Maxter
I did not see the 20% but I did note either Jeremy Clakson or John Connell in the Oztralian talking of GM and Ford being about 10 months from belly up and Chrysler probably also there but due to private structure not being calculable.
Loan defaults here are still low and rising, as you note, but the trend is worrying and how many have extended their home loans to purchase cars, boats etc. If only people understodd the basic rule of 78.
PB
However, then you have to buy back in and time it. I went conservative and only dropped 7% last year - I treat that as within stock market tolerances.
One problem discussing these matters on here is that most pilots (a) have to use their scone and have a basic grasp of maths (although sometimes with 1:60 I wonder about next gen) and (b) have had to save money for their licence and subsequent flying. Not being complacent about this group but I suspect there are many out there far less numerical and logical in purchasing than are we
