An interesting read from the Web on the subject of commodities speculation.
Coming, of course, a day before oil ended its nine-day slide despite no discernible decrease in supply or increase in demand.
Daily Archives: Dec. 15, 2009
Good news: People flying more
Dec. 15, 20099:48 a.m.
WICHITA – For those who try to peer into the future to see how Wichita will do in 2010, here’s a piece of very good news: air travel was up an annualized 26.3 percent in the third quarter, particularly from business travelers, after increasing 10.7 percent in the second quarter, according to the Bureau of Economic Analysis.
That means the market for new passenger jets will start growing again soon, which contributes mightily to job security for people at Spirit (along with long-awaited production of the 787). The company hasn’t laid off anybody — which has kept a disaster becoming a calamity for Wichita — even though air traffic fell through most of 2008.