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Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
One wouldn't know it by looking at CAT stock, which has gone very much nowhere in the past 5 years thanks to just one thing - an exponential increase in the company's share buybacks...
... but the company's publicly disclosed monthly retail sales have just one message for anyone who follows them: forget recession, there is a global depression going on.
And it is not just in China as many would like to scapegoat: in June, in addition to a -19% drop in Asia Pacific (following a 30% Y/Y plunge a year ago, which in turn followed a 21% drop in 2013), US retail sales posted their first Y/Y decline since February, dropping by 5%.
But the real depression is in Latin America, where CAT retail sales plummeted by a whopping 50%: the most in reported history, and follow an 18% drop from a year earlier.
Summarizing it all, after an increasingly shallower series of dead CAT bounces in the past year, first thanks to Latin America, and then the US, global retail sales just dropped by 14% - marching the biggest Y/Y decline since the financial crisis.
And the cherry on top: there has now been an unprecedented 31 consecutive months of CAT retail sales declines. This compares to "only" 19 during the near systemic collapse in 2008.
In other words, if global demand for heavy industrial machinery, as opposed to unemployed millennials' demands for $0.99 Apple apps, is any indication of the true underlying economy, forget recession: the world is now in a second great depression which is getting worse by the month.
Source: CAT
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Depression is bullish cuz it means more QE.
The cold Summer. Nobody wants to buy/drive construction equipment in the cold Summer temperatures.
I had a sudden urge to turn to CNBC to see how they would spin this.
Fortunately the urge passed.
It's called trickle down economics, great depressions happen when people begin to wake up to all of the corruption the wealthy are perpetuating upon the masses. Just look @ Greece...
http://galeinnes.blogspot.com/2015/07/mouse-traps-galore.html
Yawn - so old economy. Shut up and BTFD.
Playing in the stawks & options casino is old economics...
It's just that some people didn't learn from the last dip because they are still a dipshit...
Israel needs to step up the pace a bit on bulldozing Palestinian settlements. That should stimulate heavy equipment sales.
Long Craftsman Tools and Shade Tree Mechanics
Baltic Dry Index is taking off like a rocket. Result of all those filled to the rim Iranian oil tankers suddenly let loose? https://www.quandl.com/data/LLOYDS/BDI-Baltic-Dry-Index
Sub prime loans haven't kicked in for D-9s yet.
Although IDF models should be selling well.
Depression is an understatement
Layoff / Closing List: http://www.dailyjobcuts.com
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At that is with the printing press already on full power. Not much ammo left for the FED to fix the next downturn. Better make sure you have your own store of ammo if you know what I mean.
Channel stuffing bulldozers? Not working huh?
Construction equipment is only required if you want to actually make something real, out of real materials. If all you want to do is create money-digits from nothing, then use those money-digits to buy other non-real financial product things also created out of nothing (like stocks and bonds), THEN WHAT THE FUCK DO YOU NEED MACHINERY FOR?
Just please click (print) us each $1,000,000,000, then no one will ever have to work again. It's so simple, this keynesianism. No more workplace injuries, no more sitting on a hot dozer trying to move earth, no more comfy indoor administrative office jobs for women even. Just shop!
Are we certain this is because of a global depression and not that CAT is having bad sales?
(Maybe a little of both...)
Legimate question. How is Komatsu and the other competition faring? It could be that Cat has run up against the lower-cost models and come up short.
WE just bought 3 $250,000 Komatsu loaders.
We haven't bought a Cat since 2006.
Contrary to what your link says, Crude Oil is not included in the Baltic DRY Index. Interesting that it's rocketing, though. Thanks for the head's up on that. Wonder what the cause is. Chinese commodity shopping spree with all their cash from bond sales maybe?
Did some googlin´and yeah, your right. Thanks. Maybe mass shipments of Australian iron ore at cut rate prices?
http://www.theguardian.com/business/2015/jun/25/gina-rinehart-offers-her...
Looks like gas is going to drop by another nickle pretty soon.
.
"...Israel needs to step up the pace a bit on bulldozing Palestinian settlements..."
I'm guessing your down arrows have no idea what kind of reference you're making to Caterpillar here, GD. Especially Cat's profitable D-9 'Zion Reclaimer' model.
A picture is worth a thousand words... Caterpillar's response?
1. It's Israel's fault not ours:
2. It's the U.S. military's fault for giving free D-9s to Israel:
Ultimately, it's my fault. My tax dollars have/will pay for every last nut and bolt of those D-9s killing Palestinians and Americans and destroying their homes. I would advocate banning Cat sales as part of the Boycott - Divest - Sanction movement against Israel, but I think it's against the law in the U.S.
