The media, is anything, have totally ignored and underplayed this financial crisis. They still are. The public debt now being unleashed will place an entire future generation in shackles of higher taxes and lower growth. Our children will spend the better part of their working life paying off the debts we have accumulated in just 10 short hedonistic years. Many books will be written.
Deskpilot, do you accept that a recession now is afoot which will be at least equal to the 1990-91 recession?
If so do you accept that last time Wannabe jobs dried up for around five years?
If you accept those two points then, unless this time is different, there is likely to be a similar period of famine for Wannabes.
The actual recession may only last 12 months. But the >3million unemployed and subsequent lack of consumer confidence is what results in airline bankruptcy and oversupply of pilots. It takes a couple of years of normal growth just to soak up this oversupply of unemployed pilots.
WWW
ps Who says I don't have a DB9?