AI has become the markets new, new thang/bubble as investors pile into the new, new narrative forgetting the fundamental rules of investment are about generating dull, boring, predictable returns which look frothy in hot stocks, negative yields in bonds, thus positive returns from real assets stand out!
What does £5.40 a coffee tell us about the economy? That inflation is sticky. Do we face a stagflationary bust or a reflationary boom? Either will mean Central Banks have failed. At the heart of today’s economy are a succession of issues to resolve – not least is the need for a reset on corporate behaviours to drive stable growth.
Aviation is booming. Airlines are buying planes. Passengers want to fly. There are just a few little problems... There aren’t enough planes. That makes Aircraft as an Alternative Asset a great investment opportunity.
Blain’s Morning Porridge Feb 2nd 2023 – The End of An Era in Aviation: Was the Jumbo the Best Plane…
The often missed point about ESG is directing investment to encourage corporate social responsibility and good corporate governance. British Airways is a screaming failure on both aspects – time to take away the flag logo, the name and flag carrier status. Sell!
Airlines are likely to get a knee-jerk boost when global travel reopens post pandemic, but the outlook facing the aviation sector in terms of balance sheet shattered airlines, struggling aircraft manufacturers, reluctant consumers and a glut of older aircraft has seldom been so uncertain. Yet, in times of confusion there is opportunity!
Short porridge this morning as I’m angry and in a rush. As the UK government flounders in yet another storm of sleaze and corruption accusations, its venality and crass opportunism appears to be spreading through the economy, and is likely to hold back the recovery of personal and business travel.
Boom Supersonic has “sold” 15 new aircraft to United Airlines. They are still in development, will be “sustainable” and “carbon-zero”, and make supersonic flight as cheap as cheap. Really? The laws of aerodynamics and economics don’t bend that easy! It might make a great SPAC or meme stock story, but if it ever flies….
It’s the very last day of the Trump presidency… but our troubles will not immediately go away… Lawyers always win…Boeing's stock price...
“An excellent landing is one where you can still fly the plane the next day!” It’s been a topsy turvy…