Comments on 7-11

* Two years ago I advised to dump muni bonds. They are not worth the risk. Currently I advise to buy contra ETFs against long-term treasury bonds expecting the interest rate to rise.

* Ukraine is a non-tech warfare so far except the missile that hit a civilian air plane. The one side who does not study the Art of War (or my Art of Investing :)) will lose.

* The world's attention is paid on the World Cup Final on Sunday, not on Argentina's political situation. Depending on the result, we all will dance Tangle in the street or will cry for Argentina.

* Every time there is a major air show, BA usually rises in its stock price from my rusty memory. Need more statistics though. Boeing's back log has nothing to do with real orders. It is a priority list that any buyers can cancel their orders with minor penalties.

Boeing has used a lot of Chinese parts. However, for the critical parts such as used for safety, they imported them from China (required as a trade clause) and stamped Rejected right away.

China is making inroad to build smaller jet planes. It will work (they've a huge internal market) with imported jet engines whose technologies are harder to master by China.

They do have a clause to transfer engine technology from GE for buying GE's engines. It works for GE too - just use the money to develop the next generation of jet engines. The government strangely so far does not say any thing on the ground of national security. But, they say a lot to Chinese tires and solar panels that hurt us more than solving our problems. Obviously lobbying works and they're no good for the country!