Originally Posted by
flyprdu
You know part of being a realist requires you actually being correct.
All these doom and gloom predictions that never come to pass doesn't make you a realist. It just makes you a cynic.
It seems no amount of data or evidence will convince some that are happy to ignore what’s going on around them. Looked at your 401k lately…how’s that doing, tried refi or bought a house lately, filled up with gas or bought a gallon of milk lately? Maybe look outside whatever bubble you live in. At some point all of these negative catalysts will effect demand…for everything. Yes, for now there is a pilot shortage-but if demand drops a sufficient amount it will have a material effect on the need for hiring-at least in the near term.
$100 oil doesn’t matter? maybe open up an SEC filing and realize that this year we were protected by fuel hedges of about 50% of our consumption priced in the $60’s. Next year this not the case, as of q2 we had 15% hedged for 2023-in the $80’s. But don’t worry! None of this matters!