Caterpillar Sales Drop Accelerates As Asian Demand Implodes
How’s that Asian century working out for you? Any chance the status quo is going to be wrong. Just a thought based on this wild idea. You may have heard of it. It’s called reality.
Caterpillar shares are up 24% year-to-date. But their sales drop continues to accelerate. Asian mining sales are down 30% in this most recent quarter. At this rate one should hope Caterpillar goes out of business to see the stock appreciate another 75%.
Umm… what happens first in the supply chain of capital formation used for production? Possibly mining? Umm.. what happens first in the violence-based Asian mercantilist economic model of export-driven production growth? Possibly mining? Umm.. what happens first in the supply chain of violence-based American overconsumption fueled by Asian mercantilist overproduction? Possibly mining? Tick tock.