Israel WAS trying to get an anti-BDS movement added as an article to the U.S. Constitution, but everyone in congress just laughed at them: "The Constitution? Who the fuck cares about THAT anymore? There's no money in THAT for US. Hah hah haa haa..."
Caterpillar would also be in deep shit if they had any involvement in killing Jews, or so says the Israeli Supreme Court (Palestinians are not considered human by Israel, so they're OK to bulldoze):
Crying about Caterpillar sales being down is like complaining about I.G. Farben's Zyklon sales being down in 1945. It's profane.
Rock solid up until the Zyklon reference. Years of ignoring the propaganda and investigating for myself has lead me to believe there were no gassings by Germany in WW2. (A statement that could land me in prison in 17 Countries) Hmmm... Now why make questioning a historical event illegal... If there is nothing to hide?
The Hard Facts About The "Holocaust"
https://www.youtube.com/watch?v=j5QlWJUk4-o
Thanks for the truth. +1
Trickle down pee-conomics, everybody just pisses on the guy below him on the socio-pee-conmic two step ladder.
The .001% gets the gold, everybody else gets the golden shower.
Well, golden shower this fuck tard. Maybe, just maybe caterpillar isn't the only choice in earth moving equipment. I'll bet there are chinese, korean, russian and latin american companies that make much cheaper models. Or that used equipment isn't being maintained longer.
I'm surpised the IQ level on ZH is so low, that everyone just assumes lower cat sales equals depression.
Great article:
"Life is full of a lot of quality analogies, but one of the famous secrets of becoming wealthy is 'Building a better mouse trap.
"If you learn to build a quality mouse traps, the mice will come to eat the cheese, and then you are free to do whatever you want with the foolish mice who didn't see the trap for what it was. There are many different mice traps in life, like your bank, laws, cars, the stock market, homes, and so very many more truly, indeed most things in life can be considered a mouse trap..."
Thanks, MonetaryApostate. Good stuff, great website. Fraid I've eaten a bit of cheese myself.
Bullish Becky Quicks tits.
What tits?
Yeah....alls I see is the back of her head in Warren Buffett's lap.
I'm in the Mojave Desert. Normal temperatures are around 115F this time of year. It's 80 for the last couple days.
What part of "the Fed raises rates in September" don't you get!?
Ritchie Brothers Auctioneers, on the I35 frontage road near Albert Lee, MN, is jammed full of heavy construction equipment.
Have never seen it that full.
Telling sign.
Is Caterpillar running out of Palestinian homes to demolish?
Two people regard the truth as anti-semitic
Hang on. I'm sure the thesis is correct.
But....could this be that CAT is having a hard time selling against other big equipment manufacturers like Hitachi, Hyundai, Komatsu, Volvo and a hoard of Korean and Chinese knock-offs ?
What about seeing global sales charts of these manufacturers so we can compare and contrast ?
Seconded. CAT is probably having their asses handed to them gloabally. Not unlike GM/Ford/Chrysler via Toyota/Nissan/Hyundai.
Defacto trade wars, over capacity, currency headwinds. So much future sales was pulled into the present with cheap money and tax/depreciation deals, at some point you catch up to actuality.
Komatsu and CAT are the two big boys, and Komatsu stopped publishing their sales figures in 2011, Hmm, odd that...
Maybe so......but around here in Florida along the perpetual I-95 build-out, I don't see too many CATs. But I see A CRAP TON parked at CAT dealers from Jacksonville to Miami.
High dollar, means lower exports overseas sales. One would expect CAT to be sinking now, against Asian competition. Or any business exporting from US.
"Sam Walsh, the CEO of London-based mining company Rio Tinto, told the paper that his company has been making more and more purchases of Chinese heavy-duty trucks and equipment, noting that the quality has “been impressive.”
“It tends to be sophisticated purchases, which sort of is a little bit intriguing,” Walsh told WSJ. “Funnily enough, when the original ore cars came in and we evaluated those against the traditional supplier[CAT? ], the quality was actually much higher. Instead of spot welds, for example, on the sheet metal they were actually continuous welds.”
-EquipmentWorld
Thirded, if that is even something you can do.
I've read in various places that CAT equipment isn't like it used to be, so it breaks a lot now, etc.
High maint. costs associated with a CAT purchase.
how are the other manuf. doing?
I'll second your third....I think it's all of it.
I was recently faced with a Cummins or CAT Diesel engine decision. I'm not qualified to make these decisions....the guys I asked said go with Cummins because CAT is too damn expensive. right? wrong? i don't know, but that's what I was told.
