PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 10th Nov 2008, 03:12
  #1189 (permalink)  
Grass strip basher
 
Join Date: Nov 2004
Location: The Desert but shortly to be HK!)
Age: 49
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I have contributed less to this theme recently but confess to being absolutely gobsmacked that relative senior people in the training industry can still say with a straight face that "its not so bad". In the face of such overwhelming evidence to the contrary these people just underline that people will tell you anything to get you to part with your hard earned cash to chase a dream. BUYERS BEWARE!

On a more positve note at least we are now getting into the recession proper. The "phoney war" was getting a bit tiring. Its like being an alcoholic... the sooner you admit you have a problem the sooner you can start working your way out of the hole you have dug. Next year will be one of the toughest for decades.... Zoom, Excel etc.... you ain't seen nothing yet... more will go bust.

One thing people haven't talked about enough on here is Sterling (the currency not the airline) going through the floor. The challenge may well now be to choose between deflation and inflation.... the government will probably chose the latter meaning sterling could fall even further. A 20-30% increase in the cost of that trip overseas at a time when pressure is on your finances isn't going to help with hoilday bookings. God it is going to get ugly.... I genuinely fear coming into work at the moment and turning on the screens to see what Asia is doing...
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