6 ms·

Well your single customer is your paycheck and your deal with the devil. If you triple the price of what you really think it will take because the gov will be i

Well your single customer is your paycheck and your deal with the devil. If you triple the price of what you really think it will take because the gov will be inflating dollar supply by double digits every year and you're working a 10 year project, then the gov may go for a different/multiple contractors. So you have to just milk the project for as long as you can beyond 10 years and hope you can dollar/cost over time for the best profit. Lockheed should offer a store of value price and a dollar price. Otherwise, this is the new standard for long-term gov contracts. Lockheed can't lay their legendary game down when dealing with this kind of client. Is what it is.

konjin 6y ago
Since your customer also will bail you out when you fail what's the point in even trying? It's a lot more profitable to bill like your planes work, but to provide planes made out of cardboard. Until you start executing companies (or CEOs) for incompetence you will keep getting the same results.
- jksmith 6y ago
  Yeah, but that's a pots and kettles issue. We are commenting from our mountain about a business that has dropped into the gutter. None of the parties will change.
cool_dude85 6y ago
They have to rip the government off to stave off inflation? How's inflation been looking, oh, these past 40 years or so?
- jksmith 6y ago
  Hah, and throw in this dimension: Don't need F35's patrolling the Persian Gulf, because the need for oil is disappearing. Can't fuel those planes with petrodollars, just burning paper. This is not good.
- konjin 6y ago
  I'm sure that the 50th time in the last 20 years I've heard we will have hyper inflation will be the time it happens. Any day now the house of cards build will fall and gold will be the only currency worth anything.
  - wombatpm 6y ago
    As I say to all the goldbugs, unless you have the gold in your physical possession, owning gold is meaningless. And if you have it, the government has already shown it is willing and capable enough to confiscate it. The only way to make money is to be willing to sell when things look like they are going down the drain. And if things are ever that far gone, we are back to a barter economy.
  - imtringued 6y ago
    What makes you think that there will be a food shortage? The USA produces enough food to feed itself. It would take a war to destroy the food supply. Hyperinflation isn't something a central bank is causing. It's a response to an underlying event. It happens precisely when the government has no choice but to print money. Right now the US government has zero obligations that force it to produce more dollars. The stimulus packages are entirely voluntary and designed to help the economy and therefore reduce the need for future stimulus.

konjin 6y ago

Since your customer also will bail you out when you fail what's the point in even trying? It's a lot more profitable to bill like your planes work, but to provide planes made out of cardboard. Until you start executing companies (or CEOs) for incompetence you will keep getting the same results.

jksmith 6y ago
Yeah, but that's a pots and kettles issue. We are commenting from our mountain about a business that has dropped into the gutter. None of the parties will change.

cool_dude85 6y ago

They have to rip the government off to stave off inflation? How's inflation been looking, oh, these past 40 years or so?

jksmith 6y ago
Hah, and throw in this dimension: Don't need F35's patrolling the Persian Gulf, because the need for oil is disappearing. Can't fuel those planes with petrodollars, just burning paper. This is not good.
konjin 6y ago
I'm sure that the 50th time in the last 20 years I've heard we will have hyper inflation will be the time it happens. Any day now the house of cards build will fall and gold will be the only currency worth anything.
- wombatpm 6y ago
  As I say to all the goldbugs, unless you have the gold in your physical possession, owning gold is meaningless. And if you have it, the government has already shown it is willing and capable enough to confiscate it. The only way to make money is to be willing to sell when things look like they are going down the drain. And if things are ever that far gone, we are back to a barter economy.
- imtringued 6y ago
  What makes you think that there will be a food shortage? The USA produces enough food to feed itself. It would take a war to destroy the food supply. Hyperinflation isn't something a central bank is causing. It's a response to an underlying event. It happens precisely when the government has no choice but to print money. Right now the US government has zero obligations that force it to produce more dollars. The stimulus packages are entirely voluntary and designed to help the economy and therefore reduce the need for future stimulus.