Now....if I do ever put together my dream truck for the Dakar Rally (no longer in Africa [unfortunately]) then I'm going with the CAT Racing Engine....because it's awesome.
Don't overlook the fact that CAT has more iron (and large iron at that) in mines around the world than everyone else combined. These are at least as reliable as any other manufacturer.
The parts business alone is huge, and likely dwarfs sales of new equipment YOY.
Parts is the strength of CAT over all the others, supply, distribution, and equivalent pricing.
How do I know this? I have been managing this equipment for 30 years - all brands - and while CAT has definately lost quality, it is still as good or better than any others depending on the model.
Example, CAT makes a 400t paylod class haultruck that is mechanical drive.
Komatsu makes a similar truck in electric drive.
The Komatsu is superior, however CAT parts are more readily available.
When it comes to ultra class dozers, CAT has productivity, reliability and parts over all competitors. Komatsu however makes a far better ultra class loader.
So be careful about comparisons based on articles by people who don't understand the products from the end users POV.
Thirded. Every time I see one of these CAT stories, I'm left wondering the same thing. The rest of the manufacturors have come on strong over time, after all. Will CAT go the way of Allis-Chalmers?
Shit, am I gonna have to pay a premium for my CAT hats?
There are winners in every recession/depression. The rising tide lifts all ships but a falling one leaves some grounded. Ultimately regardless of if Cat is failing due to competition or the economy, it does not bode well for any of us. We have seen the hollowing out of our economy through debt and substitution of low priced imports for higher priced domestic production, but as the pressure increases we are going to see an even more accelerated gutting our our domestic economy. In recession/depressions the lowest cost producer is not just the winner but the survivor.
Yep. In India, JCB dominates. Indian construction has been growing at a heakthu pace.
Want charts Jumbo? Look at Baltic dry, iron ore etc etc.
Craterpillar.
The crowd that hangs out here at ZH, is a universe apart from the buyers of heavy equipment. I don't buy heavy equipment either, but I'll bet a very, VERY large part of the above equation is because CAT charges a huge premium for their equipment because of the name, just like Nike does. Of course Nike has to charge a huge premium because of all the wasted money on sports hero endorsements. I'm sure CAT, also wastes a great deal of money, but on other things.
Would you as a buyer pay a 10 or 15% premium just for a name, when the other brands have better reliability and cheaper replacement parts? The only way to get the correct answer on this is by asking those folks that buy a lot of heavy equipment and have had plenty of experience dealing with parts dealers and the like.
Not all of us are that far away. I ran a dozer with my Dad the past two weeks. 2 Komatsu's. My Dad refuses to pay the CAT premium. His Komatsu dozers have been great. So, yes, foreign companies are probably taking more and more of a bite.
The initial spike after 2008 was all the "shovel ready" jobs in America buying... now that's over and it's back to normal, as we all knew that wouldn't last.
Not only are we back to normal, we're below normal. When an individual or a company makes a capital purchase of anything with CAT on it, you know that piece of equipment is going to be around a long time. So, you get a spike, then all that used equipment hits the used market and takes it's bite out of new sales. that's the way it goes with any artificial spike. The "recession" just piles onto the top of that.....the dollar just piles on more.
CAT along with a few other businesses need to keep praying that China sticks to it's "we can make it cheaper not better" theme. if they ever take a lesson from Japan and actually start making stuff better...as well as cheaper, CAT's foreign sales are in big trouble.
Hey there kids- unless you have ever bought and had to run any heavy equipment maybe you ought to velcro your lips shut.
Cat has some solid competition in various categories- Komatsu in most categories, Hitachi in excavators, and John Deere in wheel loaders and excavators (I think Hitachi is still making Deere excavators).
But if you want to get your money back from running or reselling your equipment Cat is head and shoulders above anyone else. In the smaller sizes, up to D5 and 930 and most small excavators you are really only buying the Cat name, but if it is big and ugly Cat bulldozes everyone else to the sidelines.
Cat's current problem is a Central Bank problem. When the Fed and the PBOC started printing money and reducing interest ratesto zero for their friends, it created the commodity boom and reduced the financing costs on capital equipment. Things went crazy for Cat for a while when all the mining companies piled in, now they are all dying, ergo Cats sales are dying.
When Mao made every little village produce pig iron, they all cheated by mixing silica (sand) into the pot. Metallurgy? China declined the offer, said they had enough allergies.
K
Hi JR.
