Good post IFR, a viewpoint much needed at times like this.
For my tuppence worth, the industry has always been cyclical and always will be, granted it's worse at times like this.
But I truly believe it will come around again and now is a time to consolidate positions and not to panic. Have a pragmatic view of your own situations and how they fit the grand scheme of things and take measures accordingly i.e. fallback position if possible/necessary.
Truth is no-one knows what the outlook will settle down to be, which means it could be "better" (and I use that word cautiously) than many predictions at the moment, who knows !
If it means delaying a course for a while or as in my case maybe change the pace at which I progress down the modular route then so be it for a few months, let's give it a chance to see how things pan out.
Be realistic but also remain positive.
GB.
