Originally Posted by
ImSoSuss
exorcist dog is the type of person, and we all know this person, who for the last 15 years has been screaming that the next recession is just right around the corner. Now that there are indications that it is finally here they are gloating like: "look how smart I was", even though they've been wrong the last 14 out of the last 15 years. Then they give you a facial expression like this:
Ad hominem attacks do not change reality. Reality is that debt financing for junk-rated companies has nearly tripled in cost and if you don’t think that affects airlines - most of which are junk-rated after COVID - you are simply wrong.
Now neither you nor I can change that reality, but the knowledge and acceptance of that reality can perhaps help to plan for it a little better. Denial may be more comfortable than facing reality but it is not really that effective.