Ah, the malinvestments, the phony prosperity - the unsustainable economic boom from central banker manipulation of the interest rates and money - is finally coming home to roost. Could it be, Kayman, that the inevitable bust is upon us?
Economic law (as Ron Paul used to say) can no more be defied by the central bankers than they can repeal the law of gravity.
Looks like the tidal wave of economic collapse is hitting and the rate cuts by the Fed and the PBOC will be no more than “the tiny umbrella Wile E. Coyote puts over his head to protect himself from falling boulders.”
Your brilliant input, Kayman, always enlightening, has been greatly missed.. Good to hear from you, again; it's been a long time.
I can see miners and drillers getting their heads handed to them. However, it's part of Barry's rekovery. This jobless rekovery will pick up speed with even more layoffs when Hillary gets elected and invites more HB1 peoples, more illegals across the wide open borders, and transfers more merikan jobs overseas.
She'll open the throttle all the way!
1033, the crowd at ZH comes from every background you could imagine. Plenty of contractors will pay a premium for a brand that stands behind their eqpt. There is a reason why John Deere, Cummins Onan, and Cat have survived with being expensive. Expensive is totally different than overpriced. If you go to any of them with a part number from a 30 year old machine, they will get the fucking part for you in a couple of days. I kept a few 20+ year old machines running like brand new, and beat the shit out of them close to 365 days per year, year after year. The cheaper name heavy eqpt are great until you cannot get the part you need. Shit, I had jobs where if the machine went down, it cost us over 10 g's in production every day it was down, and had a pissed off customer. A few days of that and you are talking a serious fucking loss. I need the part, and I need the part now.
Maverick
+1
I do purchase heavy equipment. Less than a year ago i bought a 6.5 yard front end loader. I decided on Deere because of the local support. And just as you thought , CAT was 10%+ more money for the same machine.
CAT has lost focus, they seem to worry about hats, boots jackets, skid steers, mini excavtors, cell phones, golf balls and what ever else they can paint the logo on.
The dealers want to work in the board room not the construction site or mine. They should remember, the Board may approve capital dollars, but operations decide the purchases.
That's "horde".
So tell the CEO of Cat to start manufacturing something that TRENDIES want: iCat watches (Dozers, Frontloaders, Excavators, etc).
Get with it, Mr. CEO!
" So tell the CEO of Cat to start manufacturing something that TRENDIES want: iCat watches (Dozers, Frontloaders, Excavators, etc).
Get with it, Mr. CEO! "
You mean like this.....
http://www.amazon.com/Caterpillar-B10-Android-Unlocked-Smartphone/dp/B00...
Or this......
https://theonlinebicyclestore.com/product/caterpillar-16-boys-bicycle-fx16/
At least their Mountain Bike Team is doing great......
http://caterpillarmountainbiking.blogspot.com/2010/08/bikes-for-your-cat...
They also convinced a whole bunch of fools that steel toed work boots are high fashion...
As I'd pointed out earlier, CAT's biggest presence in Bangalore is a Fashion Accessories store on Bangalore's most expensive retail road.
Here ye go...
https://www.facebook.com/pages/Caterpillar-indiranagar/605534206163012
Holy fuck, man. That's bad, just plain bad.
Like finding out the Marlboro Man is gay.
JHC.
Sacriledge (no comment about you, our ZH Treasure by that name).
I grew up around machinery. Those pics just hurt my soul.
Dad should be spinning in his grave, but I'm guessing he's getting a kick out of it.
It's always harder for the living.
Yep Bob. My dad was a life-longer logger, owned a Cat when he had a gyppo outfit. I suspect he is both amused and disheartned by all this shit, and steel toed boots being high fashoined...
Well Bob, the times, they ARE a chaaaaangin'....
CAT is making some very high quality shoes and are amongst my preferences! (Nothing but the best for my feet!) Although I wouldn't wear steel toed boots daily. I have my current CAT boots for 5 years now and are still comfortable.
CAT digging it's own grave
and demolishing Palestinian homes. That's great marketing.
are you a Greek Economic Minister of yore?
It's the high interest rates on the equipment loans causing this... need moar QE!
the trouble with a place like catepillar is their models are too real-world dependent. they rise and fall on old-fashioned ideas like prosperity and capital formation. they need to become more vaporous and amorphic. maybe start a social networking site of bulldozers and cranes. get young equipment operators to log in and make it the hip destination, their homepage.
Now let us take a look at dear old John Deere stock prices:
http://finance.yahoo.com/echarts?s=DE+Interactive#{"range":"5y","allowChartStacking":true}
Maybe they just lose market share over Chinese or Japonese competitors. It's just the US not being at the center of the world.
