Chart Of The Day: For Caterpillar The "Great Recovery" Is Just As Bad As The Great Financial Crisis

Tyler Durden's picture

Earlier today, Caterpillar reported its monthly global OEM retail sales.

It didn't got any press coverage for one simple reason: the bellwether industrial company which has managed to repurchase it way to all time highs in recent months hardly wants the investing public to know the unpleasant truth, a truth which is shown in its simplest format in the chart below: starting in December 2012 and continuing through today, Caterpiller has reported 19 consecutive months of declining global year-over-year retail sales. The last, and only, time it had 19 consecutive months of such decline? The period starting in October 2008 just when Lehman filed for bankruptcy.

So if we are to call that first period of 19 consecutive months of CAT sales decline the "Great Financial Crisis", we are confused: is the proper name of this identical 19-month period of declines beginning in December 2012 the Great... "Recovery?"

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NoDebt's picture

But... but... China!  What about all that growth in China?  7.5% a year like you could set your watch by it.

Like so many companies, they're all hat, no cattle.  Keep buying back them shares.  

max2205's picture

Buy the dip...oh wait

Zeta Reticuli's picture

If you live in China, you see that there is a lot of construction. High-rises, malls, highways, subway systems, hospitals, universities and schools. It's everywhere.

Cattender's picture

it's a Fucking Massive Recovery! (just LOOK at the stock market) Duh!  even "I" can see the Proof.. i was at the dollar tree store today and shit was it BUSY! LOL..

syntaxterror's picture

All this signals is that demand is building up and when this pent-up demand is unleashed, sales will skyrocket to never seen before highs.


Slave's picture

I haven't seen anything get built 'round these parts since about '06.

NotApplicable's picture

I take it you don't live near major universities or large hospitals?

TeamDepends's picture

There's big bucks in hospitals. So much so that we are considering opening one. Word is there is a plethora of "Middle Eastern" doctors willing to work on the cheap.

Jerk_Store's picture

Word is there is a plethora of "Middle Eastern" doctors willing to work on the cheap.

"Plethora"...that's a $5 word LOL

Zeta Reticuli's picture

A veritable cornucopia. :)


Do we sound smart yet? You can't stop me. I have a Thesaurus.

NOTaREALmerican's picture

You need to move to KaLiFoRnIa.   They are still building strip-malls here in Sacramento metro area.   Of course, they are as empty as the others, but still...  Recession ended long time ago here.

NotApplicable's picture

I like it when they build a new one across the street from an empty one. Civic pride, as I say.

NOTaREALmerican's picture

I still can't figure out how they get funding for some of these, but maybe it's just "in the pipeline" or something like that. 

john39's picture

Ghost cities, expanding from China.

Oldwood's picture

Exactly. Developers are throwing up these malls luring in anchor stores with free rent for several years and then flipping them to Chinese investors. We know its dumb money behind much of this, its just a matter of whos.

Zeta Reticuli's picture

I live and travel in China, and I have seen very few CAT machines. Very few. A lot of Komatsu and Fujitsu and Doosan (Daewoo), but less than a dozen CAT machines in total. Very strange. They are supposed to be big here. On my first visit here I met an American woman in a Starbucks whose husband works for CAT. They sent her and their daughters over for 3 years. There ae many thousands of tracked excavators and bulldozers working eveywhere. Where are all the CAT machines?

goldhedge's picture

Not even FEMA camps?


ArkansasAngie's picture

They are building a FEMA camp in pine bluff Arkansas. Talking about an arm pit

TeethVillage88s's picture

I know some old timers that have been waiting for Social Security and Medicare since they LOST There WHOLE Pensions to Caterpillar Closing Down Plants.

Must have been in the 1980s or 1990s.

Lewshine's picture

Pay no attention to that chart, or anything else that might keep you from BELIEVEING IN YOUR MASTER'S ABILITY TO FIX ALL THINGS!!!

