WWW:
Pimco warns Greece will default: Its going to happen.
Do you know who is Pimco? That's a speculator. Do you know how speculators make a living? Encouraging speculation. That's just a little game that happens every year. Speculation on debt default, Euro goes down, speculators get huge amount of $$$. Because the Euro goes down, exportation increase, GDP increases, speculators speculate the other direction: Euro goes up, speculators get huge amount of Euro.
Speculator game. They win whatever happens. Already forgot what happened last year same period?
What's the difference between Germany, France, Uk versus Greece? Not much, the firt ones get the AAA rating, the last one not, which make it unable to reimbouse its debts and call for help everywhere... A speculator game...But a bad one.
So, WWW and others, put yourself in any aspiring pilot's shoes, what would you do in these circumstances? And how do you think the industry will change over the next 5 or so years?
I beleive right now is the best time. It will go down from there because of the oil price that may stay above 100$ from now on, unless in case of recession.