Originally Posted by
GoodJet
I don't know. I'm not an economist. That is why I didn't factor a future I can't predict into my voting equation. I can predict our staffing levels based on our last system bid. Because it states the number of lines for each base. You can see the growth there. That led me to believe that pilots will be at a premium going forward. That factored heavily in my voting equation.
You're not a trained meteorologist either (at least most of us pilots aren't), but you use their knowledge, expertise, and predictions to help you make weather related decisions when you fly, don't you?
So, why wouldn't you use the knowledge, expertise, and opinion of trained economists to inform your decision as to where the economy might be over the short, medium, and long term horizons?
How about business leaders? They're familiar with the national and global business cycle. They've had to steer their corporations through periods of the booms and busts, and they do so by recognizing the signs related to one or the other, and act accordingly.
Instead of utilizing information thats readily available to make informed decisions, you prefer to cover your eyes, and ears, and pretend that the economic indicators are not pointing to the possibility of a recession in the not too distant future?
If one is smart, you can weather any recession. Hell, some investors look forward to them because it provides incredible investment opportunities. Its not something to be feared. You simply have to understand when you'd be at a disadvantage, and take steps to weather that storm, in preparation to harness gains on the other side.