Of course if you'd listened to this Grumpy you'd have sold your house pre-crash, got out of Icesave in March, shorted the FTSE and the banks, planned for a major recession AND you'd still have enough left over for Cod n' Chips and your bus home.
So listen to me now. This recession will last another 20 months and it hasn't really got going yet. There will be around 3 million unemployed. At least 2 of the top ten UK airlines will not survive ( I have no idea which two ). One of them will be in the top 5 in terms of size. In Europe things will be worse as there is less airline efficiency to start with.
DO NOT attain a JAA CPL IR Frzn ATPL and 200hrs in your logbook and expect to get a job for at least five years. FIVE.
Bailing out the banks is only the start of it. K-wave winter beckons.
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