The second wave of the collapse is starting.

Discussion in 'Economy' started by Neubarth, Dec 18, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Look for more stories like the one below:

    Ryanair Drops Order for 200 Boeing Planes
    New York Times - ‎29 minutes ago‎
    By REUTERS DUBLIN - The Irish airline Ryanair said Friday that it had pulled out of talks to buy 200 aircraft from Boeing, and would now trim its investment plans starting in 2011 to cut costs and free up more cash for dividends.

    ^^^^^^^^^^^^^^^^^^^^^^^

    Sadly, the contraction is not causing a second wave of further collapse. As an historian, I have seen this before in 1930-3
    There will be hundreds of more cutbacks in orders and further downsizings. Post them here on this string if you want.
     
    Last edited: Dec 18, 2009

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