The CEO of Boeing (BA) was good enough to tell his shareholders, the press, and the rest of the world that the company might have a new competitor beyond Airbus. The company will probably be based on China.

But, since the Chinese government mentioned this possibility over a month ago, the news has run everywhere.

The reasoning behind the Boeing statement is that China has learned how to build supply chains for the auto industry there. But, the Chinese have said that such a venture is probably fifteen years away.

Between now and then, China could go through a depression. The central government could be overthrown. Global warming could make air travel impossible.

Hopefully, the Boeing speculation will not send its stock down.

Douglas A. McIntyre