Originally Posted by
satchip
As for you answer to Super, the next downturn will be in 2011. The massive tax increases slated for 2011 are causing increased activity in 2010. Unemployment will continue to rise and 2011 will see an even worse situation than last year
I'm with Bar, I see F bombs dropping after the summer season. So much depends on what happens in DC. Every penny the Feds spend is a penny that our customer's don't have anymore to spend on tickets. I'm not an economist or finance guy or stock picker like you and Bar. I'm an historian and I see parallels to another time that scare me.
imho, you're right, I think the economy will continue to have significant issues magnified by coming tax increases (at a minimum the loss of current tax breaks). I think just as in the fall of 2008 companies and small businesses will respond with less spending and in turn more unemployment in preparation.
However, the worse the economy gets then greater the chances are that you will see a new house and possibly senate. Such a change over, again imo, will cause an economic uptick. I think not to unlike post 1994. There is nothing more the markets wants to see than a split power. I think the So if your DAL and need 2 years (or say even 1 year) to get an ROI on furlough then you may see DAL will again have to see what happens.