Monday, October 11, 2010

Recession? What Recession? (Not a Bakken Story)

I have opined before that the data does not reflect the "talking heads" who say this is the worse recession since the depression and the worse recovery in history. (Don't take this out of context: I'm not arguing the definition and the stats, but there are data points that make one wonder.)

Some time ago I noted that the Port of Los Angeles had the busiest June in the history of the port in terms of number of containers handled. This was not the best June in two years, or five years, or ten years, but in the history of the port. As I noted in that post, I do believe the Port of Los Angeles was around during WWII.

What brings this to mind is this headline: "Heathrow Airport reports busiest September on record as business travel rebounds."  Is this a headline one would expect to see printed in the worse recovery in the history of the world?
Airports operator BAA said Monday that 6.22 million people flew from the airport — Europe's busiest airport — last month. That's an increase of 7.6 percent compared to September 2009. BAA says that much of the rise was driven by a bounce back in business travel as the global recovery picks up pace, with airlines also restarting routes and flights that were axed at the height of the recession.
This was most interesting: the busiest routes in and out of Heathrow (London): New York (okay), Dubai (hmmm?) and Dublin (hmmm). 

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