CAT should make a bulldozer on a stick or a backhoe watch.
Ignore CAT "its OLD school" .... buy Tesla......they sold 59 cars in China last quarter........
Shovels are ready.....give me something to dig.
Dig about six ft down...and wait. We should be six feet under soon
Tesla isn't about "selling cars".
It's not a "numbers game".
It's about.......uh.....stock price?
and subsidy farming.
They sell a lot of watches already along with shoes and boots.
http://www.amazon.com/s?ie=UTF8&page=1&rh=n%3A7141123011%2Ck%3Acaterpill...
Or an LGBT friendly dozer.
$$$$$$$$
(C)aitlyn (A)ndrogenous (T)ransgender
They already are friendly.
It gives Androgenous a bad name!
Make a rainbow-colored model. That will open a whole new market.
ah no worries, when imputations are factored into the sales of this equipment, GDP will magically grow in this section of the economy
There does not seem to be any mechanised shovel ready jobs.
Apparently that strong dollar isn't so great for everyone...
It's GREAT for KOMATSU and other CAT competitors.
Maybe this is normal. But people can't see it since bubbles were taken as real organic growth..
If interest rates begin to rise as predicted these like companies CAT that have these huge buyback debts are going to be facing some really dire outcomes.
Guess there's not much "infrastructure spending" in the U.S., unless Wall Street counts.
Not to mention Chinese and Korean Caterpillar knock-off's that do the same thing cheaper.
The Russians beat the Asians to the US market with Belarus tractors. There's been a local dealer around here for 20 years.
http://www.belarusguide.com/industry1/MTZ.htm
I would like driving a CAT to work.
Driving to work would be fun until you needed to fuel up.
Let's also look at Deere, Komatsu, Kabuta Could some of their competitors be taking away their market share?
The queer Obama's war on coal could be and the FEDs war on metals, competition, not so much.
Could some of their competitors be taking away their market share?
Yup....we just need some optimism.
My brother who works as engineer for CAT in Peoria, IL says that the foreign manufactures have cut into CATS business. I vaguely remember him telling me how foreign companies don't have to comply with antipollution devices that CAT is required to install, thus increasing the price of CATS machines.
Everything has to be taken in full context.
" I vaguely remember him telling me how foreign companies don't have to comply with antipollution devices that CAT is required to install, thus increasing the price of CATS machines. "
Hey...Hey....now wait a minute. President Butt Fucker promised us that if we pass the Trans Pacific Partnership then things like pollution laws would have to be agreed upon.
Save CAT. Pass the TPP so we can put catalytic converters on Korean and Chinese bulldozers !! That'll teach 'em.
Pass the TPP so we can take out catalytic converters on USA bulldozers !!
Fixed it for you
Yes he catches
Yes....in the can.
Barry Butthole has given tight and wide receivers everywhere a bum name.
Hmm
Yep, that's where Obama gets all his studs:
Don't have to pay one of the highest nominal wages in the world to design and make them either.
last i heard, chinese cars didnt have cat converters or pollution control. not the same with heavy equipment?
I mean dont they have a chinese model
Edit: no coal scrubbers or pollution contol on any of their engines makes un a bullshit organization hell bent on our demise. We are so friggin clean... im old enough to remember city pollution. not seeing it anymore
Bellwether , fucking crash almost here.
WTF......... times must be slow squashing Palestinian homes.
I drive by a caterpillar operations center every day here in Tampa. The mechanics are playing frisbee in the parking lot. Looks bad.
Ex 250?
They can't play frisbee well?
Been in a Depression for a long time by any traditional definition if one looks at the real statistics for unemployment, inflation, and GDP.
http://www.shadowstats.com/alternate_data
Any MSM fool will choke on the word depression before they get to the "r"...
according to the stock market, shits great.
normalize rates and we'll "reconnect"
in the meantime, lie about inflation, obliterate the middleclass, turn them into lower class, get them 100% dependent on government, securing an entire block of voters for the left.
seems to me as tho their "plan" is working to a T in their eyes.
need further proof? existing home sales just hit - median home price highest on record. sales of homes under $100,000 plunged, sales at the high end are up, up, and away. continue to widen the spread between rich & poor BUT make sure you are creating ALOT more poor and the liberal-progressives get a shitload more voters by throwing rocks at the rich who are merely reaping gains off the liberal-progressive-keynsian policies.
you just can't make this shit up.