NOTaREALmerican's picture

Wait until the drought ends and all the dry goods in the Baltics gets finally gets shipped, then we'll see Caterpillar turn in a butterfly!   (It will be springtime in Merica, again).

Oldwood's picture

Someone should be buying up these ships, building them into condos and selling them as off shore tax havens. Why take a cruise when you can live on one?

The Chinese just got to bite on that one!

q99x2's picture

They c ould build tanks if there were any non-nuclear nations left for the US to crush.

Speaking of crushed, looks like Christie sat on his New Jersey:

Moody's downgrades Atlantic City general obligation bonds to junk status
Colonel Klink's picture

I don't see caterpillar having a metamorphasis anytime soon.

NotApplicable's picture

Does "squished" count?

Hey, at least they're holding steady at a 10-15% YoY loss these days. Better still, the closer to zero they get, the easier it is to manage that chart!

q99x2's picture

Monsanto is coming out with a GMO tomato worm. It doesnt' metamorphisize until its in your stomach.

NOTaREALmerican's picture

HA!  Good one.   (I think I saw that movie!)

Colonel Klink's picture

Attack of the killer tomato worm?

rsnoble's picture

Have more trust in the gov't.

Rainman's picture

The good CAT news is a lot of bombed out buildings gonna need to be hauled off in big trucks and backhoes....

NotApplicable's picture

More like mules and carts.

CAT better start ramping up production of the military versions if they want to remain competitive.

Oldwood's picture

Reconstruction, reconstruction, Yeah! Print more, build more, burn more down.

Krugman and company bringing progressive keynesianism to the world!

Cognitive Dissonance's picture

I say screw it, go for 20 months of sales declines and set another new alltime record.

Oldwood's picture

Won't all you guys feel like real jerks when they show gains in the 20th months?


two favorite bullish ideas

1) it could always be worse, time to buy.

2) if its a plus its a plus, time to buy.

disabledvet's picture

Hey, they for their man in the White House and he slammed Dem with clean diesel technology for OTR trucks. CAT ceded the entire Class VIII trucking market to CMI (cummins diesel.)

OSK has been a great play...they make an in house diesel electric hybrid...don't know who's Diesel engine they use to run their pro-pulse hybrid drive system...but if the Army chooses OSK for their JLTV that would move hybrid propulsion....and self driving vehicles...dramatically forward.

I have no idea where Catepillar fits into any of this. Maybe "meteor
mining"? "Bulldozers to the Mars!"

Freedumb's picture

Sales have been down due to an abnormally cold 19 month long winter, but are expected to inverse hockey stick up once weather conditions improve

Oldwood's picture

That's right! If a cold spell was this devastating to our economy, global warming just has to be bullish!

Where are the green shits...shoots, I mean?

jim249's picture

I don't know why they were so quiet about it. That info could have sent the dow up 100 points at they very least today. Bullish!!!!

Yancey Ward's picture

I would have thought Caterpillar would have come out with equipment that could push big piles of FRNs around the world.

ejmoosa's picture

Their days in the DJIA are numbered.....

NOTaREALmerican's picture

They are kinda old school worthless.    Who needs stuff you can't carry?   I'm thinking Facebook?.  Who's got the F symbol?   (Oh, the Fed).

astoriajoe's picture

Any mention of clicks in their press release? pageviews?

Sick's picture

It certianly doesn't help USA companies with all the enemies we have created throught the world.

walküre's picture

CAT will be one of the winning companies when they need to retool for the war effort in a hot WW3

Otto Zitte's picture

Think about it. The break away republics succeeded beyond their wildest expectations and in their arrogance stupidly shared their vastly superior technology with the vicious old world cunts they had escaped. These vengeful old world cunts then made lots of nukular missiles and painted the renegade republics for every dispicable act they themselves had done.

Maybe CAT will retool after WW3. Don't think so.

Super Hans's picture

Just wait until more farms in Cali stop producing...  Their gear can be easily replicated in 3rd world hell holes like india.  An interesting fact regarding India is that more than 60% of the populous still shits in their fields and in the streets irregardless of the traffic flowing by...