You also didnt mention the MASSIVE amounts of stimulus pumped in. In 2008 the problem was a known quantity.

This time they are throwing everything at this.....but they dont know where itll end. Hell they dont know the problem.

They could have massivly overstoked the fires......the finance guys i have spoken to think thats the case and tjat it will come roaring back.....but what they are ommiting is that mother nature is in charge of this one not some esoteric invisible hand.

I am 110% certain that aviation will boom in the future. I am also certain there will be a massive more pronounced pilot shortage.....

Just not sure when.... And that is the key. The off set is that the longer this goes the more exacerbated the shortage will become. A recession is the opposite of credit....... It is simply a build up of unrealised consumption.