Posted on 05/20/2016 6:44:50 PM PDT by Lorianne
For Caterpillar, the great recession was bad, for about 19 months. In May 2010, after declining sharply for just under two years, CAT posted it first positive global retail sales comps and never looked back... until December 2012 when comp sales once again turned negative and have been negative ever since. For the past 41 months!
The breakdown showed that contrary to popular opinion, there has been no pick up in demand for heavy industrial machinery anywhere around the globe.
(Excerpt) Read more at zerohedge.com ...
Most big projects seem to be taking place in Asia. The US would be a poor market for Caterpillar now.
Other than food and fuel, I don’t see where anyone is selling anything anywhere.
The obam rescued the world from total economic collapse and we have been improving thanks to his mighty intellect.
A mediot on one of the financial channels said it was because cold rolled steel is up by 50%.
Yeah, that’s the ticket.
Obama’s recovery just doesn’t feel like one. I have a broad base of industry clients and they are all in money pinching mode. I’m personally doing fine and so is my company, but I just can’t find anyone feeling this recovery.
Almost all of my clients are slow paying, and they cover vast swaths of the industrial and technological base.
It’s not because they want to slow pay. It’s because they can’t pay.
This is the Obama Depression, people. Not a recession.
Like weed is selling, here in Washington duuuuuude. And Doritos....
For me, it’s medical costs. Even with Medicare, the co-payments and frequent visits (four times a year, scheduled) plus prescription deductibles are like supporting a kid.
I remember a sixties-era comedy bit from Rowan and Martin before they launched Laugh-in:
Interviewing an Indian medicine man -—
“Do you get referrals from other doctors?”
“Yes I do. Terminal cases and slow-pay.”
And Obama just erected tariffs on steel against China.
Maybe they should offer free delivery and see what happens. I mean, it can’t cost too much to ship something that weighs many many tons, right? I could use a D9 dozer on the remote island coconut plantation I plan to buy soon.
Class 8 Truck Orders Plunge 39%; Large Truck Sales vs. Recessions
05/08/2016 6:33:17 PM PDT · by fella · 47 replies fxstreet ^ | 6 May 2016 | Mike Misch Shedlock
First, let’s take a look at the reports, then we will take a look at what this may mean for the economy. Class 8 Truck Orders Plunge 39% The Wall Street Journal reports Truck Orders Fall in April. Last month, trucking fleets ordered just 13,500 Class 8 trucks, the big rigs used on long-haul routes, down 16% from March and 39% from a year earlier.
It was the fewest net orders in any April since 2009, FTR said. DAT Solutions, an Oregon-based transportation data firm
Rail transport down...hundreds of locomotives stored on disused rails lines
The Baltic Index (shipping rates) declined to lowest level
Seems to me bad times are here again after 7.5 years of Obamanomics.
The bad times never left, My FRiend. The media just covered them up.
So darn true!
It won't be long after Trump is sworn in as President, they will start scheming ways to pin the economic disaster on him. I can't stand our media, even the local ones are just as bad if not worse.
CGato
The locals are the nits that make the lice at network level.
“Most big projects seem to be taking place in Asia. The US would be a poor market for Caterpillar now.”
The Trump Wall could fix that.
Almost half of the Joy Global plant is closed here in Milwaukee.
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