With Boeing and Airbus having their order books full through 2012 or
something like that, jet engines looks like a good business. The
airline industry may be troubled in the US, but it is doing quite
well elsewhere.
Big-ticket consumer products like fridges etc. are extremely
sensitive to the economic cycle.
Nathan
On 16-mei-2008, at 20:57, Winsor Crosby wrote:
>
> You wonder about decisions based on not making enough profit,
> especially in the increasingly fragile economy. If there is a major
> recession the relative profit positions between different lines of
> products could switch, I would think. I don't have a good picture of
> GE, but I would think that jet engines for the long and increasingly
> troubled aircraft industry is much more chancey than stoves and
> refrigerators. Maybe they should go into brewing. That always does
> well.
>
>
>
> Winsor
> Long Beach, California, USA
>
>
>
>
> On May 16, 2008, at 5:33 AM, Chuck Norcutt wrote:
>
>> Ooops! Bad timing. Here is yesterday's news.
>> <http://www.bloomberg.com/apps/news?pid=20601087&sid=aLtgOzpMPLF0>
>
>
>
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