have you tried to get a mortgage lately? Who, in their right mind, wants to undergo a Vulcan mindprobe? From documenting where did this deposit come from? How did you come up with a down payment? We can't count your income based repayment student loan. it's hell
agreed – i sold my house last year – moving into a rent controlled building where the unit is being completely renovated on their dime. it passes the 3 C’s for me: cheap, clean, close (to work, family, friends)
I got one a year ago +. I decided about 10 days out to liquidate some stuff to put into our account because I seen some farm equipment for a good deal (used) that I'd need at the new place.....the loan officer about shit their pants when $27K showed up im my checking account. My wife's company then decided to cover her closing costs as she had that option through an employee program, they stuck in $9K into our checking account and the bastards about shit themselves again. We had to show receipts for my liquidation of stawks and her company had to write a letter explaining where the $9K came from.
I was about ready to say "fuck it" and liquidate my pm's and pay cash for the entire place- I told the loan officer that and he said "it's to late for that"....I laughed.
They finally pissed me off so much that instead of putting 20% down I said "Fuck it" and went for the 0 down we qualified for and used the other $90K to buy shit from craigslist to help me on the homestead. NO PMI either as it was a VA loan.
At the end of the day, I said "Why put anything down at 3.75% and have this fucker underwater in a few years and maybe jobless (wife)....come take the mother fucker is my sentiment, tired of being a "productive citizen".
Oh for the record I "checked the fuck out" from our McMansion and sold my business and retired(I was an engineer/ business owner and wife is still a regional director over 30+ hospitals) we now have property, equipment, chickens, bees, pigs, a big ass garden and a fucking stack and debt free besides for this mortgage.
Lost 40lbs from working my can off over tke past year and am the same weight (154) at 45 years of age as I was when I was 15....you fuckers are wanna be's, I'm living the dream.
Wait until interest rates rise and you won't exactly be 'living the dream' anymore. Miss one payment and the teaser rate won't look so appealing.
DO you serious think that if that happens I'll honestly give 2 shits?
The way I see it, if I ever get myself into a position to not be able to ever pay the mortgage then the shit has hit the fan and I'll be woriied about protecting my "other shit" and will really not give a shit about making a payment. I figure I'll be squating in this fucker for 2-3 years before they come and take it.
Oh, I've been getting tons of notices in the mail also..."refinance and take the equity out"....don't you think it hasn't crossed my mind, I bought it on the cheap and since we are back to crazy appraisals again there is not doubt that I have at least $200K of ewuity in it in just over a year.
Make no mistake about it, we are right the fuck back where we were in the 90's with this "everybody needs a home" and "tap into your equity" bullshit....this time I'll be in that game and will not lose a wink of sleep over it...as a matter of fact it's time for my siesta...you fuckers keep on keeping on so you can pay for me if it goes to shit again.
(lays down in fetile position, places thumb in mouth and dozes off like a cozy baby who just felt the warmth from shitting their pants).
Ha! that last sentence! Shoulda got a fixed.
well, I was married, got divorced (got absolutely hammered for only 3 years, no kids), had to pay a shitload of $$$.
so, when I cleared-out all the destruction she did, I decided to liquidate the house & when the SPYs hit 205 I said im not gonna be greedy so I punched out.
I have zero debt, a shitload of cash, single, free, and & fucking the world (I too lost around 35 pounds since my ex-wife fattened me up), no house to worry about all the BS with, and a nice pad - come & go as i please.
when I was married, it was death fuggin row. every day seemed like a year. now every year has felt like a day. id say my dream just recently started as it feels as tho the nightmare had since ended.
sleep tight!
Haha, I have a military buddy just like you he called 2 weeks back and asked me which bimbo he should keep. Texted me naked pics of them both, talked about the "swallower" being nice but the one that spits makes more money. I told him to just keep um both and find a new one when they catch onto him..."genius" he proclaimed. I told him that when they do catch on that it's either "over" or you can see if they'll have a threesome... Then said "that's why I called you as you are chalk full of good advice".
Oh and about me being married....I went through about 60-70 females from age 15-22, the world was shocked when I settled down....it took that many to find a good one. I'm happy.
The question I would like to ask is how are the others who make the same type of Machinery going? Cat is not the only one. Are they still as good as they used to be, or are they crap now, or cost to much?
Overly complex systems with a bunch of computized joystics and gps systems that go wacko and you have the service truck out every week and even he can't figure out what is wrong. You have to enter a password code and go thru a sequence just to get the thing started lol. The old equipment operators have to call the young kids over every morning just to get going. There is only 5 bucks in a simple ignition key that worked fine for 200 years.
