![]() Murray is the editor of The European Short Term Update. Murray is the author of Trading Regime Analysis and a contributor to Socionomic Studies of Society and Culture. He then joined HSBC Bank as Head of Technical Analysis. Murray Gunn worked as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. That sound you're hearing now? It might be the sonic boom of financial markets imploding. The timing of the return of Supersonic flight is appropriate, given that we anticipate 20 represents a zenith in social mood, more significant than the mid-1960s top, and one which might herald in decades of regress. Boom Supersonic hopes to be commercially flying Overture by 2029. Production is due to start, and the first aircraft is to be unveiled in 2025. In real terms (price inflation adjusted), that represented a vicious bear market.įast forward to 2022 and after a 400% advance in the stock market from 2009 propelled by a positive social mood, the first commercial orders for Overture are appearing. This coincided with a significant peak in social mood, and the Dow Jones Industrial Average traded sideways-to-down from the mid-1960s to the early 1980s. In 1963, after a 650% rise in the stock market from 1942, the first commercial orders for Concorde started to appear and construction of prototypes began in 1965. The origins of the Concorde project date back to the 1950s, when social mood was trending positively as seen in the chart below of the quintessential global sociometer, the Dow Jones Industrial Average. The opposite is true as social mood trends negative. As social mood waxes positive, people increasingly desire and pursue faster forms of transport or thrill seeking. So, why is commercial supersonic flight making a comeback now?ĮWI and the Socionomics Institute have written about the relationship between transportation speed and the stock market for decades. ![]() The design is stunning, and very similar to the previous icon of supersonic flight, Concorde, grounded 22 years ago. Going by the name of Overture, the airplane will carry commercial passengers at Mach 1.7 (1,100 miles per hour) halving the flight time from London to New York to around 3.5 hours. ![]() I thought about this recently when reading that United Airlines has ordered 15 of the new aircraft being developed by Boom Supersonic. What a privilege to see and hear it in flight. You literally couldn't conduct a phone call even with the windows shut. When that bird took off (whoo-hoo!), the whole building would shake. On the Heathrow flight path, aircraft noise was just something you got used to. I lived in west London for a few years during the 1990s. ![]()
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