Originally Posted by
flyprdu
Here's the thing. Ever since the latest election, let's say there's been a certain segment of the American public that has been predicting the collapse of the economy. The reasons for it have evolved over time, like any failing fortune teller would do. So, it would be a travesty that enough pilots got spooked by these charlatans that we would leave millions of dollars and more time off on the table. All in preparation for a politically-charged collapse that was never going to happen.
Cmon prdu. I know you know better. haha
I'm not a finance guy, but didn't most of us do Micro and Macro-economics courses in college? Step back a little, forget politics, and use your knowledge and intelligence.
Without charlatans having to tell us, we already know that the economy naturally goes through boom and bust cycles every ten years or so, and that the airline industry, being capital intensive, with thin margins, etc, tend to be affected in an outsized way during the bust periods.
The next economic bust has been long delayed by all the money that has been pumped into our economy by succesive governments (ON BOTH SIDES) since 2008, to forestall the unpalatable economic hardships that they would have been blamed for, had it occurred on their watch. Don't forget, too the corporate tax breaks that allowed companies to record super profits. These two factors have been greatly responsible for boosting the stockmarket to meteoric heights.
Unfortunately however, you'll always have to pay the piper, and those bills are long overdue.
So again, Do you feel lucky?
Btw:
I AM NOT CRITIQUING THE POLITICS OF THE ACTIONS, I'm simply talking about the predictable economic effects of the actions, to explain why the shid MUST hit the fan at some point. You can delay it, but you can't avoid it.