The company business model is just like the US auto makers, it not the initial sale that they want their pound of flesh, its the we suckered you into buying this POS and now we got you by the balls and plan on bleeding you dry for the duration of ownership. Ye gift that keeps on giving. Rather than build equipment and cars like the customers want they want to hang it in you ass and then act suprized when everyone starts grabbing a Komatsu.
That and you can just overlay the price of gold, silver, copper and coal mining over that chart. Or just the price of gold would match up almost perfectly. Thats why you don't manipulate markets, somewhere it gonna show up badly. There is no free lunch. ECON 101
Getting ready for driverless. The "internet of things" comes to plant and machinery first. You can't service without an internet connection, and a pass key/dongle. Won't start unless serviced/approved parts are installed/machine has reported back to the factory. Horspower is a setting in softare, pay more get the extra power.
But how many unique visitors to CAT.com? If that metric shows some strength, the stock is set to pop. USA! USA! USA!
It's the recession that's not officially a recession and I've been saying that since 2009. The reality is we have a bunch of lying cunts masquerading as elected officials, who just lie and pretend everything is great. These cunts serve a different paymaster and not the electorate. How many times will it take for plebs to understand, there has been a real drop in wages for the middle and working classes, in real terms and inflation adjusted. Who believes any western government official inflation figures? There is no truth anymore, just lies everywhere.
Looking forward to future mass grave projects.
Long death and destruction.
Boeing did well as do most of the MICs. Part of the Empire Trade: Defense, Banking, Bonds. Hard to beat that, harder to sleep with it.
Boeing actually puts out a good product that companies will buy, and they have limited competition.
There 737 is the most popular commercial aircraft in the world, and the dreamliner is right behind it.
They don't do a whole lot with the MIC compared to all other sales. If you want to go after the MIC, take on lockheed or mcdonnel douglas or raytheon or BAE. Drones and Bombs. The military is moving away from expensive planes and such. a drone with missles flown from Missouri is much cheaper than a full sized aircraft piloted around the world.
The 787 got a black eye with some of the bugs it had though. IIRC, they blamed a lot of it on outsourcing, which may be correct, but people will remember that shit. Then again, the reduced weight means significant savings on fuel vs other comparable aircraft.
All those "Shovel Ready" projects are hurting CAT. Who needs a CAT when all you are doing is shovel projects.
"Come on boys, let's shovel some dirt into these potholes."
CAT need the wall built....problem solved. Until then QE unlimited with record stock buybacks should keep the indices immune from reality for at least a year.
There is depression in the land of the free if you use the right inflation data
If you plug in real inflation then GDP was 8.9% lower in 2014
Just look at how we fix inflation:
Chapwood Index shows real inflation in US.
In 2014, it was 9.7% - 1212% of official US inflation (0.8%)
http://www.chapwoodindex.com/
The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.
So who cares about sales when you can buy your own shares back to gin up the EPS? C'mon CAT get with the program -- you're. so. sloooow.
Maybe this is helping drive the TPP deal. Exacerbated by Strong dollar consequences? I'd like to see regional retail sales data for Komatsu and Hitachi. and throw in Deere. CaT acquiring Bucyrus fall of 2010, just before
spring of 2011 commodity top, and subsequent ascension of the dollar , seems to have been bad timing.
You should post a chart of Cat's LTM sales - worldwide and by region - going back to 2008.
The HARPEX is trending down. The over all trend is down since it bottomed out in 08. The confusion caused by easy fiat creating bubbles and the recovery mime have kept game going.
http://www.harperpetersen.com/harpex/harpexRH.do?timePeriod=Years10&&dat...
Translation, we need to blow up some folks so we can sell our equipment for rebuilding purposes.
Time proven investment is in war. Long rebar and concrete.
Change names of products to iBulldozer and iCrane, add an iPad to them along with a smart app and problem solved - sales will go thru the roof. Its what all the cool companies are doing now, get with it CAT or continue to be a "dog with flees" as the greatest investor of all time (Gordon Gecko) once said, he was a real person, right? You would think a ticker like CAT would kick ass, maybe adding pictures of cats to their products, websites and sales literature will do the trick. They have to convince the gubmint to stop dropping bombs long enough for them to sell their shit to the foreigners to rebuild, or get into bed with the IMF and just have capital from loans redirected to them automateically - as they did in Greece with the military purchases - cause ya know, Greece is always at threat of a Turkish invasion, damn Persians. Wait, that's the answer, Cat should reposition their products to be machines of war - a crane with ballistic missles or a bulldozer that can also plant mines - yeah, that's the ticket.
