Wednesday, October 08, 2014

War On ISIS Boosts Defence Shares

As ever with markets, one person's misery is another's fat profit.

As such it should come as no surprise at all to learn that the war (that we now appear to be fighting) against ISIS, and the mess in Ukraine has boosted defence shares in the USA.

Bloomberg reports that Lockheed Martin and other U.S. defence companies are trading at record prices, as shareholders reap rewards from escalating military conflicts around the world. Cynics might wonder if it is in the interests of the military/industrial complex to push for conflict.

Therefore, despite the fact that many people are dying and are going to die, some people somewhere are doing very nicely out if this!

I dare say Ebola is making money for those in the relevant pharmaceutical and protective clothing industries as well.

Let us trust that those who are doing well out of this live long enough to enjoy the spoils of war, and never have the misfortune to be killed in a terrorist atrocity or via an Ebola outbreak.

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