Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: elmatador	12/28/2004 4:38:20 PM
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Elmat tries to define collapse. BBR used to be the Financial Collapse of 2001; name was changed in the wake of 911. Like Cape Canaveral changed its name to Cape Kennedy after 1123 (November 23, 1963) I had a couple of times intervened here to tell about collapse. It is not like the tectonic plates (to use theme du jour) releasing energy at a single jolt) but a glacier type movement. It doesn't even show it is moving but we now that the final stage is bare rock, polished by the glacier movement over long time. One collapse I always mention is the air travel collapse. This may conjure an aerial photo of Mojave Desert covered by airplanes of a collapsed industry, but it is not so. It is, again, a slow movement towards the end. End is in sight, we just have to wait and see the "The End" air travel employees sabotage airlines during Xmas <<employees may be acting out their anger over pay and benefits cuts.>> <<Comair, a regional carrier for Delta Airlines, canceled all 1,100 of its flights on Christmas Day after its computer system crashed, apparently leaving it unable to assign flight crews. (How did airlines manage to do this before they had computers?)>> hometownannapolis.com Someone crashed the computer system on purpose. Why that is important? .Employees know that everything is lost and no longer care to behave responsible, they know the way the industry is standing today is untenable and it is doomed.

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