How many pensioners will (or are) get fucked by these guys? The CEO would plow his mother under if it meant he would get a bigger bonus, its all so crazy and nonsensical - I can see the cliff from here and we are approaching it faster every minute as we accelerate to the demise of the non-billionaire class. This next crash will treat millionaires just like the poor, their assets will be transferred into the corporate assets of the (5) big banks too - the last Great Depression will pale in comparison, Cat ain't seen nothing yet!
CAT forgot to donate to their local DNC collection agent, otherwise we'd be in the midst of "Cash for CAT Clunkers" by now.
Well. Tell me something I don’t know. Caterpillar is actually a canary in the abyss of world debt. It tells us the truth. Humanity is incomeless, jobless and enslaved by debt. This missing income that did not buy missing houses, goods and services that were produced by missing jobs.
What so-called economists are trying hard to overlook is severe “real” inflation of commodities required for basic human subsistence such as food, transportation, education, healthcare, home rent or lease, etc., not as much due to nominal prices increase but due to massive aggregated income collapse of working people all over the world.
The so-called economists also trying hard to overlook severe deflation and depreciation of assets own by majority of working people, such as labor power, skills and education, conservative retirement assets, savings, value of work benefits, value of social programs, consumer services, land lease value, furniture, electronics, used cars mobile, phones and gadgets, computers and software, used clothes, memorabilia, low brow art and antics, etc. not as much due to loss of value of these assets but because of massive aggregated “real” income collapse due to “real” inflation and over-leverage affecting working people all over the world. In other words money circulation in second tier economy of 99% almost came to standstill. Almost all income was distributed up to 1% or rather 0.1%.
This is double whammy of “real” income and asset deflation and hence working people “net worth” spiraled down, accelerating toward collapse. The process of pauperization of western societies not only affected middle class but working class people when it initiated in US over three decades ago.
Very few emphasize enough that core of the issue is utter collapse of demand (due to collapse of income and value of assets) for anything throughout the world due to massive over-leveraging of business of all sizes and households often in US dollars/Euro/Yen not in domestic currencies leaving CBs helpless.
People simply paying off their loans and obligations and have nothing left for consumption or investment. This catastrophic collapse of world demand (pointed out by Russia and China) for most goods including food and oil causes, continuing for almost a decade now, dramatic flight of capital resulting in recalling massive amounts of speculative capital back to US. Japan and Europe refused to accept returning yen and euro assets desperately seeking shelter in panic. They are trying to accomplish it via QEs and NegIRP. They are trying to erect barrier to capital inflows in order to avoid surging of their currencies and killing their economies, meaning reminder of industries capable to export since domestic income and demand is dead.
The fallacy of debt based global economic system is only too apparent.
There is no way out of world pauperization and death spiral except to break through globalism in very painful ways. Unfortunately, people rather believe in illusion than face pain of reality and turn around to stop this genocidal system of alien class of global oligarchy directed towards human extermination, all other priorities rescinded.
For brief discussion of inflation/deflation as well as so-called “free” markets, benchmarks and indices I suggest fresh look at financial propaganda of deceit at:
https://contrarianopinion.wordpress.com/2015/01/29/invisible-hand-and-other-paranoid-delusions/
For those believing that economy is rational science and economic conditions are result of laws or rules of economy I suggest interesting read on wage economy at:
https://contrarianopinion.wordpress.com/2015/01/28/slaves-of-wage/
For some more background on Japan political and economic situation in historical context:
https://contrarianopinion.wordpress.com/2015/02/20/japan-miracle-that-wasnt/
The correlation can be found in our nations moral decline; we were founded and blessed on fixed moral principals given to us by God. We have abandoned the standard of moral perfection and humility for man's relative morality and arrogance to such a degree that we now legislate immorality and applaud it; God will NOT be mocked and our nation has yet to feel the full weight of the "Wrath of Abandonment", but we will.
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A Nation Abandoned by God: https://www.gty.org/resources/sermons/GTY109?Term=wrath%20of%20abandonme...I am not religious but I will tell you the where the rubber meets the road----life is cheap---
a life used to be worth something -no longer- everything points to that.
CAT needs to diversify into the yacht building business, or high end CATamarans.
Like Kalashnikov extended its business into drones and boats.
http://www.defensenews.com/story/defense/show-daily/idex/2015/02/22/kala...
Most excellent comment Sir
Or Maam
Or actually Whatever nowadays
Now you can expect Christmas, Thanksgiving and Halloween displays in all the stores to be showing up early and often. The brick & mortar stores will have to get very creative to get these Christmas displays in given the limitations of space. Christmas in July has already began between Amazon and Walmart.