The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Friday, October 11, 2013
Graphic: The Globalization of Boeing’s Dreamliner
Assembled in the US, much of what makes up the Boeing’s Dreamliner has been sourced overseas
Although sourced overseas, Boeing, BA, still does employ many here in Washington State. The freeways, that is expressways, are clogged with its workers. And then, after working for Boeing, they retire, often retiring for sunnier climates like Hawaii, or retiring in nearby areas like Bellingham, where I live, driving up the prices of real estate.
Boeing exemplifies the "best practices" of capitalism, is an economic success story, is a leading Global Industrial Producer, FXR, is a leading Defense and Aerospace Producer, FPPA, and has been an investor's darling, as is seen in its ongoing Yahoo Finance chart http://tinyurl.com/mggzf4t
Boeing rose 3.8% on the October 10, 2013, Yellen Rally, compared to the 2.1% for the S&P 500, SPY.
Yet nevertheless it is a participant in the Great Bear Market which commenced that October 1, 2013. The way is inexorably down now. One of the factors that drove Boeing higher under liberalism was its high level of debt; a Long Term Debt to Equity Ratio of 1.3%. In liberalism's final Global ZIRP credit rally, investors pursued debt laden companies, like Boeing, as they chased yield.
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Although sourced overseas, Boeing, BA, still does employ many here in Washington State. The freeways, that is expressways, are clogged with its workers. And then, after working for Boeing, they retire, often retiring for sunnier climates like Hawaii, or retiring in nearby areas like Bellingham, where I live, driving up the prices of real estate.
Boeing exemplifies the "best practices" of capitalism, is an economic success story, is a leading Global Industrial Producer, FXR, is a leading Defense and Aerospace Producer, FPPA, and has been an investor's darling, as is seen in its ongoing Yahoo Finance chart http://tinyurl.com/mggzf4t
Boeing rose 3.8% on the October 10, 2013, Yellen Rally, compared to the 2.1% for the S&P 500, SPY.
Yet nevertheless it is a participant in the Great Bear Market which commenced that October 1, 2013. The way is inexorably down now. One of the factors that drove Boeing higher under liberalism was its high level of debt; a Long Term Debt to Equity Ratio of 1.3%. In liberalism's final Global ZIRP credit rally, investors pursued debt laden companies, like Boeing, as they chased yield.
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