Balloon Chaser - another sobering article.

What I have to hope for Delta / NWA is that we emerged from bankruptcy and have been still shrinking. The operation was very lean and tight to begin with. Even as the economy crashes (yes, I now think that is the right word) Delta has been proactively managing capacity in front of the real decline in passenger demand and even in January 09, reported historically high load factors. International is falling off but I'm not sure where the breakeven point is on that flying.

If Delta makes it through 2009 with an overall profit, that is a hugely positive sign in this economy.

I'm not sure what to do. Gold got hammered and my simple plan of shoving money in DECU CD's looks smart for now. It is a horrible whipsaw to lose hundreds of thousands on your portfolio, THEN get hit with inflation. McCain seemed pragmatic in light of what's going on now. I'm again disappointed with Washington.