GE’S Immelt Says Crisis Period Over, Sees 2010 Growth

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Published at: www.bloomberg.com

Doug McVitieFounder & Chief ConsultantArran Aerospace

Summer 2009 is Aerospace Watershed

July 1, 2009

It has escaped the attention of most of today's sensationalist aerospace-industry commentators -- even those who sometimes reflect for as much as a whole minute before hitting the keyboard -- that the most recent IATA forecast of a $9bn global airline loss for 2009 is actually a 13.5% improvement on 2008's $10.4bn loss, exchange-rate variations aside.

Sorry Jeff, You May Be Wrong

June 30, 2009

Analysis by: GLG Expert Contributor

As someone who works in and studies the transportation sector, which many people consider to be a leading economic incidator, I have some bad news for Jeff: You're probably wrong about 2010.  I realize that Mr Immelt is part of the Obama ecopnomic team of advisors, and I realize that the Administration is doing everything possible to talk uyp this economy, but every objective indicator points to a continued economic malaise for an extended period of time.  The numbers are very very weak, and other indicators such as containerboard (packaging) data is also in the tank. And today, the U of Michigan Consumer Confidence came in below 50. Not good.   Finally, amongst my fellow Presidents and CEO's they all agree. We have no idea what we will have to deal with in 2010. With Cap and Trade, Card Check, Health Insurance and changes in the tax laws, there is too much uncertainty that will adversely affect businesses.