Originally Posted by
kevbo
They turned off the propaganda machine after 911 and just recently got behind the supply curve. I see flight schools popping up with professional salesman telling kids that they will recoup their 125K training bill in a few years and be millionaires by 40 . This always happens late in an economic cycle, this one has lingered far too long by historical standards. The music will eventually stop and the trend will reverse. Just like it always has.
Sort of. The economic cycle could have a softer landing than last time.
Since the upswing has lasted longer than most or all previous comparable cycles, we may be in a new paradigm. I have no insight into what that might mean, but it might be different than what we expect. Also I think less likely to get a big crash right after a big crash... too many of the same folks are still around and learned the hard way (my grandparents, raised in the depression, were always ready for a downturn).
Also, unless there's a significant reduction in demand for air travel, retirements will drive hiring for the next decade or more.