well we are in the middle of one massive fricking recession !!! I'm just a realist. Flicked most of our rental properties & got out of any debt. The big question is how many years before we hit rock bottom ?
ozfflyer,
I understand your fear of a "recession". And I am always one to support pessimism (as they say, an optimist can never be pleasantly surprised). But what exactly is your recession? How does it affect normal people?
I see that some travel businesses have folded. As technology changes and so do peoples spending habits, it is inevitable that old-school businesses die, and likewise new ones will rise. And marginal airlines are exactly that - living on the edge. This has been the same for ever.
But to be blatantly clear, unless I read your posts, I personally would have been unaware that there is a recession. Maybe it is a recession just for some?