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Private equity, derivatives, bubbles and busts : Comments
By James Cumes, published 3/1/2007When Qantas hits trouble and the bubble bursts we will wonder at the greed and how we allowed it happen.
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into the airline industry when peak oil is coming over the horizon then they
are welcome to it. Airlines will be the canary in the mine.
Airlines and toll roads will be the first to look bankruptcy in the face.
Anything with, like toll roads, long term loans will be up against it.
With petrol in the $5 to $10 a litre range sometime in the next five years
would you enter into aircraft purchases that need 20 years to pay off ?
BTW Macquarie Bank got out of Cross City Tunnel Road. I think they
pushed it off to some other sucker. Some of the other banks did however get caught.