potentially quite encouraging.....I only hope it's all true and going to happen.....
OK far be it for me to be pessimistic, but with the Gulf War in the early 90s, the 'trigger' for recession was very much "over there" and there was very little perceived threat to the western world. This time, the 'trigger' for recession was very much "over here" and there is now a much greater perceived threat to the west in general. Note my use of the terms trigger, over here and over there are used in a very general sense. Surely the greater perceived
threat to the western world is having a substantially greater impact on consumer confidence and therefore spending particularly in sectors such as air travel.
Any criticisms/discussions welcome........(I am not an economist by the way!)......
[ 01 November 2001: Message edited by: topunicyclist ]