Lehman Brothers went bankrupt in 2008 and was still lighting up the Manhattan boardwalk in lurid green when I had the pleasure of visiting the Big Apple in September 2007.
The thing is that you should not rely on the stock market or the main stream media (MSM) for an indication in which direction the economy is going. The big banks own the media and the politicians, so don't expect much truth from them.
People are brainwashed in school and by the MSM into believing that Keynesian economics (money printing and/or government spending) will cure all economic problems, unfortunately people who started training in 2007/2008 are now finding out the hard way that this is not true.
As for anyone who started in after 2010, they should really get their heads (re?)examined as they clearly lack any kind of risk assessment capability. These folks should IMHO only be allowed on airplanes as self loading freight, not as pilots.
The world briefly flirted with disaster in 2008, but fundamentally not much has changed. People and governments are still very much in debt, and banks are leveraged to the max with all sorts of derivatives that could blow up big time if the economy takes a tumble.
With stock markets again near all time highs, perhaps it's about time people start to look more into alternative media, i.e. blogs and internet sites that have a more contrarian and critical view of things, instead of just reading a glossy brochure from a flight school.
Zero Hedge | On a long enough timeline the survival rate for everyone drops to zero
Zerohedge is very good, with very frequent, almost live updates and commentary about geopolitical events that have a large impact on anyone who is contemplates spending thousands of Pounds, Dollars or Euros on flight training and/or P2F packages. Compare Zerohedge's analysis of events with the MSM analysis of the same event for a few weeks/months, and then draw your own conclusion.
Remember:
"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; debt is the money of slaves” (Norm Franz)
I'm not recommending anyone to go and buy gold or silver, but for God's sake WAKE UP before you enslave yourself by taking on a huge amount of debt that will seriously screw up your future.
Aviation as a career is DEAD!
