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What On Earth Is Going On With Caterpillar Sales?
We have been covering the ongoing collapse in global manufacturing as tracked by Caterpillar retail sales for so long that there is nothing much to add.
Below we show the latest monthly data from CAT which is once again in negative territory across the board, but more importantly, the global headline retail drop (down another 11% in August) has been contracting for 33 consecutive months! This is not a recession; in fact the nearly 3 year constant contraction - the longest negative stretch in company history - is beyond what most economists would deem a depression.
Perhaps CAT should come up with a new economic term to describe the true state of global manufacturing.
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Interesting that it appears to coincide with the Bucyrus purchase.
CENTRAL PLANNING 101
With this news
http://wolfstreet.com/2015/08/13/us-container-freight-exports-fall-off-c...
Isn't drops of industrial tools expected?
"Perhaps CAT should come up with a new economic term to describe the true state of global manufacturing."
How about "The Grand Delusion"
All negatives working at the margin:
1. Recycling worldwide. (hurts mining)
2. Solar and wind energy (hurts mining, oil and gas)
3. Chinese capex wave is OVER. (hurts construction)
4. U.S. commercial and resi construction still weak vs. last cycle.
5. This shit doesn't wear out for 30 years.
Can u say Kubota? Price competition.
Does anyone remember the Ceridian UCLA Pulse of Commerce Index that mysteriously disappeared prior to our last presidential election. It was showing the economy flatlining as Obama was bragging how he had turned the economy around.
Nice. Thanks.
https://en.wikipedia.org/wiki/Ceridian-UCLA_Pulse_of_Commerce_Index
miners are bleeding, so do their suppliers.
CAT management is just fucking retarded.
I can turn around the company in like 10 minutes with a few million bucks.
1) Cry to government, bribe some people, spend a few million (pols are cheap now)
2) Anoter few million, write white papers, present to media, get Mainstream media to crow about Cat going under! OMGZ the last of our big manufacturing gone!! Government must do something!
3) EPA Chimes in! OMGZ old cat's belch deisel fumes, cause global warming!
3) Present solution, "Cash for Cat Clunkers!" turn in old cat for 20% off on new models!
4) Offer 0% 50 year financing!
Cats fly of fthe lot!
Serously CAT management, What's so fucking hard about this?
Thank your lucky stars that your MBA has not completely impoverished you.
Perhaps the Worldwide Caterpillar Boycott has something to do with it.
I do not like Caterpillar corporation. They buy other companies and close them down shortly after.Their biggest problem is the downturn in the mining industry.The high value dollar will speed up their misery.
Besides the fundemental problems like the one you mentioned, the tier 4 regulations will be the end for both Cat and John Deere, no-one wants to pay that much money to deal with expensive over complicated diesel engines. Slightly used much cheaper tier3 engines are a much better option for most.
Cat has priced itself out of the market. I see most guys buying other breeds.
Someone can hack CAT GPS software to robosigning new ilegal voting system. Or face robotic CAT software to destroy your home.
Pepper needs to ask the CAT board of Directors. Disney will develop a new amusement ride to sell new carnival attractions under derivative debt obligations.
Call it karma for being Zion's bitch
http://www.oocities.org/israel1mathknight/D9-idf-pic407.jpg
there is a rumor that John Deere has gone after its dealers for holding excess inventory at far to high a price, in a manner that has thwarted export of older tractors and agricultural equipment... but many farmers covet that older equipment as it is not encumbered with excessive technology and emissions equipment.. So what is really going on. The grain markets are in contraction with prices about at last years levels as excessive rain has cut into yields.. Rental land is under attack by the University of Illinois for having to high a price and demands a 20-25% cut in cash rent. Will we see farmland prices crash in the next year or two?>