Christmas in Kona: The Private Jet Indicator, from Jim Sogi
Usually around Christmas and New Years I like to count the private jets at our Kona airport on the theory that the captains of industry have a good read on the economy. Surprisingly, and not the norm, is the large number of private jets (over 50) currently parked at the FBO for Thanksgiving. I saw lots of overflow jets flying to Honolulu to park. Of course with all time highs in the market, their options are giving the rich the wealth effect. Charles Schwab, Roberts of KKR, Go Daddy guys, Bill Gate, Paul Allen, and many other of the richest have homes here. It is a nice place!
Kim Zussman replies:
Agree completely. The hungry contractors that gave good deals a few years ago don't return calls now. This week I delivered some gifts to a few referrals, and even the usually unpopular ones have full parking lots.
The man in the White House knows how to stay there.
Comments
Anonymous on December 2, 2019 8:12 am
Tax cuts for the job creators means greater investment in creating goodies for them.
Nelson on December 2, 2019 8:14 am
Tax cuts for the job creators means greater investment in creating goodies for them.