Jan

5

For a number of years I've been counting the number of private jets at the airport. A surprising number of the world's wealthiest people have homes here and fly here in their jets. Movie stars also like to vacation there. The theory is that the captains of industry or flexions as Chair likes to call them have the inside track on the prospects for the coming year, so a lot of jets is a bullish sign. In recent past years there have been so many jets, over 70 that they have had to turn them away and park them in Maui. This year I only counted 35. Though there were much fewer, they were the larger G4's and 16 plus seater, many brand new and shiny. Not many of the little Lear's where the poor multimillionaires have to bend over to get in cramped little cabins. The billionaires travel back and forth at will and can sleep and dine comfortably with bedrooms and baths in the jets. So the private jet indicator might indicate lowering expectations, except for the multi billionaires. Unfortunately I have not kept track or quantified this but my recency heuristics tell me there may be some correlation.


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