, the general economy and the likely future state of the Wannabe employment market. I welcomed those debates because they were the most engaging way of illustrating the issues to Wannabes. That illustration was all I wanted to provide.
Things are coming to pass pretty much as I expected and that causes me nothing but sadness and concern. There's nothing to say that my own employment aspirations will not be seriously scuppered by the coming storm.
By the winter of 2009 I think we will probably be at the bottom and from there on I expect a plateau and then eventually an upturn followed by a boom.
What remains to be done now by all Wannabes is to manage the situation as best as possible. Those that avoided the worst debt obligations and those that can slow down their training will be best placed. As far as that goes I'm pleased that my - and others - advice along those lines has been shown to be good.
To this point I was highly confident of what was going to happen. From this point on my crystal ball is frustratingly cloudy. As such my ability to give advice is much diminished.
What I can offer in an unreserved fashion is my sympathy if you are going to be hurt by all this.
There is more to come. Willie Walsh is on Sky News as I type predicting another 30 EU airlines to go bust in the next 12 months.
BA won't be one of them and I see very little reason for Walsh to be spinning a line to the benefit of his company.
The good times will return.
WWW